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UPS announces new additions to Marketplace Shipping solution
Earlier this week, UPS heralded the most recent additions to its Marketplace Shipping offering, which it described as a technology solution that enables merchants to view, process, and ship orders from various e-commerce marketplaces and online stores through a single online interface. UPS introduced marketplace shipping four years ago to provide customers with a simple option for getting their sold orders into the hands of their buyers, a company spokeswoman told LM. UPS Marketplace Shipping has been live on UPS.com since January of 2014 but has not been formally publicized by the company until this week.
INTTRA expands ocean carrier network with NAMSUNG Shipping
INTTRA, a neutral electronic transaction platform, software and information provider serving the ocean cargo community, announced today that it has added Korea's Namsung Shipping Co. Ltd. as part of its wide-ranging strategy.
FedEx fiscal second quarter earnings top Wall Street estimates
Another strong earnings performance by FedEx was reported by the Memphis-based transportation and logistics titan late yesterday. Fiscal second quarter net income at $16.5 billion was up 9%, and earnings per share at $3.72, which topped Wall Street expectations of $3.11 per share. Quarterly operating income of $1.11 billion was up around 1%. FedEx said that quarterly consolidated earnings were adjusted to exclude the estimated $1.15 billion reduction in its net U.S. deferred tax liability, due to the lower statutory rate that was enacted as part of the Tax Cuts and Jobs Act.
Freightos Collaborates With Eikon to Expand Index Reach for Logistics Managers
Global freight indexes provided by the online freight marketplace Freightos are now available on Thomson Reuters flagship financial desktop product Eikon.
February truck tonnage is mixed, according to ATA data
The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index dipped 2.6% to 109.2 (2015=100) from January’s 112.1, which was up 1.6% compared to December (and downwardly revised from an initial reading of 2.0%).
New DHL offering focuses on fast and flexible delivery service for online retailers
Entitled Parcel Metro, DHL said that this offering essentially provides what it called a virtual delivery network of local and regional delivery vendors and crowd-sourced drivers and vehicles to ensure last-mile flexibility and capacity.
Diesel average is down for the sixth straight week
The average price per gallon was down 0.04 cents to $2.972, with the average price per gallon falling a cumulative 11.4 cents going back to the week of February 5, when it was at $3.086.
Same concerns remain, when it comes to the truck driver shortage
If someone asked you point blank: “what is the biggest issue in freight transportation today?” there is a better than good chance that the truck driver shortage would be at the top of the list. Why wouldn’t it be either? It is a topic of daily discussion at every industry trade show and conference, while also getting a ton of attention in the form of commentary or data being issued fairly frequently. If it has not been for you, then perhaps you have going to different events.
New FedEx offering focuses on high-volume returns
FedEx has rolled out a new returns management offering that provides high-volume merchants and e-tailers with the “ability to quickly and easily improve their customer experience.” Fedex Return management, Reverse Logistics 3PL
U.S. trade with Canada and Mexico sees annual gain in 2016, BTS reports
BTS said all five major transportation modes– truck, rail, pipeline, vessel and air –moved more U.S. freight with Canada and Mexico by value in 2017 compared to 2016. And it added that total value of cross-border freight carried on all modes rose 6.6 percent from 2016 to $1.2 trillion in current dollars.