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Wednesday, May 13, 2020
Logistics Intelligence Brief
Brought to you by the YRCW Family of Companies

Trucking

YRCW Women Leaders Dominate Women in Trucking’s “Top Women to Watch” List

YRCW Press Release May 12, 2020

“I’m proud to recognize YRCW’s 2020 ‘Top Women to Watch’ and value the contributions by each and every one of them across our business,” said Darren Hawkins, CEO. “These leaders continue to add value and to serve in key leadership roles both in our industry and across the company.” Of the 51 “Women to Watch,” 11 of them are YRCW companies’ employees. They are:

  • Heather Allen, Distribution Center Manager
  • Rosie Berkemeier, Director Finance
  • Leah Dawson, Assistant General Counsel and Assistant Secretary
  • Marybeth Mack, Director Accountability, Performance, & Operational Excellence
  • Shelly Moore, VP Technology Services
  • Cheryl Saxton, VP Terminal Network Solutions
  • Ashley Shomin, Assistant Treasurer
  • Sarah Statlander, VP Human Capital & Talent Acquisition
  • Melissa Tomlen, VP Accountability & Performance
  • Stacey VandeVusse, Director Field Human Resources
  • Elaine White, Regional Sales Manager
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YRC presses reorganization amid pandemic, recession

The Journal of Commerce William B. Cassidy May 12, 2020

YRC Worldwide is further integrating its national and regional less-than-truckload (LTL) operations, at least on paper. The company will no longer report separate financial results for its national and regional LTL operations, but offer one consolidated report, as it did Monday for the 2020 first quarter. That’s a recognition the company has four brands, but one network. In an earnings call, Pierson told Wall Street analysts the COVID-19 pandemic is likely to accelerate YRC Worldwide’s transformation into a more streamlined LTL carrier with a denser freight network that better matches shippers with long-haul and regional services. With many customers closed,  “we’re using this low level of activity to accelerate that transformation.” The creation of one is the foundation of our future where we will leverage the power of our national and regional networks to provide faster and more reliable service to our customers,” Pierson said. “Our results reflect that our transformation strategy was really gaining traction and continues to do so,” YRC Worldwide CEO Darren Hawkins said during the earnings call.

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YRC Worldwide Posts Q1 Profit on Reduced Revenue

Transport Topics Jerry Hirsch May 12, 2020

“With states lifting shelter-in-place orders, we are hopeful that we will begin to see some positive sequential moves in the coming weeks, in not months,” Pierson said. Despite the disruption caused by the coronavirus pandemic, YRC continues to make progress converting its five brands into one service network, CEO Darren Hawkins said. “Our vision and strategy is to operate as one company with one network and five very proud brands,” Hawkins said on a May 11 conference call with industry analysts. “The year started out ahead of expectations, and the results reflect that our transformation strategy was really gaining traction and continues to do so,” he said.

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DAT points to a potential bottoming out of truckload spot market in April

Logistics Management Jeff Berman May 12, 2020

In a recent interview, Adamo explained that 2020 is kind of closely following 2017 as a way for DAT to model things off of a prior year, adding that in recent weeks things have fundamentally decoupled from 2017 and shot upward. “The differences between 2017 and 2018, are with 2018 arguably being the high water mark of the decade,” he said. “We are not there yet, but we are maybe halfway there. What we are seeing is that will mainly be driven by load volume. The working thesis is that capacity has not left the market but is being sucked up by large contract truckload shippers and are not using the spot market.”

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Van rates turn the corner but have a long way to go

DAT.com Matt Sullivan May 11, 2020

For the first time since late March, pricing on the top 100 van lanes included more increases than decreases. National load-to-truck ratios for all equipment types are also trending upward, signaling that demand for truckload shipments is returning, as produce season picks up and some states begin to reopen businesses.

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Shippers/3PLs

COVID-19 changed the stakes for e-commerce. Do fulfillment networks need to change too?

Supply Chain Dive Emma Cosgrove May 12, 2020

Some retailers, most prominently Target, discovered before the pandemic that store networks can offer fulfillment optimization opportunities too if digital infrastructure and tools are in place to route orders to them. Since non-essential retailers have had to close their doors, more retailers are warming to the idea — DSW and Levi’s quickly got into gear. "Brands need to get crafty right now to survive and thrive long past our current circumstances. One method we’ve seen especially useful is the use of stores as mini-fulfillment centers," said Radial Chief Commercial Officer Tim Hinckley.

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Amazon picks San Bernardino for western air freight hub

DC Velocity May 12, 2020

E-commerce powerhouse amazon.com inc. has named California’s San Bernardino International Airport as its western air freight hub in a move that is expected to bring thousands of jobs to the former Air Force base when the facility opens in 2021, and to expand Amazon’s shipping might at a time when the global air freight sector is gasping for breath amid Covid-19 travel bans and economic shutdowns. Seattle-based Amazon says the investment will help it provide fast shipping to online shoppers. The site is expected to serve as the company’s western air mail stronghold, complementing its current operations at the Cincinnati/Northern Kentucky Airport, where Amazon is in the midst of building a massive, $1.5 billion expansion that is also expected to open in 2021.

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Half of Simon’s malls to reopen within a week

Retail Dive Daphne Howland May 12, 2020

Simon Property Group on Monday said that 77 of its U.S. retail properties have reopened with certain protocols and limitations to protect customers and employees from the coronavirus. Plans are to open half of the company's U.S. shopping centers within the next week, CEO David Simon told analysts, according to a transcript from Motley Fool.

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Top US Shippers: US electronics importers turn to Mexico

The Journal of Commerce Bill Mongelluzzo May 12, 2020

A doubling of US electronics imports from Mexico last year bodes well for growing investment in cross-border production of laptop computers, television sets, and servers as the industry responds to tariffs on imports from China and the impact of the COVID-19 crisis. US imports of electronics from China dropped 4.5 percent year over year in 2019, while imports from Mexico surged 112 percent, according to PIERS, a sister product of JOC.com within IHS Markit.

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Industry

‘Great Dispersal’ to upend intermodal rail supply chains

The Journal of Commerce Lawrence Gross May 11, 2020

Forces have been set in motion that will slowly but inexorably change the status quo in myriad ways. One of the more significant changes will be a great dispersal insofar as where freight is coming from and where it is going. This will cause changes across the economic spectrum, and intermodal will not be immune. The current intermodal focus on running the simplest possible network of the largest trains will also need to change in the years to come in order to adapt to this new reality. Redundancies will become routine In a broader sense, the pandemic crisis will cause an examination of the wisdom of maintaining “just-in-time” international supply chains. Lowest delivered cost will still be important, but it won’t be the only consideration. At a minimum, safety stocks or redundancy will be beefed up. For strategic or key commodities, having a core or backup capability located domestically or close at hand will be more common. Diversification in sourcing, routing, and distribution will be a basic requirement.

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POLA and POLB April volumes remain down but show some signs of improvement

Logistics Management Jeff Berman May 12, 2020

“Given the unique circumstances of a trade war and pandemic, April volumes are better than expected,” said POLA Executive Director Gene Seroka in a statement.. “As we move deeper into the remainder of the second quarter, we’re forecasting significantly lower volumes, particularly on the import side. There are at least 28 voided vessel sailings. Retailer orders are soft as consumer purchasing and confidence has dropped precipitously.”

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April Class 8 Sales Fall by Nearly 50%

Transport Topics Roger Gilroy May 12, 2020

Sales fell to 12,637 compared with 24,024 a year earlier, according to Wards. Freightliner, a brand of Daimler Trucks North America, retained its lead with a 34.1% share even as its sales dropped 47.4%. But no other truck brand cleared a 20% share. The two with the second and third highest shares, Kenworth at 18.1% and International with 15.5%, were separated by only 2.6 percentage points.

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Government/Safety

CVSA’s 2020 Operation Safe Driver Week to Go On as Scheduled July 12-18

Transport Topics Eric Miller May 12, 2020

The Commercial Vehicle Safety Alliance’s 2020 Operation Safe Driver Week will go on as scheduled July 12-18, the trade association representing roadside inspectors announced May 12. During the weeklong traffic enforcement safety initiative, law enforcement personnel throughout North America will be looking for drivers who are engaging in unsafe driving behaviors on the nation’s roadways, CVSA said. Drivers identified displaying unsafe driving will be pulled over by law enforcement and may be issued a warning or citation. This year’s Safe Driver Week will focus on speeding, which CVSA said has been increasing in recent months with highway traffic significantly declined due to the COVID-19 pandemic.

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Workforce

Uber Freight partnership gives rideshare drivers entry to a challenging open market

Transport Dive S.L. Fuller May 12, 2020

Through the partnership, CDL holders who drive for Uber's flagship service can become leased-on drivers with CloudTrucks, according to the announcement. Drivers would have access to the CloudTrucks app, which searches and books loads from freight brokers, including Uber Freight. Drivers who don't have equipment can lease a tractor and trailer from Coop; CloudTrucks would handle the deposit.

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