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Logistics Intelligence Brief
Thursday, September 15, 2022

Trucking

8 Stories About Heroes for Truck Driver Appreciation Week

The Extra Mile@Yellow Corporation Stephen Roth September 9, 2022

Whether it’s rescuing a fellow motorist or helping others in need, these are just a few examples of how Yellow drivers perform heroically on the road.
As we all know, the road can be dangerous and unpredictable. That’s especially true when your job is to operate a vehicle that can weigh as much as 40 tons when fully loaded.
At Yellow, we hire and train the best possible professionals to drive our trucks. Being a truck driver means meticulous attention to detail, problem solving and the confidence to control heavy equipment. It also involves a firm understanding of the rules of the road – being in the driver’s seat of a tractor-trailer provides a different perspective of what’s happening on the highway and a responsibility to share the road safely with other motorists.
In our opinion, these are not only excellent truck drivers, they’re also great people. You might even call them heroes. The kind of professionals who wouldn’t think twice to help someone out, even if that meant putting their own health and safety at risk.
In recognition of National Truck Driver Appreciation Week, this year we’re sharing eight stories over the past year in which our professional drivers went well above and beyond their regular duties to help others in need. These are their stories.

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Industry

Tentative deal reached to avert US rail strike: White House

Journal Of Commerce September 15, 2022

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“These rail workers will get better pay, improved working conditions, and peace of mind around their health care costs: all hard-earned,” Biden said. “The agreement is also a victory for railway companies who will be able to retain and recruit more workers for an industry that will continue to be part of the backbone of the American economy for decades to come.”
News of the tentative deal comes after a marathon negotiating session was held all Wednesday and into Thursday at the Department of Labor, with Labor Secretary Marty Walsh hosting leadership from railroads and the unions.
A Presidential Emergency Board (PEB) that was created in July recommended a 22 percent wage increase covering 2020 through 2024 and a total of $5,000 in bonus payments for workers. But sources had told JOC.com that work conditions and lifestyle concerns, rather than compensation, were the main obstacle to a deal.

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U.S. Railroad Strike Averted as Tentative Deal Is Reached

The Wall Street Journal Ken Thomas September 15, 2022

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Labor Secretary Marty Walsh, who had been meeting with the representatives, applauded the agreement on Twitter. “Moments ago, following more than 20 consecutive hours of negotiations at @USDOL, the rail companies and union negotiators came to a tentative agreement that balances the needs of workers, businesses, and our nation’s economy,” he wrote.

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Class 8 Sales in August Climb to Year’s Best

Transport Topics Roger Gilroy September 14, 2022

Class 8 U.S. retail sales in August reached their high point for the year, clearing 23,000 for a 29.7% increase compared with a year earlier, Wards Intelligence reported.
The month’s tally reached 23,581 compared with 18,176 in the 2021 period.

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Equipment outlook: Analysts differ on whether the industry will see relief in 2023

Transport Dive David Taube September 14, 2022

Depending on one’s perspective, future Class 8 trucks and trailer production could see relief in 2023 — or be further constrained by a recession.
Forecaster Don Ake and analyst Jeffrey Kauffman gave differing viewpoints for how equipment orders could play out this year and beyond, while speaking Tuesday for the annual FTR Transportation Conference.
Ake, FTR’s vice president for commercial vehicles, projected that North American Class 8 truck factory shipments will increase from 296,000 for this year to 320,000 for next year amid pent-up demand.
Ake estimates that carriers are seeking to replace 65,000 trucks. He said that’s slated to happen despite what happens with the economy — unless conditions become really severe.
Related: Fleet Owner The struggle continues for truck, trailer OEMs to manage fleet demand

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Structural support erodes for record ocean rates: analyst

The Journal Of Commerce Lars Jensen September 14, 2022

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More capacity to come
Looking at the coming months we will see even more capacity put into the market. The reason is the gradual global improvement of bottleneck problems. Bottlenecks were at their worst in January 2022 and have improved each month since then. They are clearly not resolved, but every month there is a gradual improvement means more effective capacity is added back into the market. This means there is a very limited likelihood now of renewed support for the extremely high rates. A potential rail strike in the US and West Coast labor uncertainty will only serve to temporarily slow the decline but will not structurally alter the downwards course.

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Air cargo volumes continue dip, but ‘seller’s market’ may soon return: Clive

Supply Chain Dive Max Garland September 14, 2022

• Air cargo volumes in August fell 5% YoY, extending a streak of reduced demand as global supply chain disruptions, inflation and excess inventory in the U.S. continue to disrupt the market, according to a news release from Clive Data Services last week.
• However, August’s volume drop was softer than the YoY declines seen in June (8%) and July (9%). This could be an early sign of volumes and spot rates — which hit their lowest point since September 2021 — picking up again as peak season nears, said Niall van de Wouw, chief airfreight officer at Clive parent company Xeneta, in a statement.

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Shippers/3PLs

Kimberly-Clark appoints former 3M exec as chief supply chain officer

Supply Chain Dive Alejandra Salgado September 14, 2022

Kimberly-Clark tapped former 3M executive Tamera Fenske to be the CPG’s chief supply chain officer effective Sept. 19, according to a press release.
In her new executive role, Fenske will help manage global procurement, manufacturing, logistics, transportation, safety, and sustainability. She will also have responsibilities within the company’s global nonwoven division.
Fenske previously served as senior vice president of manufacturing and supply for 3M, managing the industrial conglomerate’s end-to-end supply chain.

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Government/Safety/Sustainability

Inspectors Remove 12,456 CMVs, 3,714 Drivers During Roadcheck

Transport Topics Eric Miller September 14, 2022

Commercial vehicle inspectors conducted more than 59,000 inspections during the three-day 2022 International Roadcheck event, placing 12,456 vehicles and 3,714 drivers out of service, the Commercial Vehicle Safety Alliance reported Sept. 13.
From May 17-19, CVSA-certified inspectors in Canada and the U.S. conducted 36,555 Level I Inspections, and inspectors in Mexico conducted 1,150 Level V Inspections, for a combined total of 37,705 Level I and V Inspections. They placed 8,718 vehicles out of service, which is a 23.1% vehicle out-of-service rate for North America.
Link: CVSA 2022 International Roadcheck Results

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Business

Manage Your Customer Portfolio for Maximum Lifetime Value

MIT Sloan Management Review Fred Selnes And Michael D. Johnson September 13, 2022

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Growing a company’s customer portfolio requires continual investments across a range of weaker to stronger relationships. Our updated CPLV model shows that a clear understanding of when and how much to invest in, leverage, and defend different customer relationships is an essential determinant of both current and future revenues and costs.
Most companies lack a basis for developing this understanding. Business leaders seeking to optimally manage the ecosystem of customer relationships face a complex problem — and for most, de facto CPM practices are more likely to focus myopically on either current sales or their most valuable customers. However, our model shows that what’s really required is to integrate multiple dimensions (not just scale, but also variances in customers’ needs and wants) and tactics (relationship conversion, leverage, and defense) across the whole customer portfolio.

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