The Day by day Sprint is a fast take a look at what is going on within the freight ecosystem. In at the moment’s version, gas costs are on the rise as chilly climate drives up the price of all fuels. Plus, a restructuring for the U.S. Postal Service could possibly be on the horizon; Ahead Air’s CIO talks concerning the cyberattack that hit the corporate in December; and TFI discusses the usFreight acquisition.
Going up: Gasoline costs on the rise
Chilly climate throughout the nation is boosting the worth of heating oil, and there’s now a ripple impact occurring within the diesel gas markets.
John Kingston has extra on the affect: Diesel prices climbing in spot, wholesale and retail markets
Postal Service revamp
The U.S. Postal Service has been on the new seat for years now with continued operational losses. That could possibly be ending if a serious restructuring takes maintain.
Mark Solomon explains: Postal Service sets major operational restructuring
When speaking to Ahead Air’s (NASDAQ: FWRD) Jay Tomasello, the corporate’s chief data officer, concerning the cyberattack that hit the corporate simply earlier than Christmas, the factor that comes by way of is a way of satisfaction that the corporate dealt with it extraordinarily nicely.
John Kingston has the unique interview: Forward Air CIO: Cyberattacks aren’t a badge of dishonor, but a response plan is crucial
Margin enchancment plan
TFI Worldwide (NYSE: TFII) plans to aggressively enhance margins at UPS Freight after its $800 million acquisition closes by reining in unprofitable enterprise.
Nate Tabak explains what adjustments might happen: TFI to take aim at UPS Freight’s unprofitable business
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Shippers spent 12% extra per mile for dry van truckloads on common by way of a lot of the fourth quarter of 2020 than they did in 2019.
Zach Strickland digs into the numbers: Trucking contract rates up 12% year-over-year
Hammer down, everybody,