Welcome to Logistics Management
Logistics professionals navigating their path forward face challenging market conditions, an evolving regulatory environment, a rapidly changing technology landscape, and an increasingly competitive labor market. Our research team puts context around this year’s findings and offers insight to help shippers fit the pieces together.
Top 30 Ocean Carriers: Riding high on wave of profits
Yet ocean carriers are riding a high wave of unprecedented record profits. Maersk, now the world’s second largest shipping company, reported second quarter 2022 revenues of $21.7 billion, marking a 52% increase compared to the same period of 2021. Net profits were $8.6 billion, a new quarterly record, and $15.4 billion for the first half of ...
2023 State of Logistics Report: Great logistics reset
Jul 10, 2023 · 2023 State of Logistics: Third Party Logistics (3PL) According to the new “State of Logistics Report,” U.S. business logistics costs soared to $2.3 trillion over the course of 2022, growing 19.6% from 2021 and now representing 9.1% of the nation’s gross domestic product (GDP). That’s the highest percentage of cost compared with GDP in ...
XPO Logistics Company Profile
Greenwich, Connecticut, 06831. United States. (855) 744-7976. contact@xpologistics.com. www.xpologistics.com. XPO Logistics, Inc. (NYSE: XPO) is a top ten global provider of cutting-edge supply chain solutions to the most successful companies in the world. The company provides services for truckload brokerage and transportation, last mile ...
Global Logistics: Challenges in our changing world
The COVID-19 pandemic set in and made a massive impact on global trade and amplified existing logistics challenges around the world; lockdowns triggered rapid growth in e-commerce, putting additional strain on already strained freight networks; and a last-minute Brexit deal was finally reached following a few chaotic weeks at the UK border.
Top 50 Trucking Carriers 2022: Pedal to the metal
Apr 1, 2022 · ABF Freight System, the nation’s 7th-largest LTL carrier, achieved an 89.9 operating ratio for last year. As a result of the Teamsters’ profit-sharing plan with ABF, that kicked in a 3% bonus for all covered ABF employees on top …
Top 30 U.S. Ports: Big ports got bigger in 2020
May 5, 2021 · The largest ports also experienced the fastest growth, with imports to Newark/New York and Long Beach up by 8.1% and 8% respectively year-over-year in 2020. Meanwhile, Savannah and Houston saw volumes increase by 3.4% and 2.2% through a mixture of investment in new facilities and successfully managing heavy weather conditions.
Top 25 Freight Forwarders: Top forwarders continue to sail …
As if 2021 wasn’t bad enough, 2022 is presenting additional layers of disruption to global freight markets with further COVID-related lockdowns, especially in China; Russia’s invasion of Ukraine; exceptionally strong increases in energy prices; heightened competition for talent; and inflation and recession worries that are hitting multiple geographies and supply chains at different ...
Top 50 Trucking Companies: The strong get stronger
Top trucking executives say that the key to success in such an unusual year was flexibility, quick strategic thinking and the ability to motivate people. “We changed everything we did and how we did it—overnight,” explains Rourke. “However, that demonstrated how resilient people are when change is forced upon them. People can do great ...
Less-Than-Truckload (LTL) Transportation Market Update 2022: …
The $46 billion less-than-truckload (LTL) market, plagued by high fixed costs and sometimes awkward labor relations, has rebounded to become a cash cow over the past two years. “Customers are afraid to change carriers today for fear of not having enough capacity,” says Chuck Hammel, president of LTL mainstay Pitt Ohio.. “In fact, they’re all paying big prices for …