I’m on borrowed time this morning, so let’s go right to the news:
- Ryder Acquires UK-Based Euroway Group Ltd
- Con-way Inc. Reports 2012 Second Quarter Results
- JDA Software Announces Second Quarter 2012 Results
- Accellos Announces Version 6.4 of AccellosOne Warehouse Management System (WMS)
- Kewill Introduces New Universal Carrier Module
- UPS Deploys New Scanning Device in its Package Sorting Operation
- Retailers, Industry Experts, And NRF Partner To Launch Integrated Mobile Initiative
- Freight Shipments Fell 0.1% in June from May
- Cass Freight Index Report – July 2012
- FMCSA Improves SMS with ASPEN Enhancements
- Amazon’s New Secret Weapon: Delivery Lockers (Wall Street Journal)
- Securing supply chain data (Financial Times)
Ryder increased its fleet in the UK by acquiring Euroway Group Ltd. based in Bedfordshire, England. According to the press release:
Euroway is a commercial truck leasing, maintenance and fleet management provider serving primarily the southern part of the UK.
The acquisition is expected to add approximately £12.8 million (approximately $20.2 million) in annual revenue to Ryder’s Fleet Management Solutions (FMS) business segment…The acquisition adds approximately 1,400 vehicles, primarily medium and heavy duty, as well as trailers. The fleet includes 560 full service lease and more than 800 contract maintenance vehicles. The acquisition also encompasses the company’s workforce of 53 employees, including maintenance technicians, and three currently leased facilities in the UK.
Con-way reported Q2 2012 revenues of 1.45 billion, up 7.2 percent from the same period last year. Net income was $41.8 million compared to $29.4 million last year. Net revenue from Menlo Worldwide Logistics was $161.8 million, up 10.1 percent from Q2 2011. “New business revenues, increased freight brokerage volumes and gains from warehousing and transportation management services contributed to the higher revenues,” according to the press release.
JDA Software reported second quarter revenue of $168.8 million, a 2 percent increase from Q2 2011. Software and subscription revenue increased 5 percent to $35.8 million in the second quarter 2012 compared to Q2 2011. According to the press release, “The increase was primarily due to stronger sales in the company’s North America and Asia Pacific regions. JDA closed 57 software deals, including 11 deals in excess of $1 million in the second quarter, compared to 68 deals, including 10 over $1 million, in the prior year period.”
On the new technology front, Accellos released a new version of its AccellosOne Warehouse Management System that includes new capabilities such as Advanced Workcenter functionality, integrated document imaging, enhanced shipping workflow, integrated order consolidation, and integrated load and route planning (among other features).
Meanwhile, Kewill announced the availability of Kewill Universal Carrier Module (UCM™), which according to the press release is “designed to provide rapid implementation of international, national or regional carriers anywhere in the world at a fraction of the time and cost typically associated with onboarding new carriers or maintaining compliance for existing carriers. This is accomplished through both a straightforward user interface for configuration, and easy-to-use scripting.”
The Freight Transportation Services Index (TSI) decreased 0.1 percent in June from May. “The Freight TSI remained stable in the second quarter of 2012, continuing a pattern of little change since January,” the press release states. “This appears to reflect the rate of growth in the general economy. Gross Domestic Product (GDP) growth slowed to 1.5 percent in the second quarter and a revised 2.0 percent in first quarter of 2012, from 3.0 percent in fourth quarter of 2011…Rail and truck freight grew in June, but were offset by decline in shipments using other modes, notably waterborne freight, which may be due to the impact of low water conditions on the Mississippi River system.”
In related news, July shipment volumes in the US declined 0.7 percent and expenditures declined 2.0 percent compared to June, according to the Cass Freight Index Report. Here is an excerpt of Rosalyn Wilson’s analysis from the report:
Unfortunately, many economic indicators are pointing to a further slowdown for the movement of freight. The Institute of Supply Management’s purchasing managers index (PMI) showed that economic activity in the manufacturing sector contracted in July for the second month in a row after 34 consecutive months of expansion. New orders are declining both domestically and abroad, meaning there will be less freight to move in the coming months. Import and export growth are well below 2011 levels, and given global demand exports are not expected to pick up for the remainder of the year.
Finally, Logistics Viewpoints is taking its annual summer vacation next week. In case you miss us, you can re-read the ten most popular postings we’ve published this year:
- Supply Chain and Logistics Conferences to Attend in 2012
- Why Companies Aren’t Using Social Media for Supply Chain Management
- An “Undercover Boss” Works in a Warehouse
- Why Did Amazon.com Acquire Kiva Systems?
- How Walmart Improved Fleet Efficiency by 69 Percent
- Hours-of-Service Rules Changed, But the Big Picture in Trucking Stays the Same
- The Apple Supply Chain: The Best in the World?
- Guest Commentary: Safety Stock Helps Buffer Against Variability in the Supply Chain
- On Amazon’s Quest for Same-Day Delivery
- Guest Commentary: How to Get a Read on Truckload Prices
Have a great weekend and we’ll see you again on the 20th!
Song of the Week: “Called Out in the Dark” by Snow Patrol. “This is your life, this is your time…”
(Note: Con-way, JDA Software, and Ryder are ARC clients and/or Logistics Viewpoints sponsors).