State of the Industry Report February 2023
RXO Extra™ Launches With Expanded Carrier Rewards and Discounts
RXO Extra links loyal carriers to expanded suite of cost-saving partnerships in an online marketplace.
RXO Delivers Strong Fourth Quarter Driven by Brokerage Volume Growth
RXO Delivers Strong Fourth Quarter Driven by Brokerage Volume Growth Despite a challenging macro and muted peak season, RXO delivered strong results with EBITDA of $64mm, ahead of consensus expectations.
Top Industry News
Ohio Train Derailment Could Bring Cancer Risk, Millions in Damage
Weeks after a train carrying carcinogenic chemicals derailed in East Palestine, Ohio, the extent of the damage to the nearby community is still unclear. Railroads face a traffic backlog and operator Norfolk Southern Corp. could rack up tens of millions of dollars in costs.
Import Demand Continues to Fall
Lunar New Year normally brings a slow shipping period for imports, but the lead-in period was also lackluster. With many companies calling for a return to seasonal patterns later in the year, just how close are we to that being a reality?
US and Global Macroeconomics
ATA’s Bob Costello Presents Mixed Picture on Economy
TransportTopics: The U.S. economy is poised for a short and shallow recession during the second half of the year, but circumstances specific to current economic conditions — including high interest rates, persistent inflation and a cooling housing market — make predictions more challenging than usual, said American Trucking Associations chief economist Bob Costello.
Tesla, GM Among Carmakers Flocking to Mining Events Amid Battery Metals Scramble
SupplyChainBrain: Top automakers including Tesla, General Motors, and Ford are heading out on the mining conference circuit as soaring demand for metals used in electric vehicles ignites a scramble to lock in long-term supplies.
Chip Makers Turn Cutthroat in Fight for Share of Federal Money
In early January, a New York public relations firm sent an email warning about what it characterized as a threat to the federal government’s program to revitalize the U.S. semiconductor industry.
What to Expect in Network Connectivity for the Supply Chain in 2023
Recent news reports suggest that supply chain normalization might not be attainable in 2023. Plagued by compounding delays and perpetual labor shortages, the global supply chain is in a predicament that requires multiple solutions.
Initiatives – Safety
FMCSA Proposes Changes to Its Motor Carrier Safety Measurement System
The Federal Motor Carrier Safety Administration has announced it won’t adopt a complex data collection method recommended in 2017 by a special National Academy of Sciences academic panel to calculate safety scores for motor carriers.
However, the agency said in a notice that it will make changes to its motor carrier Safety Measurement System that will include using certain aspects of the complex data collection method known as the Item Response Theory.