New research confirms that the current risk mitigating trend in the third-party arena will continue this year. Indeed, eighty-five percent of supply chain managers expect that their outsourcing budget will increase by more than 5% in 2020, according to Gartner, Inc., with a sizeable portion of that aimed at choosing multiple third-party-logistics (3PL) partners. Outsourcing one or
Memphis-based freight transportation and logistics services bellwether FedEx reported lackluster fiscal second quarter results late yesterday. Earnings per share, at $2.51, fell short of Wall Street expectations of $2.78, and revenue, at $17.3 billion, was down roughly 3% annually. Net income, at $560 million, dropped 40% for the same period, and quarterly operating income, at
Banking on superior design and performance parameters when compared with wooden pallets, paper pallets continue to be a strong potential contender holding the future of pallet industry, according to a study from Future Market Insights. Though accounting for a negligible share in the current global pallet market, paper pallet is expected to see a robust
Trend Micro Incorporated, a global provider of cybersecurity solutions, recently announced its complete smart factory security solutions, designed to provide enhanced visibility and protection for embattled industrial control system environments. The solutions will secure across all layers of Industry 4.0, mitigating this growing area of cyber risk to keep operations running by fortification. “In
Various familiar themes led to another quarter of intermodal volume declines, according to data recently issued by the Intermodal Association of North America (IANA). In its quarterly “Market Trends” report, IANA reported that total third quarter volume––at 4,662,488––was off 3.7% annually, marking the fourth consecutive quarter of annual declines after a lengthy stretch of gains
