In early December, the trucking industry was shocked by its largest bankruptcy ever.
Just before the holidays, Indianapolis-based trucking company Celadon Group filed for Chapter 11 bankruptcy, its former COO and CFO both arrested in connection with alleged accounting fraud.
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Imagine this scenario: You have a great product and a growing customer base, and the online orders are coming in. But as your ecommerce business continues to grow, the pressure is on to get hundreds of orders fulfilled correctly and on time.
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‘Tis the season to be worried about retail logistics!
This year, as many retailers prepare for their busiest weeks, uncertainty abounds. Consumer demands are shifting more rapidly than ever, e-commerce continues to disrupt brick-and-mortar retail in unexpected ways, new pressures are being put on fulfillment, and the trade war with China looms over every sales projection.
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The latest logistics challenge? Rising warehouse costs.
You can thank the internet for the squeeze on warehouse real estate. Companies like Amazon have made next-day and same-day delivery a consumer expectation, and those capabilities require retailers to keep their stock as close as possible to the customer.
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Technology has transformed the shipping and logistics industry, but software compatibility issues continue to pose significant challenges.
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The Ports of Los Angeles and Long Beach, the two busiest container ports in the U.S., are leading the way on emissions and pollution reduction, according to new reports.
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The trade war between China and the U.S. has had an outsized impact on the nation’s largest west coast cargo destination. The U.S. continues to place tariffs on incoming goods from China, and China is planning tariffs on a staggering $75 billion in U.S. products.
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On September 9, Uber announced an expansion of its shipping and logistics operation, Uber Freight. The company signed a 10-year lease in Chicago, where it will open a new office and hire 2,000 people in the area over the next three years, mainly for the freight unit.
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Early this year, analysts predicted a slowdown in the $800 billion trucking industry. Unfortunately, things have turned out even worse than originally predicted — 2019 has found the U.S. in the midst of a freight recession, with significant difficulties in the trucking industry.
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In 2016, Schneider National acquired two specialty trucking companies to launch their last-mile delivery services. Just three years later, they’re shutting down the project, citing poor performance.
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