The national average price of retail diesel eked out a small increase effective Monday, rising 0.2 cents per gallon to the highest level since November 2018. The Department of Energy/Energy Information Administration published the price Tuesday, though it was listed…
Freight broker Landstar System (NASDAQ: LSTR) lifted second-quarter guidance ahead of an appearance at an investor conference on Tuesday. The company now expects revenue and earnings per share to be “slightly above” the high end of its previous guidance ranges…
Welcome to the WHAT THE TRUCK?!? newsletter. In this issue, new Nintendo Switch, old chip problems; another vessel stuck in Suez; fake coronavirus cures; and more. Super Nintendo Switch Twitter Insert quarter — Last week, Nintendo made the video game…
U.S. companies will spend 6.4% more on raw or processed materials in the second quarter than they did in the first quarter, according to American Express Co.’s (NYSE:AXP) first-ever survey of global business-to-business (B2B) expenditures. The survey, conducted across six…
This is an excerpt from Medically Necessary, a health care supply chain newsletter. Subscribe here. The request: The Food and Drug Administration is asking Congress for a $6.5 billion budget, an 8% increase over the previous year. The new budget request…
The deepening and widening of Norfolk Harbor at the Port of Virginia was for the first time included in a federal budget with $83.7 million that will help ensure the project remains on course for completion in 2024. The project…
The intersection of cryptocurrencies and payments is spawning a new breed of companies centered around “stablecoins.” And for companies in this space, there is a lot of potential money to be made and plenty of investors willing to help. Circle,…
Transportation capacity diminished further in May, according to a supply chain survey. The capacity subindex of the Logistics Managers’ Index fell 50 basis points from April to 32.7%, “indicating continued downward pressure,” the Tuesday report read. The LMI is a…
This podcast is sponsored by Surge Transportation. Surge Transportation is the fastest growing 3PL in the logistics space today. Based in Chicago and Jacksonville, they offer unrestricted access to almost all accounts, limitless territory, and a chance to be a…
Supply chains around the world are about to experience another hiccup. Yantian, serving 100 ships weekly as one of the busiest ports in the world, has been partially shut for the past week because of a COVID-19 outbreak. Given that…
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