SCS Weekly Rundown | April 23rd, 2024

  Struggles Looming Over Freight Brokerages

    Freight brokerages continue navigating revenue decline and operational hurdles.

    J.B. Hunt's stark revenue decline in its brokerage segment highlights the industry-wide
    issue of profitability amid a post-pandemic market that is flush with capacity, causing low
    tender rejection rates and fierce competition. Efforts have been made to adapt but some
    significant cost challenges still remain.

    Read about the challenges being faced here.
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  CSX to Field-Test A New Hydrogen Locomotive

    This new hydrogen powered locomotive is a critical step towards a cleaner future.

    CSX has converted a diesel locomotive to hydrogen power using a CPKC-developed kit,
    reusing major components to minimize new emissions. This retrofit, set for midsummer
    field tests at Huntington yard, marks a significant move toward sustainable rail solutions.

    Learn more about this potential advancement here.
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  First U.S. Parcel Revenue Drop in Seven Years

    A recent report shows an uncommon revenue dip amid higher parcel volumes.

    In 2023, U.S. parcel revenue slightly decreased despite a minor increase in parcel levels,
    with Amazon boosting its volume against declines from UPS and FedEx. The industry's
    move toward smaller, cheaper packages is altering the economics of last-mile delivery.

    Dive into the full story here.

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  Revolutionizing Customer Delivery Experiences

    Unifying middle and last-mile delivery logistics to boost efficiency and satisfaction.

    The push for faster, more transparent delivery services has led businesses to merge both
    middle and last-mile operations, enhancing real-time tracking and predictability. This new
    integration not only speeds up service, but also optimizes routing and inventory, cutting
    costs and improving the entire operation.

    Get more details by clicking here.

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