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Transport in 2018: the year that ELDs, the economy and the driver squeeze all came together

Transport in 2018: the year that ELDs, the economy and the driver squeeze all came together-Forwardernews.com

We didn’t choose a number one story, and we didn’t even make it a top 10; we’ve got 11 here. As we go into 2019 from 2018, here’s a look back at some of the stories that made the biggest splash in the year about to end.

2018: a strong, unusual year for freight markets

FedEx plans buyouts after weak international 2Q shipping

FedEx plans buyouts after weak international 2Q shipping-Forwardernews

The Memphis, Tennessee-based company said it had a fiscal second-quarter profit of $935 million, or $3.51 per share. That's up $775 million, or $2.84 per share, a year ago.
But the 11 analysts surveyed by Zacks Investment Research were expecting earnings of $4.05 per share. FedEx said that if one-time costs are excluded, its quarterly profit per share would have been $4.03.
"While the U.S. economy remains solid, our international business weakened during the quarter, especially in Europe," said FedEx chairman and CEO Fred Smith. "We are taking action to mitigate the impact of this trend through new cost-reduction initiatives."

U.S. and China 'have much to lose' if trade fight not sorted out, DHL Group says

U.S. and China 'have much to lose' if trade fight not sorted out, DHL Group says - ForwarderNews.com

The trade outlooks for the U.S. and China are positive but slowing as tariffs and other disputes plague the two countries, says DP DHL Group (Xetra: DPW).
As the world’s largest forwarder by volume, the Bonn-based company has good visibility into the world’s freight volumes. And it makes that view the public through its “global trade barometer,” an index of air and ocean freight moving in and out of the world’s largest economies.
Tim Scharwath, chief executive of DHL Global Forwarding and Freight, says the most recent index reading shows, “we are still growing in trade. However, it has slowed down a bit.”

UK freight forwarders association expresses surprise at the recent news on the UK Government’s plans for Customs

UK freight forwarders association expresses surprise at the recent news on the UK Government’s plans for Customs-Forwardernews

Robert Keen, Director General of the British International Freight Association (BIFA) says that in light of the significance of such news on the work undertaken by BIFA member companies, he was surprised that they have learned about it from a national newspaper, rather than through an official announcement.
“BIFA has had many meetings with both HM Treasury and HMRC in which we highlighted our concerns regarding the capability of the Customs brokerage sector to increase capacity.
“We have explained that the sector already faces a massive shortage of staff of suitable quality.

THE FOUR-POINT ACTION PLAN FOR RETAILERS TO GROW INTERNATIONALLY

THE FOUR-POINT ACTION PLAN FOR RETAILERS TO GROW INTERNATIONALLY-Forwardernews

Due to globalization, the world of e-commerce is moving away from the western world, with 84% of e-commerce sales now coming from outside the US and Europe. The tariffs, borders, and duties that Brexit will enforce across the EU will make trading more challenging and less profitable for UK-based retailers, which is why it’s important that businesses differentiate their income revenues and start to build an action plan for expansion; to tap into these booming, emerging marketplaces.
GFS offers a practical, four-point action plan for delivery to help retailers mitigate the risk of Brexit and accelerate international e-commerce growth.

Jarrett Logistics Systems named among nation’s fastest-growing private companies

Jarrett Logistics Systems named among nation’s fastest-growing private companies-Forwardernews

JLS, which specializes in managing supply chains, came in at number 4,115 on the 37th annual list. According to the news release, only seven other companies have made the list as many times as JLS has. The company said the distinction is “the most prestigious ranking” of high-growth private companies, and the list highlights the most successful small and mid-sized businesses in the country. 
W. Michael Jarrett, president of JLS, said the company will continue to grow by sticking with the values that have brought it this far. 

How logistics changed Middle East's stature

How logistics changed Middle East's stature-Forwardernews

Some of the most urbanized cities such as Dubai, Abu Dhabi, Riyadh, and Jeddah, among others, have grown rapidly due to a well-developed logistics ecosystem. Any developing country has to take its logistics system seriously and the GCC was always a step ahead since it plays a major role in the economy of countries in the region.
If we just look into land transportation, which is approximately a $9 billion market in the GCC, the development of superior road networks, infrastructure and customs along with government regulations to make possible seamless movement across the borders have been instrumental in the urbanization of many of these countries. The long and well-developed road networks have ensured a smooth ride when these heavy cargos are being transported.

European Freight Management System Market Analysis & Forecasts 2018-2024

European Freight Management System Market Analysis & Forecasts 2018-2024-Forwardernews

The Europe Freight Management System Market size is expected to grow at a market growth of 11.7% CAGR during the forecast period.

Biggest logistics hub in PH opens in Bulacan

Biggest logistics hub in PH opens in Bulacan-Forwardernews

National Economic and Development Authority Director General Ernesto Pernia led the opening of the P2-billion hub seen to make Plaridel Bypass a center of cargo movement and depot.
Michael Raeuber, Royal Cargo Group chief executive officer, said the logistics hub is located in a 6.6-hectare land and has 12,760 square meters cold chain facility, 1.7-hectare container freight station, 8,000 square meters dry house and its own water treatment facility.
Its cold storage warehouse has 14 expansive temperature-controlled rooms, two blast-freezing rooms, the biggest in the Philippines, aside from an 800 square meter food processing area and 18 loading bays, two of which are for Halal cargo.

6 Ways to Grow Your Logistics Business as an Entrepreneur

6 Ways to Grow Your Logistics Business as an Entrepreneur-Forwardernews

The good news came up with World Bank’s Logistics Performance Index (LPI) report raking India 35th out of 160 countries. This progress is owed the drastic developments in the logistics industries and changes in government tax policies. Logistics in simple terms can be defined as the supply chain management which is responsible for the flow and storage of goods, services, and related information.

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