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Thursday, October 8, 2020
Logistics Intelligence Brief
Brought to you by the YRCW Family of Companies

Trucking

Holland driver Herschel Evans is dedicated to trucking advocacy, nonprofit volunteerism

The Trucker Lydon Finney October 7, 2020

In 2011, Evans took over an intercompany truck-driving championship and transformed it into the Safety Drive for a Cure. He’s been involved for 33 years with Atlanta Ride for Kids, a nationwide motorcycle charity ride. He and his wife, Holli, are active participants in both events, which benefit the Pediatric Brain Tumor Foundation. Evans has been a member of the American Trucking Associations’ America’s Road Team, and in 2017 was presented with the Mike Russell Trucking Image Award for representing the industry through his role as an America’s Road Team Captain and for creating the Safe Drive for the Cure competition. In 2018, he received the Commercial Vehicle Safety Alliance’s International Driver Excellence Award. Evans’ accomplishments extend to state and national truck driving championships, too. He was the 5-Axle National Driving Champion in 2008 and 2011, and he has won several first-place awards in state competitions.

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No relief in sight from high spot truckload rates

The Journal of Commerce William B. Cassidy October 7, 2020

Shippers are bracing for sustained high spot truckload pricing and increases in contract rates as their business comes up for bid over the next few months and in early 2021. Shippers whose budgets have been blown into the stratosphere this summer and fall are not going to recoup those expenses easily, and will have to make tough decisions about what they will do to try to bring costs back into line in 2021, logistics executives said. That effort may involve even more collaboration than was discussed back in the tight market of 2018.

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Trucker Pay Increasing as Driver Shortage Grows, Industry Capacity Tightens

Transport Topics Dan Ronan October 7, 2020

“I’ve seen a number of companies over the last couple of weeks make statements that they are raising their driver pay,” said Jeremy Reymer, CEO of Indianapolis-based driver recruiting firm DriverReach, in an interview with Transport Topics. “I think we’ve lost a ton of drivers this year, because of COVID.” Reymer said there are several reasons companies are raising pay, including: • A surge in retirements among older drivers propelled by COVID-19. • A desire among drivers to work closer to home and be home most nights. • The dramatic surge in e-commerce, and the need for tens of thousands of local drivers. • The difficulties renewing or getting a new commercial driver license at state motor vehicle offices during the pandemic. • The disqualification of an estimated 30,000 drivers in the new Drug and Alcohol Clearinghouse. • Another critical factor compelling companies to raise pay is the large increase in contract and spot rates over the past several months.

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Shippers/3PLs

Convey survey takes long look at key holiday delivery challenges for retailers

Logistics Management Jeff Berman October 7, 2020

Retailers’ shipping policies again were a major theme in the survey, with 89% of respondents stating that on-time delivery is important to the overall online shopping experience, marking an improvement over the reported 84% from last year’s survey. Other shipping-focused takeaways focused on the top three concerns of holiday shipping, including: 42% are worried a package will be late; 17% are worried the package will be stolen from the porch; and 16% worry the price of shipping is too high. And free shipping was, once again, was highlighted as a core data point, with 44% of shoppers saying free shipping was the most important delivery service, followed by free shipping on returns, at 18%, and the ability to track packages en route, at 14%. While consumers continue to expect free shipping and returns, some parcel express experts maintain that the days of free shipping will be expiring sooner than later. When asked how both retailers and delivery providers can still maintain customer satisfaction, if free shipping eventually is not free, Newbold-Knipp said it will be a huge challenge for retailers to maintain customer satisfaction if shipping isn’t free.

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Industry

Transpacific rates nearly triple last year’s despite record high capacity in Golden Week

Supply Chain Dive Matt Leonard October 7, 2020

Capacity on the Transpacific for Golden Week was "unprecedented," according to Sea-Intelligence. Available space exceeded the next highest capacity year, 2018, by more than 150,000 TEUs. The latest schedules for the Asia to North America West Coast route show "a staggering 26.6%" YoY increase in capacity for week 40, which ran Sept. 28 to Oct. 4, according to a Sea-Intelligence report. Golden Week began Oct. 1 and is a holiday in China that usually coincides with a downturn in ocean traffic. "This corresponds to a reduction in blanked capacity from 8.7% to just 3.9%," Sea-Intelligence CEO Alan Murphy said in a statement. Asia to North America East Coast capacity is up more than 30% YoY with blanked capacity reduced from more than 10% to 3%.

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Coming Oct. 8: Future of Freight and Supply Chain Symposium

Transport Topics October 8, 2020

YRC’s Jason Ringgenberg Panel II: Futureproofing and Next Generation Tech Investments 12:45 PM EDT - Transportation companies that previously looked at data, analytics, IoT and robotics to drive efficiency now see them as tools to increase resiliency during uncertain times. - At the same time, trucking and logistics companies are beginning to incorporate a range of emerging technologies into their operations, including electric-powered trucks, AI-enabled business process automation and advanced driver-assist systems. Drew Wilkerson, XPO Logistics Chad England, C.R. England Sid Brown, NFI Industries Jason Ringgenberg, YRC Worldwide Drew McElroy, Transfix

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Technology/Innovation

Ransomware hackers claim attack on Texas customs broker

Freight Waves Nate Tabak October 7, 2020

Multiple companies in supply chain targeted in ransomware attacks Hastings represents just the latest supply chain company targeted by ransomware groups. Conti recently claimed responsibility for attacks on U.S. flatbed carrier Daseke and Canadian trucking company Manitoulin Transport. Other groups have attacked French shipping giant CMA CGM and TFI International, Canada’s largest trucking and logistics company.

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Government/Safety

Comments roll in for 14-hour HOS pause

Fleet Owner Catharine Conway October 7, 2020

The Federal Register has received more than 170 public comments as of Oct. 7, favorable and unfavorable, since the Federal Motor Carrier Safety Administration (FMCSA) originally requested public input on a pilot program that would create hours of service (HOS) regulatory relief. The program would allow participating drivers to pause their on-duty driving period with one off-duty period up to three hours. FMCSA has set the deadline for public comment for Nov. 2, the day before the 2020 presidential election.

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Business

Pandemic Hastens Shift to Asset-Light Economy

The Wall Street Journal Greg Ip October 8, 2020

The appeal of asset-light could also explain some of the extraordinary value assigned to Tesla Inc. Much of Tesla’s value is in its autonomous driving software, which costs a lot to develop but very little to install, thus yielding fat margins. In a May report, Morgan Stanley said Tesla’s full self-driving package (now an $8,000 option) could account for 6% of sales yet nearly 25% of gross profit by 2025.

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