Brick-and-mortar retailers are sweating online competition this holiday season, perhaps more than ever. But it's all upside to UPS. The shipping giant is cashing in both on internet shopping and old-school retailers trying to mimic Amazon.com - shipping inventory around the country in an incessant supply-chain shuffling.
While much is being written about expected holiday sales, the flip side of retail returns is also an interesting business, with consumers returning about $264bn worth of merchandise, or almost 9 percent of total sales, according to industry estimates. But, what happens to all that unwanted or defective merchandise that doesn't make it back on the retailer shelf?
Used truck dealers continue to characterize business as "good" or even better than expected, although maybe not quite as strong as they had hoped, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
Despite a slow economy, North American CEOs have their sights set on growth, expecting their companies to increase revenues by an average of 14.6 percent over the next three years, according to the 20th Annual Survey of Third-Party Logistics Provider CEOs.
Growth of the middle class in China and other emerging economies will contribute to the future of air cargo, said Des Vertannes, the global head of cargo at the International Air Transport Association.
It seems that all major U.S. retailers - whether they are traditional, brick-and-mortar operations or Web-based - are stepping up their same-day delivery services and fulfillment systems before this holiday season. The move not only helps them extend the holiday shopping season by a few days, but also caters to busy holiday shoppers who don't have time to grab groceries for holiday parties or family meals.
Ship suppliers are managing to weather the economic storm by putting solid and vetted business partnerships ahead of any major move towards online procurement, according to one of the industry's trade bodies.
September is typically the second-weakest order month of the year for Class 8, so modest activity was expected. Class 8 net orders were 19,018 units. Meanwhile, the medium duty market was able to mostly offset a sharp pullback in bus orders to net 16,745 units in orders. This updated status of the North America commercial vehicle market was included in the State of the Industry report, recently released by ACT Research Co. (ACT). The report covers Classes 5 through 8 vehicles for the North American market.
The latest news, analysis, services and systems regarding logistics and freight and their impact on global supply chains. Today’s companies are transporting and delivering perishables and manufactured goods in a more timely and efficient manner than ever before through logistics solutions. New technologies that provide information during local and global shipments are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As transportation and distribution services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using logistics and cargo solutions to power their supply chains.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.