Outsourcing Archives - The Loadstar

US lines: Shipping US freight forwarding jobs overseas

Alessandro Pasetti — Fri, 01 Nov 2024 12:36:03 +0000

During Covid, when business boomed for freight forwarders, we saw a huge swing in the balance of power between employer and employee.
Employers couldn’t hire quickly enough and, at the time, were willing to pay whatever they had to because demand far exceeded supply. But when I saw import agents accepting offers for $70,000 per annum in Chicago, I knew that something would have to change.
Freight forwarders are smart and adaptable. ...

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Behind the numbers – how GXO’s strategy stacks up

Jack Riddick — Thu, 15 Feb 2024 13:34:36 +0000

No surprises: GXO, never far from Premium’s Platonic ideal of pure-play contract logistics operator (PPCLO), remains committed to its winning model. However, despite a respectable Q4/FY 23 earnings release, beating (by a whisker) S&P Capital IQ consensus for total quarterly sales and adjusted earnings per share, investors remained uninspired: GXO stock had dropped into red by close, third-from-bottom in our demo-only portfolio, during an otherwise fairly strong session*.
(*GXO down -1.2% ...

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Retailers outsource ecommerce fulfilment in structural shift

Alex Lennane — Fri, 26 May 2023 11:45:23 +0000

Increasingly, e-commerce providers and online merchants are turning to logistics firms to manage their fulfilment.
James Gagne, CEO of Seko Logistics, has seen a “really serious uptick” in a trend that shows companies abandoning their efforts to manage the fulfilment component of their supply chain in-house.
They are looking for help to make their inventory more fungible across wholesale, retail and direct-to-consumer channels to make it more agnostic, he reported.
The trend has ...

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Supply chain radar: GXO Logistics – in the value basket

Alessandro Pasetti — Fri, 06 May 2022 11:10:00 +0000

The perfect storm for the economy could well morph into the biggest success for US-headquartered pure-play contract logistics operator GXO Logistics.
Background
A decline in European and North America consumer spending is what everyone is worried about, concerns that have been stoked by increasing inflation driven by rising costs in energy and essential goods, creating a cost of living crisis in many advanced economies.
In response to a possible contraction in consumption, retailers ...

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