eCommerce managers need to stay up-to-date about the latest shipping news. We’ve compiled the top news from August 2024 in our monthly roundup below.
UPS Shares Fall 12%, Post Worst Day on Record After Earnings Miss and Guidance Cut:
United Parcel Service reported Q2 revenue and profit that came in lower than expectations due to weak freight demand and soft pricing in the shipping sector.
NY-NJ Ports Enjoy Record Month:
Like many North American ports, The Port of New York-New Jersey recorded its busiest July ever. NY-NJ is the second-busiest gateway in the U.S. for loaded cargo so far in 2024.
Canadian Rail Shutdown Leaves Billions in U.S. Trade Stranded, with Economic Impact to Grow Day by Day:
Billions of dollars of U.S.-bound trade in limbo after a lockout of more than 9,000 rail union workers by Canadian National Railway and Canadian Pacific Kansas City.
Air Cargo Industry Anticipates Big Peak Season to Finish Year:
Many analysts and logistics experts expect the air cargo market’s incredibly strong first half of the year to build momentum during the final months of the year, when international shipping normally peaks to meet holiday shopping demand.
[WEBINAR] Learn How USPS Can Help During Your Busy Holiday Season:
Register for our upcoming USPS holiday webinar to learn holiday shipping updates from the Freestyle Software, USPS and Shippo teams.
Staying informed about the latest shipping trends and updates can help you remain competitive and increase your customer satisfaction. Contact us to learn how M.O.M. can help optimize your shipping processes.
