Deliver Journal http://deliverjournal.com/ Thu, 11 Aug 2022 02:30:48 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 http://deliverjournal.com/wp-content/uploads/2021/05/deliver-journal-icon-150x150.png Deliver Journal http://deliverjournal.com/ 32 32 USPS Reports Better Third Quarter Fiscal 2022 Results http://deliverjournal.com/usps-reports-better-third-quarter-fiscal-2022-results/ Wed, 10 Aug 2022 16:14:00 +0000 http://deliverjournal.com/usps-reports-better-third-quarter-fiscal-2022-results/

Third-quarter fiscal 2022 results for the United States Postal Service (USPS) saw total revenue post a 1.4% year-over-year increase to $18.741 billion, the organization reported last night. And it posted an adjusted quarterly loss of $459 million compared to an adjusted loss of $41 million for the same quarter last year, while posting a net profit of $59.7 billion, compared to a loss of 3 .0 billion in the second quarter of fiscal year 2021.

The net income gain is due to the enactment of the Postal Service Reform Act, which passed earlier this year and is focused on improving the financial health of the long-beleaguered USPS. A key part of this legislation was to repeal the USPS’s longstanding requirement to prepay future retiree health benefits annually, as well as to cancel all outstanding prepayment obligations.

The Postal Service Reform Act (PSRA) is a key component of the USPS’ 10-year “Delivering for America” ​​strategic plan that was rolled out in March 2021 and focused on financial sustainability and service excellence, to meet the needs customers and businesses. . The plan takes an ambitious approach focused on helping the USPS get on a solid financial footing, as the organization has been in the red for more than 15 years.

Total quarterly volume was essentially flat, down 0.7%, or 201 million items per year, including: marketing mail down 3.5%, or 545 million items, with revenue down up 9.4%, or $324 million; First-class mail volume down 5.1%, or 620 million pieces, with stable revenues; and shipping and packaging volume down 5.0%, or 92 million pieces, with revenue down 1.1%, or $85 million.

USPS officials said a key goal of the Delivering for America plan focuses on meeting or exceeding 95% on-time service for all mail and shipping products “once all elements of the plan are implemented”. And he said it took an average of 2.5 days to deliver mail or a package during the quarter, a 7% improvement from 2.7 days a year ago, with 93.3% of first-class couriers delivered on time, for a 5.4% improvement.

Other key deliverables it has highlighted in the plan include: expanding its parcel handling capacity, improving operating accuracy; and the introduction of USPS Connect, an offering comprised of four distinct features that provide a variety of options to help shippers meet strong consumer demand for affordable and fast local, regional and national deliveries and returns.

“Our strong on-time delivery results and revenue growth this quarter demonstrate that we are making good progress in implementing our Delivering for America plan and becoming the high-performing organization the public expects and deserves. “, Postmaster General and CEO Louis DeJoy said in a statement. . “The one-time non-monetary benefit we experienced from the enactment of postal reform legislation was significant, but also created distortions. The fact is, we have a long way to go and a lot of hard work in our 10-year transformation to ensure the long-term financial sustainability of the Postal Service, but we are confident that we will achieve what we set out to accomplish.

Focus on Shipping and Packages: In its Form 10-Q statement, UPS said segment volume remains above pre-pandemic levels despite the annual decline in volume, due to the surge in trade electronics caused by the pandemic the previous year.

“We believe consumer behavior has changed during the pandemic, and our shipping and parcel volume is not expected to return to pre-pandemic levels as the country has increasingly relied on security and convenience or e-commerce,” the USPS said. “However, the e-commerce boom has continued to wane as the economy recovers. Additionally, competition in the overall market has intensified as some major customers have resumed delivering their volume. from our network and aggressively price their products and services to fill their networks and increase package density.

Quarterly Parcel Services revenue, at $2.334 billion, was down 1.1% year on year, with volume essentially flat, at 874 million pieces.

The USPS said these numbers reflect the high package volumes seen over the past year related to the pandemic and also growing competition in the marketplace. The USPS describes this segment as primarily a last-mile business that bypasses much of its infrastructure and is one of its least expensive flat-rate services.

Jerry Hempstead, President of Hempstead Consulting, explained how, looking at the number of packages, for all major package carriers, the most consistent theme is that packages are down, due to the fact that the pricing environment has emboldened carriers, due to a lack of competition, which translated into revenue gains.

“Fewer packages at higher revenues translate to higher costs for shippers,” he said. “Parcel services in the latest USPS depot demonstrate this. Of particular note is the drop in Parcel Select parcels, which is the service used by Amazon, UPS SurePost, DHL ecommerce and others. “is a signal that the retail consumer economy is slowing. In UPS’s most recent filing, we saw declines in all service categories, both domestic and international.”

Gordon Glazer, principal consultant for San Diego-based parcel consultancy Shipware LLC, said the USPS is riding a wave of good news.

“Congress’s passage of the PSRA, although belated, fundamentally corrected the fiscal imbalance from previous PAEA legislation passed by the 2006 lame duck Congress,” he said. “The ink was not even dry on this legislation when those in the know started calling for changes.

As for USPS volumes, Glazer said they’ve been declining overall over the past two decades, with more profitable first-class mail declining faster than other services while Marketing Mail [formerly Standard] and packages contributed less to overhead.

“So there are fewer pieces of mail per depot and over 1.5 million new delivery points that the USPS has to expand to accommodate each year,” he said. “Another good news is the additional $3 billion for more electric replacement vehicles. It was the right decision at the right time. 95% on-time transit.”

Addressing the Delivery For America plan, Glazer explained that if allowed to be completed this time around, it will result in more efficient processing in fewer large factories with less intra-hub transportation expense.

“When you look at pricing, there are two key areas to cut costs: operations and labor,” he said. “While the focus has been on improving operational efficiency, there is still much to reduce, reducing labor costs through attrition is a low-hanging fruit.”

As the USPS is poised to have a great fourth quarter (calendar), Glazer said rumors are circulating of a new maximum surcharge that may remain in place through next January, coupled with a general rate increase. scheduled for 2023.

“FedEx has already announced sky-high fourth-quarter peak surcharges for its Ground Economy service and PMG DeJoy has indicated its desire to raise USPS prices whenever it can,” Glazer said.

“I remain optimistic that any peak surcharge will be commensurate with actual incremental spend, as they have done for the past couple of years. This penetration type pricing will help drive volumes up throughout the year as shippers would prefer not to make in-season changes.To offset this upward pressure on prices, there are more than a dozen new carrier competitors who will seek any opportunity to grab market share alongside regional carriers. more established and postal consolidators.

About the Author

Jeff Berman, Group News Editor Jeff Berman is Group News Editor for Logistics management, Modern material handlingand Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine where he covers all aspects of the supply chain, logistics, freight forwarding and material handling industries on a daily basis. Contact Jeff Berman

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US works with companies in supply chains to ease port congestion http://deliverjournal.com/us-works-with-companies-in-supply-chains-to-ease-port-congestion/ Wed, 10 Aug 2022 10:04:00 +0000 http://deliverjournal.com/us-works-with-companies-in-supply-chains-to-ease-port-congestion/

Shipping containers are unloaded from a ship at a container terminal at the Port of Long Beach-Port of Los Angeles complex in Los Angeles, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson

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WASHINGTON, Aug 10 (Reuters) – The U.S. Department of Transportation (USDOT) said on Wednesday that a supply chain data-sharing pilot project aimed at reducing bottlenecks at congested U.S. ports has begun to exchange data and had doubled in size.

USDOT announced the planned project in March with truckers, shippers, wholesalers, retailers, and ports “to develop a digital tool that gives businesses insight into the status of a node or region. in the supply chain”.

The effort known as the Freight Logistics Optimization Works (FLOW) program included 18 initial participants, including FedEx (FDX.N), UPS (UPS.N), CH Robinson (CHRW.O), Albertsons (ACI.N) , Target (TGT .N) as well as the ports of Long Beach and Los Angeles and ocean carriers CMA CGM and MSC and Fenix ​​Marine Terminal and Global Container Terminals.

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US Transportation Secretary Pete Buttigieg called the program “the first initiative of its kind to share information and help move goods faster and more cost-effectively”.

The White House said in March that the goal was to create a “proof-of-concept cargo information exchange by the end of the summer.”

The department is holding a meeting on Wednesday to discuss the group’s initial secure data sharing with the USDOT which has now expanded to 36 participants, including logistics giant DHL, part of the Deutsche Post DHL Group (DPWGn.DE ), long-haul trucker JB Hunt (JBHT.O), Maersk (MAERSKb.CO), Samsung (005930.KS), Procter & Gamble (PG.N) and Prologis (PLD.N) at

USDOT said it serves as an “independent manager of supply chain data in a largely private company that spans shipping lines, ports, terminal operators, truckers, railroads, warehouses and owners of beneficial goods”.

Samsung Electronics North America CEO KS Choi said, “Sharing data that enables timely delivery of goods is a work in progress but remains incomplete. Solving this issue will require cooperation with many stakeholders throughout along the supply chain”.

On Monday, the National Retail Federation (NRF) said imports into major U.S. container ports are expected to slow significantly for the rest of the year, but 2022 should still see a net gain from 2021.

“Lower volumes may help reduce congestion at some ports, but others are still seeing backups and the challenges of the global supply chain are far from over,” the NRF said.

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Reporting by David Shepardson; Editing by Robert Birsel

Our standards: The Thomson Reuters Trust Principles.

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Trials underway to mitigate truck-train collisions in NSW http://deliverjournal.com/trials-underway-to-mitigate-truck-train-collisions-in-nsw/ Wed, 10 Aug 2022 01:30:05 +0000 http://deliverjournal.com/trials-underway-to-mitigate-truck-train-collisions-in-nsw/

NSW nationals will test new technology to reduce the risk of level crossing collisions between trains and vehicles in rural areas.

The government will fund trials of innovative signs with LED flashing lights at Narromine and Bribbaree crossings, to improve awareness and safety.

Contracts have been signed with ARCS at Bribbaree and Sage Automation at Narromine to install new crossing signs and detailed design work is currently underway.

Nationals Regional Transport and Roads Minister Sam Farraway said the NSW Government had listened to concerns raised by the community petition led by Maddie Bott, including fiancée Ethan Hunter and work colleague Mark Fenton died in February last year when their B-double collided with a freight. train at Bribbaree, about 70 kilometers northwest of Young.

According to Farraway, 68% of public crossings only use stop and yield signs to warn of the presence of a crossing and the need to stop to look for trains.

“Transport for NSW has developed a new strategic direction to help accelerate improvements at level crossings, which will involve testing the use of new technologies,” he said.

“In addition to this, we have reduced speed limits to 80km per hour at over 50 level crossings in the NSW region as part of the Level Crossing Speed ​​Zone Reduction Scheme.

“We know that many crossing accidents occur where the road speed limit is 100 km per hour or more, so lowering the speed limit gives drivers more time to see the crossing. ahead of them and stop for oncoming trains.”

Heather Neil, Executive Director of the TrackSAFE Foundation, said TrackSAFE welcomed today’s announcement by the NSW Government.

“NSW has thousands of level crossings and new technology will play a big part in improving safety,” she said.

“This week is Rail Safety Week, and we remind travellers, pedestrians, commuters and rail workers that they can all play an active role in rail safety. And we urge the Australian community to stay rail safe.

ARCS Chief Commercial Officer Phil Lock said he was delighted to partner with the New South Wales government and deliver innovative technology to improve the safety of regional communities.

“I look forward to working with the government to develop technology that could potentially save more lives in rural communities,” he said.

Ashby Martin, head of smart cities at SAGE Automation, echoed those sentiments.

“SAGE is passionate about developing new systems to improve road safety in partnership with Transport for NSW and the NSW Government,” he said.

The trial is funded by the Digital Restart Fund and will begin later this year. The data collected will be used to determine the effectiveness of the new technology.

The Narromine trial will assess the effectiveness of a stop sign with LED warning lighting. The Bribbaree trial will also monitor the effectiveness of stop signs with LED warning lights and LED streetlights.

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Alpine County announces service contacts http://deliverjournal.com/alpine-county-announces-service-contacts/ Tue, 09 Aug 2022 18:34:28 +0000 http://deliverjournal.com/alpine-county-announces-service-contacts/

With the Alpine County government essentially split in two by the closure of Highway 89 between Markleeville and Woodfords, Alpine County staff will still be available for service, emergency response and health support public. Here’s how to reach specific departments.

Behavioral health services

40 Diamond Valley Road

Markleeville, CA 96120

530-694-1816

8 a.m. – noon

1 p.m. – 5 p.m.

Monday Friday

Crisis Hotline: 1-800-318-8212

Health and social services

75 Diamond Valley Road. (Woodfords)

Markleeville, California 96120

8 a.m. – noon

1 p.m. – 5 p.m.

Monday Friday

99 Water Street (Markleeville)

Markleeville, CA 96120

8 a.m. – noon

Tuesday and Thursday **Only by appointment**

530-694-2146

Child Protective Services 24 hour crisis hotline 888-755-8099

Public Assistance Program applications (Medi-Cal and CalFresh) can be retrieved from two locations:

75 Diamond Valley Rd., Markleeville Ca, 96120 (Woodfords) – Contact Patty Baker (530) 694-2235

and 99 Water Street., Markleeville, CA 96120. Please ask Lauren Slavik (lslavik@alpinecountyca.gov) in the finance department.

Questions regarding COVID testing or vaccines/reminders – leave a voicemail at 530-694-1011. Testing will be available in Markleeville and Woodfords.

Pantry available at Live Violence Free – call first – 530-694-1853

Crisis Hotline: 1-800-318-8212

Community Development Department (Building, Planning, Public Works)

50 Diamond Valley Road.

Markleeville, California 96120

8 a.m. – 12 p.m.

1 p.m. – 5 p.m.

Monday Friday

530-694-2140

Katheryn Kniceley – Tax and Technical Specialist

kkniceley@alpinecountyca.gov

Tony Creter – Building Manager

tcreter@alpinecountyca.gov

Larry Shoemaker – Planner

lshoemaker@alpinecountyca.gov

Ethan Gray – Deputy Director

egray@alpinecountyca.gov

Sam Booth – Director

sbooth@alpinecountyca.gov

The Department of Finance

40 Diamond Valley Road (Woodfords)

Markleeville, CA 96120

9:00 a.m. – 4:00 p.m.

Monday Friday

530-694-1816

99 Water Street (Markleeville)

Markleeville, California 96120

**Only by appointment**

916-834-6199

Klaus Leitenbauer – Director

kleitenbauer@alpinecountyca.gov

530-694-2284 ext. 134

Debbie Oberlander – Assistant Auditor-Controller

doberlander@alpinecountyca.gov

916-834-6199

Susan Rabbit-Asst. Treasurer tax collector

530-694-2284 ext. 136

slapin@alpinecountyca.gov

Mary Wenner-Dep. Treasures. Tax collector

530-694-2284 ext. 133

mwenner@alpinecountyca.gov

Office of Assessor/Archivist

75 Diamond Valley Road. (Woodfords)

Markleeville, California 96120

9:00 a.m. – 4:00 p.m.

Monday Friday

99 Water Street (Markleeville)

Markleeville, California 96120

9:00 a.m. – 4:00 p.m.

Monday Friday

530-694-2283

Jacob Rasberry – Assessment Technician

jrasberry@alpinecountyca.gov

Jeanette Millar – Auditor Evaluator and Recording Technician

jmillar@alpinecountyca.gov

Steven Sklar – Senior Evaluator

ssklar@alpinecountyca.gov

Donald O’Connor – Assessor/Recorder

doconnor@alpinecountyca.gov

Clerk’s Office

50 Diamond Valley Road. (Woodfords)

Markleeville, California 96120

9:00 a.m. – 4:00 p.m.

Monday Friday

**From 08/15**

99 water street

Markleeville, California 96120

8:00 a.m. – 4:00 p.m.

Monday Friday

530-694-2281

Teola Tremayne – Clerk

ttremayne@alpinecountyca.gov

530-721-5197

PJ Griffin – Deputy Clerk

pgriffin@alpinecountyca.gov

Library, Museum & Archives

Rita Lovell

rlovell@alpinecountyca.gov

530-721-5097

Human resources and risk management

Sarah Simis

ssimis@alpinecountyca.gov

530-694-2287

Probation

Tami Di Salvo

tdisalvo@alpineso.com

530-721-6239

Public information and economic development

JT Chevallier

jchevallier@alpinecountyca.gov

530-721-1339

Emergency services

Alpine County Sheriff’s Office Dispatch: 530-694-2231

CalTrans Travel Conditions: https://dot.ca.gov/travel

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RADIANT LOGISTICS ANNOUNCES NEW $200M SECURE CREDIT FACILITY http://deliverjournal.com/radiant-logistics-announces-new-200m-secure-credit-facility/ Mon, 08 Aug 2022 20:05:00 +0000 http://deliverjournal.com/radiant-logistics-announces-new-200m-secure-credit-facility/

RENTON, Wash., August 8, 2022 /PRNewswire/ — Radiant Logistics, Inc. (the “Company”) (NYSE American: RLGT) today announced that it has obtained a new $200.0 million syndicated secured revolving credit facility (the “Secure Facility”) to replace its $150.0 million rotating facility. The Secured Facility enhances the Company’s financial flexibility, providing increased capacity to fund future acquisitions, capital expenditures or other corporate purposes, including, if warranted at the time, buyout ordinary shares of the company.

BofA Securities, Inc. acted as joint bookrunner and lead arranger for the syndicated credit facility. Bank of Montreal acted as lender, co-lead arranger and syndication agent. MUFG Union Bank, NA acted as lender and co-documentation agent. Keybank National Association acted as lender and co-documentation agent. Bank of America, NA, and Washington Federal Bank, National Association also acted as lenders. Bank of America, NA will also serve as administrative agent.

Under the new secured facility, the Company can borrow up to $200 million, subject to compliance with the usual financial hedging ratios and covenants. Included in the secure installation is an accordion feature for an additional charge $75 million to support future acquisition opportunities. Borrowings under the Secured Facility bear interest at either the lenders’ base rate plus 0.50% or SOFR plus 1.40%, and may then be adjusted based on the Company’s consolidated net leverage ratio, either at the lenders’ base rate plus 0.50% to 1.50% or SOFR plus 1.40% to 2.40%.

The secured facility has a term of five years and is secured by the accounts receivable and other assets of the Company and its subsidiaries. For general borrowings under the Secured Facility, the Company is subject to a maximum consolidated net leverage ratio of 3.0x and a minimum consolidated interest coverage ratio of 1.0x. Minimum availability requirements and additional financial covenants apply in the event that the Company seeks to use advances under the secured facility to pursue acquisitions or repurchase its common stock. Under the Secured Facility, from March 31, 2022the Company had a consolidated net leverage ratio of 1.0x and a consolidated interest coverage ratio of 24.4x.

Concurrent with entering into a new secured facility, the Company also amended the term loans held by its Canadian lender, Fiera Private Debt Funds IV and V (formerly known as Integrated Private Debt Funds IV and V), to to make financial and other commitments with those contained in the new secure facility. The collateral securing these term loans remains at par with the assets securing the new secured facility.

“We are very pleased to announce our new $200 million Secured Facility and appreciate the strong support and confidence of our banking group,” said Bohn Crain, Founder and CEO of the Company. “The new secured facility gives us access to additional capital at low cost and greater financial flexibility as we seek to maximize long-term shareholder value through a combination of organic growth and strategic acquisitions as well as repurchase opportunities for our common stock.”

Crain continued, “We remain encouraged by our continued strong financial performance and the fact that we have now announced a record $69.5 million in adjusted EBITDA on $1.3 billion turnover for the last twelve months ended March 31, 2022. It should also be noted that we achieved these results while maintaining very low leverage on our balance sheet and we believe we are very well positioned with easy access to capital to begin our push towards the next $1 billion milestone. . »

About Radiant Logistics, Inc.

Radiant Logistics, Inc. (www.radiantdelivers.com) is a third-party, multimodal transportation and logistics services company that provides advanced supply chain solutions through a network of company-owned locations and strategic operating partners in through North America. Through its comprehensive service offerings, the Company provides domestic and international freight forwarding services, road and rail brokerage services and other value-added supply chain management services, including brokerage customs, order fulfillment, inventory management and warehousing to a diverse customer base including manufacturers, distributors and retailers using a network of independent carriers and international agents strategically positioned around the world.

This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ materially from management’s expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks relating to: trends in the national and global economy; our ability to attract new agency relationships and retain existing agency relationships; acquisitions and integration of acquired entities; the availability of capital to support our acquisition strategy; our ability to meet financial covenants under our outstanding indebtedness; our ability to maintain and improve back office infrastructure and transportation and accounting information systems sufficient to service our revenues and network of operating sites; our ability to maintain and grow our revenues and operating margins in a manner consistent with recent operating results and trends; our ability to maintain positive relationships with our third-party transportation providers, suppliers and customers; the results of legal proceedings; competition; growth management; potential fluctuations in operating results; and government regulations. More information about factors that could affect our financial results is included in Radiant Logistics, Inc.’s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and filings filed later.

Use of the Product under the Guaranteed Facility described above reflects possible uses and does not constitute a guarantee of how the Product will be used, if at all. Any use of proceeds by the Company will be subject to, among other things, applicable conditions: industry conditions, competitive environment, operational performance, financial covenants under any outstanding debt, contractual restrictions and regulatory requirements.

SOURCE Radiant Logistics, Inc.

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Air Cargo Pallet Market 2022 is Growing Globally http://deliverjournal.com/air-cargo-pallet-market-2022-is-growing-globally/ Mon, 08 Aug 2022 10:25:45 +0000 http://deliverjournal.com/air-cargo-pallet-market-2022-is-growing-globally/

New Jersey, United States, -The report presented here is a comprehensive account that includes in-depth analysis and forecast of the global Air Cargo Pallet market. The forecast period considered for this research study is 2022-2029, and the review period is 2020-2026. To ensure the highest level of accuracy of the data provided in the report, our analysts have carried out a thorough verification and re-verification process using reliable sources and tools. The report provides an in-depth and unbiased assessment of the global Air Cargo Pallets market, considering market competition, regional growth, key sectors, and other important aspects. This includes specific market facts, figures, and statistics related to revenue, production, consumption, annual average, market share, and other factors.

The competitive analysis provided in the Air Cargo Pallet report helps players improve their business strategy or create new strategies that can be applied to current or future market conditions. The report provides strong recommendations to help players consolidate a strong position in the global Air Cargo Pallets market. Its main conclusions can be used to prepare future missions in advance. Each segment is thoroughly analyzed based on various factors such as Air Cargo Pallets market share, CAGR, and revenue. Additionally, all regional markets are studied thoroughly, allowing players to identify key growth opportunities across different regions and countries.

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Competitive landscape

The report studies the Air Cargo Pallets market size by player, region, product type and end industry, history data 2014-2018 and forecast data 2019-2025; the report also studies the global market competitive environment, market drivers and trends, opportunities and challenges, risks and barriers to entry, sales channels, distributors and carriers.

Key Players of the Air Cargo Pallet Market are:

  • NORDISK AVIATION PRODUCTS
  • PALNET
  • Saffron
  • DOKASCH
  • VRR AVIATION
  • SATCO
  • TAIWAN FYLIN INDUSTRIAL
  • VIKING TRAILERS INTERNATIONAL

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Air Cargo Pallet market is split by Type and by Application. For the period 2021-2028, Intersegment Growth provides accurate calculations and forecasts of sales by Type and Application in terms of volume and value. This analysis can help you grow your business by targeting qualified niche markets.

Global Air Cargo Pallets Market Segment By Type:

  • Main deck pallet
  • Lower deck pallet

Global Air Cargo Pallets Market Segment By Application:

  • Civil airports
  • Military/federal government airports
  • Private airports

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Scope of the Air Cargo Pallets Market Report

ATTRIBUTES DETAILS
ESTIMATED YEAR 2022
YEAR OF REFERENCE 2021
FORECAST YEAR 2029
HISTORICAL YEAR 2020
UNITY Value (million USD/billion)
SECTORS COVERED Types, applications, end users, and more.
REPORT COVER Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.

Regional analysis:

European market (Germany, UK, France, Russia, Italy)

East-Central and Africa Market (Saudi Arabia, United Arab Emirates, Egypt, Nigeria, South Africa)

South America market (Brazil, Argentina, Colombia)

North American market (United States, Canada, Mexico)

Asia-Pacific market (China, Japan, Korea, India, Southeast Asia)

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A woman and her one-year-old son crushed to death by a speeding truck in Ludhiana http://deliverjournal.com/a-woman-and-her-one-year-old-son-crushed-to-death-by-a-speeding-truck-in-ludhiana/ Sun, 07 Aug 2022 20:07:57 +0000 http://deliverjournal.com/a-woman-and-her-one-year-old-son-crushed-to-death-by-a-speeding-truck-in-ludhiana/

A 23-year-old woman and her one-year-old son died in a traffic accident after a speeding truck hit the electric rickshaw they were traveling on near Transport Nagar on Sunday afternoon .

The victims, Nisha, 23, from EWS Colony, Chandigarh road and her one-year-old son, Sahib, were on their way to the doctor. The woman’s sister, Meenu, who accompanied the duo, was also slightly injured in the accident. The driver of the electric rickshaw escaped unscathed.

Residents managed to apprehend the truck driver, who was later handed over to police, before he allegedly attempted to flee the scene. Police registered a case against the accused, Raj Kumar, a resident of Rajasthan and seized the truck involved in the accident.

Meenu said the one-year-old victim was suffering from a cold, adding that the trio were on their way to a pediatrician on the electric rickshaw when the high-speed truck hit them near the Delhi road , close to Transport Nagar.

Recalling the accident, she said that while she herself fell to the side of the road and suffered minor injuries, the truck overturned Nisha and her sahib. She added that the driver tried to escape from the place but was caught by locals – who alleged he was intoxicated. She then informed Nisha’s husband, Sumit, as well as the police.

Inspector Kulwant Singh, Station Chief at Moti Nagar Police Station, said a case under Sections 279 (), 304-A (), 337 () and 427 () of the Indian Penal Code was filed against the accused.

The SHO added that police will conduct a medical examination of the driver to determine if he was intoxicated at the time of the incident.

The victim had turned 1 on July 27

Sahib, the one-year-old victim, was the first child of Sumit and Nisha, who got married two years ago. Meenu said the couple celebrated their son’s first birthday with a gathering of friends and family just 10 days ago on July 27, adding that they had also already started saving money for his studies and his future.

An inconsolable Sunit, meanwhile, said he offered to take half a day off and take Sahib to the doctor, but his wife insisted that she take him to the hospital herself. hospital.

Four injured in car crash with stationary truck

Four members of a family were injured after their car hit a stationary truck during an overflight near Cheema Chowk on Sunday afternoon. The truck driver fled after the incident.

Police removed the vehicles and opened an investigation into the incident.

The victims, Kanwaljit Singh, his wife Ashmeet Kaur, his father Harmeet Singh and his mother Rajinder Kaur, were rushed to hospital. Kanwaljit Singh was in critical condition. Rinku Gill, an eyewitness, said the truck driver parked his vehicle, which appeared to be broken down, on the road and the driver of the car, not noticing, rammed into it.

Investigator ASI Kulwant Singh said police seized the truck. An FIR will be filed against the truck driver after the victim impact statement is filed.

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Demand for grocery delivery declines as cost of food rises http://deliverjournal.com/demand-for-grocery-delivery-declines-as-cost-of-food-rises/ Sun, 07 Aug 2022 13:58:10 +0000 http://deliverjournal.com/demand-for-grocery-delivery-declines-as-cost-of-food-rises/

Karen Raschke, a retired New York lawyer, started getting her groceries delivered at the start of the pandemic. Each delivery was $30 in fees and tip, but it was worth avoiding the store.

Earlier this spring, Raschke learned that his rent was increasing by $617 per month. Delivery was one of the first things she cut from her budget. Now the 75-year-old walks four blocks to get groceries several times a week. She only uses delivery on rare occasions, such as a recent heat wave.

“Doing it every week is not sustainable,” she said.

Raschke is not alone. US demand for grocery delivery is declining as prices for food and other necessities rise. Some are turning to pickup – a cheaper alternative where shoppers stop at the curb or enter the store to collect their already bagged groceries – while others say they are comfortable doing the shopping. races themselves.

Grocery delivery saw phenomenal growth in the first year of the pandemic. In August 2019 — a typical pre-pandemic month — Americans spent $500 million on grocery delivery. As of June 2020, it had reached $3.4 billion, according to Brick Meets Click, a market research firm.

Companies rushed to meet this demand. DoorDash and Uber Eats have started offering grocery delivery. Kroger, the nation’s largest grocer, opened automated warehouses to fulfill packing slips. Amazon has opened a handful of Amazon Fresh grocery stores, which offer free delivery to Prime members. Super-fast grocery delivery companies like Jokr and Buyk have sprung up in American cities.

But as the pandemic subsided, demand faltered. In June 2022, Americans spent $2.5 billion on grocery delivery, down 26% from 2020. By comparison, they spent $3.4 billion on grocery pickup , which saw demand fall 10.5% from its pandemic highs.

This is causing a stir in the industry. Buyk filed for bankruptcy in March; Jokr withdrew from the United States in June. Instacart – the US grocery delivery market leader – slashed its own valuation by 40% to $24 billion in March ahead of a possible IPO. Kroger said its digital sales — which include pickup and delivery — fell 6% in the first quarter of this year.

Some believe that delivery demand could drop further. Chase Design, a consulting firm, says its surveys show the number of U.S. shoppers who plan to use grocery delivery “all the time” has halved since 2021.

Cost is the main reason. Peter Cloutier, head of growth and business strategy at Chase Design, said it’s hard to get groceries delivered to a customer’s doorstep for less than a $10 premium, which covers labor. work and transportation. Often this cost is higher.

Consider a basket of eight Target staples, including a gallon of milk, a dozen eggs, and a pound of ground beef. In store, the order would ring in at $35.12. Target offers free curbside pickup. Delivery costs $9.99, not including tip.

DoorDash also offers delivery from Target, but it charges more for each item on its website. The cart rings in at $39.90 from DoorDash, which then adds $12.18 in taxes and shipping. If the consumer adds a $10 tip, that totals $62.08.

DoorDash and Target both offer free shipping through subscriptions, but these come with monthly or annual fees.

The bonuses are hard to swallow on top of soaring food prices. In June, U.S. grocery food prices rose 12.2% over the past 12 months, the biggest increase since April 1979, according to government data.

Cynthia Carrasco White, an attorney for a nonprofit in Los Angeles, has grown accustomed to grocery delivery during the pandemic. She still prefers this as her youngest child is not fully vaccinated and it saves time.

But earlier this summer, as gas prices neared $7 and a can of strawberries approached $9, she took cost-cutting seriously.

White now switches between Instacart, Uber Eats, Walmart and others, using whichever has the best deals and coupons. She’ll sometimes spend two hours filling a delivery basket, then wait to see if any other promotions are displayed before completing her order. And she cut the amount she gives to drivers.

“The economy has definitely taken the breath away from our sails,” she said. “It’s just this endless pressure.”

Retailers are responding by varying delivery prices depending on the time of day. One recent morning, Walmart offered to deliver a $35 order in two hours for $17.95; which dropped to $7.95 if the order could be delivered between 3 p.m. and 4 p.m.

But cost isn’t the only reason some consumers shy away from delivery. Cloutier says many customers are wary of the quality of items selected by workers.

“There’s a trust gap between what the shopper wants to get and what the retailer fulfills,” Cloutier said.

Delivery companies are trying to improve this. Last month, Uber Eats announced upgrades to its online grocery offering, including the ability for consumers to view products while workers scan them.

But even that may not appeal to some buyers.

Diane Kovacs, a lecturer in Brunswick, Ohio, has been using curbside pickup for nearly a decade. It saves her money, she says, because she doesn’t get caught up in impulse purchases inside the grocery store.

She had groceries delivered briefly during the pandemic and didn’t mind paying $10 or $15 a week for the service. But she still prefers pickup. She enjoys driving her dogs to the store and chatting with the employees.

“I think people don’t use delivery because they want to get the hell out of the house,” she said.

The true demand for grocery delivery is difficult to calculate. Usage can swing wildly when COVID cases increase or companies offer discounts, said Brick Meets Click partner David Bishop.

But he sees certain patterns emerging. Households with young children and people with reduced mobility stick to the delivery. People over 60 have generally started shopping in person again.

Bishop says delivery has seen five years of growth in the first three months of the pandemic, and demand is likely still high. Eventually, he expects delivery sales to settle into more regular growth of around 10% per year. But delivery isn’t going away, he said.

“I don’t see it returning to pre-COVID levels. This box has been opened,” he said.

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SCAT Airlines takes on the 737 MAX ordered for the first time by Belarus http://deliverjournal.com/scat-airlines-takes-on-the-737-max-ordered-for-the-first-time-by-belarus/ Sat, 06 Aug 2022 10:00:00 +0000 http://deliverjournal.com/scat-airlines-takes-on-the-737-max-ordered-for-the-first-time-by-belarus/

On August 4, a Boeing 737 MAX took off from Boeing’s Everett facility bound for SCAT Airlines. The “new” aircraft, which recently turned three years old, was first ordered by Belarusian carrier Belavia. However, due to more recent sanctions imposed on the Belarusian carrier, the airframe was redirected to fly with Kazakhstan’s SCAT.

Delivery flight details

The Boeing 737 MAX 8 registration UP-B3737 took off from Paine Field in Washington at 07:29 local time on August 4. With its final destination halfway around the world in Central Asia, the plane had to make a refueling stop, in this case at Keflavik International Airport in Iceland. With this first leg lasting six hours and 43 minutes, the 737 lands at KEF at 9:12 p.m. local time.

SIMPLEFLYING VIDEO OF THE DAY

Without wasting time in Iceland, the plane took off at 11:32 p.m. for its second leg. This overnight flight would land about eight and a half hours later in Tashkent, Uzbekistan at 1:05 p.m. on August 5. This second stopover is interesting, considering that SCAT is a Kazakh carrier based in Shymkent. Indeed, the airports of Chimkent (Kazakhstan) and Tashkent (Uzbekistan), although separated by an international border, are located only 77 miles (123 km) from each other.

Aircraft details

Originally intended to be registered with Belavia as EW-529PA, the aircraft carries the Boeing MSN 43332 and airline number 7675. Data from ch-aviation.com indicates that the jet was in fact ordered by Air Lease Corporation and made its first flight on August 7, 2019.

Data from AIB Family Flights indicates that this airframe had a total of seven flights before delivery, which totaled seven and a half hours. The first three test flights and a ferry flight to storage took place in August 2019 while a fifth flight out of storage took place in August 2021. The jet’s 6th and 7th flights then took place in July 2022 before the August delivery flight.

The plane made a single stopover in Iceland. Photo: GCMap.com

More new jets to Belavia

Russian and Iranian carriers are not the only ones unable to take Boeing planes. Belarusian airline Belavia was added to the list in June. As we reported at the time, the United States accused Belavia of providing flight services for passengers and cargo on US-origin aircraft in violation of US export controls. As a result, the US Bureau of Industry and Security issued an order temporarily denying all export privileges to the airline.


Before the sanctions, Belavia had accepted a single Boeing 737 MAX 8, which will be delivered in April 2021.

The SCAT Airlines fleet

If this is your first time hearing about SCAT, you’ll be forgiven (although the name is quite memorable). The Kazakh carrier has a small fleet of just 27 aircraft. These are Boeing 737, 757 and 767, as well as the Bombardier CRJ-200.

While the airline’s fleet now has an average age of 21 years, its handful of relatively new 737 MAX planes are primarily responsible for the skew in the average. SCAT now has two MAX 8s and a single MAX 9 in its fleet.

Have you flown with this airline before? Share your experiences by leaving a comment!

]]> Schenker buys American truck for $435 million in cash http://deliverjournal.com/schenker-buys-american-truck-for-435-million-in-cash/ Fri, 05 Aug 2022 22:03:22 +0000 http://deliverjournal.com/schenker-buys-american-truck-for-435-million-in-cash/

DB Schenker acquires USA Truck Inc.

Signed an agreement to acquire USA Truck Inc for $435 million in cash. Producing profits of nearly $25 million on revenues of $710 million.

DB Schenker has signed an agreement to acquire USA Truck Inc for $435 million in cash

One of the world’s largest logistics companies has signed an agreement to acquire USA Truck Inc., a move that executives say sets them up for greater growth in the United States.

DB Schenker, a subsidiary of German national railways Deutsche Bahn, will pay approximately $435 million in cash for Arkansas-based USA Truck, which made a profit of nearly $25 million on revenue of $710 million last year. A year earlier, those numbers were $4.7 million and $551 million, respectively.

DB Schenker buys USA Truck and has signed an agreement to acquire USA Truck Inc for $435 million in cash

DB Schenker operates 123 distribution centers covering more than 27 million square feet in the Americas and plans to connect this air and ocean transportation and logistics network to USA Trucks’ 12 terminals.

DB Schenker operates 123 distribution centers covering over 27 million square feet in the Americas and plans to connect this air, sea and logistics network to all 12 USA Trucks terminals.

“USA Truck fits perfectly with DB Schenker’s strategic ambition to expand our network in North America,” said Jochen Thewes, Managing Director of DB Schenker. “Together, we will enhance our shared value proposition and invest in exciting growth opportunities and sustainable logistics solutions for new and existing customers.”

USA Truck, which was founded in 1983, operates a fleet of approximately 1,900 trucks and 6,000 trailers serving more than 600 customers. The carrier operates the 44th-largest rental fleet in the United States, records show. Its business is relatively evenly split between trucking, which generated $22.6 million in operating profit in 2021, and logistics ($14.7 million last year). The latter has significantly increased its turnover in 2021 to reach more than 323 million dollars. Chairman and CEO James Reed has set a goal to increase that figure to $400 million by 2024.


Grabber frame 300x250


DB Schenker buys USA Truck and has signed an agreement to acquire USA Truck Inc for $435 million in cash

The carrier operates the 44th-largest rental fleet in the United States, records show. Its business is relatively evenly split between trucking, which generated $22.6 million in operating profit in 2021

The company’s trucking operations focus on the eastern half of the United States: eight of its twelve terminals are in Georgia (four), Florida, Illinois, Ohio and Pennsylvania – and its leaders want to continue in this way.

“This transaction delivers immediate and significant value to USA Truck shareholders, provides expanded career opportunities for our employees and increased capacity and service offerings to support our customers, and better positions our company to achieve our long-term vision. to become the premier North American transportation solutions provider,” Reed said in a statement.

USA Truck shares more than doubled on June 24 to around $30.75 on buyout news. The DB Schenker deal, which is expected to close by the end of the year, provides that investors will receive $31.72 per share.

ABOUT USA TRUCK INC.

UNITED STATES Truck provides complete capacity solutions to a large and diverse customer base across North America. Our Trucking and USAT Logistics divisions combine an extensive portfolio of asset and light asset services, providing a balanced approach to supply chain management, including custom truck loading services, dedicated contract transportation , intermodal and third-party logistics freight management services. For more information, visit usa-truck.com or call 800-643-2530.

About DB Schenker

DB Schenker is the world’s leading logistics company, with more than 75,800 employees at approximately 2,000 locations around the world. DB Schenker supports industry and commerce in the global exchange of goods through land transport, global air and sea freight, contract logistics and supply chain management. For more information, visit: dbschenker.com.


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