Addison Lee

Supply Chain Dive | April 30, 2020

Airfreight volume fell more than 15% year-over-year (YoY) in March, according to the latest numbers from the International Air Transport Association (IATA). But with capacity falling further the industry can't keep up with what demand remains and prices for air freight are climbing as a result.Freight capacity fell nearly 23% YoY in March as a result of belly cargo space in passenger airlines being pulled from the market due to flight cancellations.International belly cargo capac...

Nordstrom | June 01, 2020

Nordstrom decreased its inventory 26% in the first quarter of 2020 compared to the same period last year, according earnings results released Thursday. Sales decreased 40% in the quarter year over year, and the company posted a $521 million net loss."With inventory as our biggest lever of flexibility, we reduced receipts by 30% during the first quarter, generated customer demand through increased marketing and promotions, and utilized our fulfillment capabilities to clear inventory he...

Supply Chain Dive | January 31, 2020

The World Health Organization (WHO) declared coronavirus a Public Health Emergency of International Concern Thursday but did not impose any restrictions on the movement of people or goods, saying it could make the situation worse. "[I]n general, evidence has shown that restricting the movement of people and goods during public health emergencies may be ineffective and may divert resources from other interventions," WHO said in a statement on the decision. "Further, restrictions ma...

Management, Freight

ABF Freight | September 08, 2022

ArcBest® ( Nasdaq: ARCB), a leader in supply chain logistics, announced that its less-than-truckload carrier, ABF Freight®, has been named a 2022 SmartWay High Performer in the multimodal carriers category. This recognition is based on SmartWay's annual emissions reports for partners who have achieved significant shipping and freight efficiencies and have met certain criteria for emissions output of carbon dioxide, nitrous oxide and particulate matter. This distinction demonstrates t...