Can we declare the freight recession over now?
Carriers, shippers and supply chain leaders have all been waiting to see when freight rates will hit bottom—and the data (and rising freight stock prices) say they already have. Plus, XPO turns shuttered Yellow Corp. terminals into new lanes of cross-border shipping, while the Midwest charts a new all-water shipping lane all the way to the ocean.
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- America’s Freight Recession is Nearing Its End: “We have hit the bottom in freight rates.” Logistics executives say a reduction in trucking capacity coupled with a 30% increase in volume over the last year is finally driving rates up.
- XPO Launches Mexico+ Cross-Border Shipping Service: Major carrier XPO has turned its terminal acquisitions from bankrupt Yellow Corp. into an expansion of its cross-border shipping service, reopening 2,000 doors as part of the growing nearshoring movement.
- Companies Using Next-Gen Supply Chain Tech See Greater Profitability: According to new research from Accenture, companies that use “generative AI, advanced ML and other evolving technologies for autonomous decision-making and continuous improvement” are 23% more profitable than their peers and see other benefits too.
- Chicago Area’s First All-Water Container Route Brings ‘Significant’ Supply Chain Changes: Served primarily by rail and road, the Midwest could soon have a route to bring ocean liners straight into the heart of the country at the Ports of Indiana-Burns Harbor on Lake Michigan. It will take about two years but could create major waves across global supply chains
- How to Use a TMS to Run More Effective QBRs with Carriers: Traditional QBRs often fall short due to a lack of actionable insights and data-driven decision-making. Here’s how industrial manufacturers can use a TMS to enhance their QBRs with carriers, driving better outcomes for all stakeholders involved.
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