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The Audit | Friday, October 6, 2023

Your Weekly Audit of Industry News for Friday, October 6, 2023

Shippers & 3PLs


Introducing WWEX Group: Second-Largest Privately Held 3PL Unites Worldwide Express, GlobalTranz And Unishippers

WWEX Group, October 2

‌ Leading third-party logistics (3PL) providers Worldwide Express, GlobalTranz and Unishippers today unveiled a new corporate identity, WWEX Group.


Transportation Markets

September Rates Close Higher Than August


Sept. 25 – Oct 1: Demand for truckload shipments rose as shippers closed the books on Q3. That provided a lift that put the monthly average rates for each trailer type in September above where they had been in August, though most trucking markets are still rolling along the bottom.


Source: DAT Trendlines™

Class 8 Truck Orders Hit Year’s Peak In September

Freight Waves, October 4

Preliminary Class 8 net orders were 36,800 units, up 67% over August, ACT Research reported. Rival analytics firm FTR Transportation Intelligence pegged orders at 31,200. Both numbers fell far short of the record 53,700 orders in September 2022.

U.S. Rail Carload And Intermodal Volumes Are Up, For Week Of September 23, Reports AAR

‌Logistics Management, September 29

United States rail carload and intermodal volumes, for the week ending September 23 saw gains, according to data issued this week by the Association of American Railroads (AAR).

‌LTL Estimates Move Higher Ahead Of Q3 Reports

‌Freight Waves, October 4

‌Analysts are raising earnings expectations for less-than-truckload carriers heading into the third-quarter earnings season. The move follows confirmation that several public carriers were successful onboarding freight put back into the market after Yellow closed its doors.

Economy, E-Commerce & Supply Chain


Third Party Logistics (3PL) Providers Bolster E-Commerce Fulfillment Services

‌Logistics Management, October 1

‌E-commerce fulfillment was already on an upward trend pre-pandemic. But when COVID-19 hit, this highly popular method of shopping accelerated—and by all forecasts will continue its hefty climb. Consequently, e-commerce continues to present new opportunities for third-party logistics (3PLs) providers and remains a strong growth driver for the industry.

‌Is A Manufacturing Supercycle On The Way?

‌Logistics Management, October 3

‌So why are analysts suggesting we are entering a manufacturing supercycle? These analysts and economists are reacting to where investment dollars are going, and now the money is going to U.S. manufacturers, after nearly 30 years of underinvestment.


Transport Technology & Innovation


Port of LA, Long Beach And Shanghai Planning Trans-Pacific Green Shipping Corridor

‌Supply Chain Brain, September 28

The Ports of Los Angeles, Long Beach and Shanghai announced September 22 that they would be working together to create the first-ever Trans-Pacific green shipping corridor (a shipping route that supports zero-carbon emissions vessels and other emissions-reducing programs).

Airbus To Equip Ro-Ro Vessel With Wind-Power Technology

‌Supply Chain Brain, September 29

‌Airbus will equip one of the ro-ro vessels it uses to transport aircraft sub-assemblies with a wind-assisted propulsion technology that captures wind energy to generate thrust and, therefore, delivers savings in fuel consumption and CO2 emissions.


Government, Safety & Labor


ILWU Dockworkers Union’s Sway At West Coast Ports Is Tested In Bankruptcy

‌The Wall Street Journal, October 3

The West Coast dockworkers union’s bankruptcy filing puts a dent in the armor of one of the country’s most powerful labor groups, an organization that includes 22,000 members who handle virtually all U.S. seaborne trade from Seattle to San Diego.

‌Proposed Changes To De Minimis Law Threaten Supply Chains

‌Supply Chain Dive, October 2

‌Congress is considering modifying a century-old law, known as the de minimis treatment, which allows for low-value shipments to enter the country free from duties and taxes, without having to navigate red tape.


‌U.S. Regulators Claim Amazon Used Secret Algorithm To Increase Prices

‌Supply Chain Brain, October 4

‌Amazon used an algorithm code, dubbed “Project Nessie,” to test how much it could raise prices in a way that competitors would emulate, according to redacted portions of the Federal Trade Commission’s (FTC) monopoly lawsuit against the company.

Supplemental Data Sources


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