Logistics Business Intelligence
By David Hannon -- Purchasing, 8/14/2008
32.5%Fuel surcharge on FedEx and UPS air/express shipments in July
Source: FedEx, UPS
WHAT IT MEANS: Keep it on the ground when you can. With jet fuel prices skyrocketing up to nearly $4/gallon, the surcharges for air shipments are booming while both UPS and FedEx have their ground fuel surcharges at 9.5%.
1,085Tractors eliminated by JB Hunt in the past year
Source: Wolfe Research
WHAT IT MEANS: Analyst Ed Wolfe points out that despite the massive reduction in its fleet, JB Hunt's utlilization rates measured in miles/truck declined 5.7% in the second quarter, indicating the depth of the truckload demand decline.
89%Buyers predicting transportation price increases this quarter
Source: www.purchasingdata.com
WHAT IT MEANS: Transportation was again the spend area buyers expect to rise in price the most in the coming quarter.
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