@TheBestBizzShow @FreightAlley Carriers are now rejecting 8% contracted loads tendered their way compared to 20% a few months ago 📉...A good example of how much leverage has been lost as sales drop & inventory levels rise.
Walmart inventory YoY is a 32% increase
"I think what you're going to see at Walmart is they are going to do tons of mark-downs this summer.. It's expensive when it comes to storage for this excess capacity." - @JuliaLaRoche
@FreightAlley Wonder what portion of the decline might be from a shift to other ports and/or suppliers. Companies seemed to talk a lot about diversifying the supply chain after feeling the COVID crunch…ie Yeti moving from LAX to TX ports.
Shareholders rejoice as EPS increases, but, gotta feel for the customer/consumer paying more to help generate those record profits...Doubt that there will be discounts passed back as market conditions start to soften 🤷♂️🤷♂️
https://t.co/mrFruMlLZ3 via @freightwaves
Carriers are getting creative with how to pass along "fees" to customers as they focus on profitability...
✅How long since your last shipping audit?
✅How well do you understand your shipping profile?
✅Are you prepared to change carriers if you find the right fit?
Some positive outlook, but wonder how/if this sentiment will change in the coming weeks as leading indicators slide (i.e. port volumes, consumer sentiment & spending, etc)...
No economic ‘hurricane’ on horizon, XPO executives say https://t.co/JQnAD12sHB via @freightwaves
The 5.9% GRI from FedEx & UPS doesn't accurately portray real impact on #SMB#ecommerce ... FedEx Ground Economy customers are expected to feel the most pressure w/ avg cost increases of 25%+ by end of 2022 📈
Now is the time to negotiate 🤝
🚨6.5% rate hike coming starting August 1st USPS 1st Class Customers🚨
Not surprising to hear the post office building in rate hikes as they aim to improve delivery standards + rising costs.
The average buyer tracks their order ~6 times from checkout ➡️ delivery...I'd say that proactive tracking info is required for a positive customer experience nowadays.
How Does Shipment Tracking Impact Consumer Experience? via @PARCELmedia https://t.co/liZ0r0zedc
@MatznerJon@stephenolmon@WhatRuns@etailinsights are two more worth adding to that list! Depending on the integrations you are looking for, one (or all) of these will give a good head start in discovery.
@Unishippers & its partners are investing heavily to become the next leader in 3PL technology.
With great technology, it’s easier to connect logistics to other operations and management, so there’s greater collaboration and less expensive mix-ups for #SMBs 🤝
DYK: The #USPS has cut the number of collection boxes by ~65% since 2015 & cannot accept packages weighing more than 10oz or more than 1/2" in thickness.
Now exceeding $5.70/gallon nationwide, carriers will continue to look for ways to pass along rising costs to their customers 🤬🤬
If you're a #SMB and havent talked to a 3PL about how to better insulate yourself from rising fuel (& other) costs, you are behind the 🎱
Per @FreightWaves: The avg spot cost to move a container from China➡️US-West Coast has now dropped ~30% since earlier months in 2022 (ie now $9500 down from $15k in Jan-April)...BUT....that cost still remains ~55% higher YoY (ie now $9500 compared to $6200 in June 2021).
Trying to change the game of how college coaches & programs set their athletes up for future success...So much opportunity out there to find the right "clubhouse" as people enter the working world, but so many challenges stand in the way. #HelpMeHelpYou
https://t.co/2fM2NeKr35
@antnunes3 Solid day! Not sure how you are shipping all these orders out, but if you want to shoot me a DM to connect, I may be able to provide some additional shipping discounts and help put even more 💵 back into inventory. 🚀🚀🚀