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TRUCKING MARKET * USA - Wal-Mart Asks Suppliers to Give Up Control of Their Deliveries
Wal-Mart Stores Inc., the world’s largest retailer, is seeking to take over U.S. transportation services from suppliers in an effort to reduce the cost of hauling goods
New York,NY,USA -Bloomberg/Businessweek, by Chris Burritt, Carol Wolf & Matthew Boyle -May 21, 2010: ... The company is contacting all manufacturers that provide products to its more than 4,000 U.S. stores and Sam’s Club membership warehouse clubs, said Kelly Abney, Wal-Mart’s vice president of corporate transportation in charge of the project. The goal is to take over deliveries in instances where Wal-Mart can do the same job for less and use those savings to reduce prices in stores, he said... Under the program, Wal-Mart is increasing the use of contractors, as well as its own private fleet of trucks, to pick up products directly from manufacturers and transport the goods to its distribution centers and stores. The retailer currently moves most goods only from its distribution centers to stores... The plan allows Wal-Mart’s fleet of 6,500 trucks and 55,000 trailers to carry more per truck and improve on-time delivery rates, said Leon Nicholas, a director at consulting firm Kantar Retail. Wal-Mart would also have more sway in negotiating fuel prices, he said... (Photo from matternetwork: Wal-Mart trucks fleet)
* Brokered Truck Rates Slip - Sequential drop in brokered load revenue points to sluggish pricing
Washington,DC,USA -The Journal of Commerce Online, by William B. Cassidy -May 18, 2010: -- Trucking yield and rates aren't rising as quickly as demand despite a surge in freight volume on highways in the first quarter, according to new figures on the trucking market... The average revenue per highway load brokered by intermodal marketing companies increased year-over-year in February and March, according to the Intermodal Association of North America. But the same revenue figure dropped month-to-month in February and March, suggesting trucking companies are having trouble raising rates off last year's price floor despite stronger demand for their services... The average revenue per highway load brokered to truckers by intermodal marketing companies was up 3.2 percent from a year ago in March, according to IANA... Average revenue per highway load slid from $1,247 in January to $1,168 in March...
Labels: trucking markets
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