TMX Trendwatch: Week of July 1, 2024

July 2, 2024

A recent report declared that logistics leaders face a state of “permanent volatility”, and the news is reflecting it: new emissions standards and freight pricing are in flux, forcing transportation leaders to continually adapt, while UPS is announcing the sale of Coyote Logistics to RXO.

But there’s good news: technology investments can help combat volatility, and so can staying on top of all the latest transportation, supply chain and logistics news through our bi-weekly newsletter, TMX Trendwatch. Read on for all the latest stories!

Logisticians Adjusting to Volatility That is Now Embedded in Supply Chain: Researchers behind the Council of Supply Chain Management Professionals’ State of Logistics report (in its 35th year) claim “uncertainty is now a near constant in the global economy”—and we better deal with it. How? Investments in emerging tech like AI, end-to-end visibility and advanced automation to start.

Another Lawsuit Filed Against EPA Emissions Plan: The controversy continues: The EPA’s Phase 3 heavy-duty vehicle emissions standards have been hit with lawsuits from nearly half U.S. states and associations representing truckers, manufacturers, farmers and now oil and gas. Opponents say achieving the agency’s zero-emission vehicle goals are impossible, but proponents say they’re necessary.

Fleets Persevere Through Down Market With Care and Creativity: Carriers are riding out a rough market by deploying transportation management, telematics and other tech to navigate around tolls, eliminate unnecessary stops, change packaging, reduce touchpoints—and even set up a “Who can idle less?” competition among drivers.

UPS to Sell Coyote Logistics to RXO: UPS recently announced an agreement to sell its asset-light freight brokerage business, Coyote Logistics, to RXO Inc. “RXO’s highly accretive acquisition of Coyote will immediately increase the scale of our brokerage business, providing customers with more capacity across a wider array of power lanes,” said Drew Wilkerson, CEO of RXO.

Freight Classification Overhaul to Begin Next Year: “These are no small changes to the rating guide used by LTL carriers to set their prices.” More than 3,500 single-class items are expected to shift into 13 subcategories, a massive change that the National Motor Freight Traffic Association says will increase efficiency, but shippers, carriers and 3PLs must weigh in.

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