Mercedes-Benz USA Reports May Sales of 32,567

prnewswire | June 01, 2016

Mercedes-Benz USA Reports May Sales of 32,567
Mercedes-Benz USA (MBUSA) today reported May sales of 29,299 vehicles, down 1.0% for the month. Mercedes-Benz Vans reported 2,848 units, and smart reported 420 units for the month, bringing MBUSA grand total to 32,567 vehicles for the month and 149,167 sold year-to-date."Sales continue at a steady pace in the second-quarter," said Dietmar Exler, president and CEO of MBUSA. "Excitement is building as we look toward the coming months with the launch of three new dream cars, including the S-Class Cabriolet, SL and SLC Roadsters and the all-new E-Class Sedan."Mercedes-Benz volume leaders in May included the C-Class, GLC and GLE model lines. The C-Class took the lead at 6,954, followed by the GLC at 4,183. The GLE rounded out the top three with 4,003 units sold.

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FREIGHT

Cowen Research and AFS Logistics Launch Index to Track and Predict Pricing Within the Air Freight & Surface Transportation Sector

Cowen Inc. | October 12, 2021

Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”), and AFS Logistics, LLC (“AFS”), today announced the launch of the Cowen/AFS Freight Index (“Freight Index”). The Freight Index will serve to provide Cowen’s institutional clients with predictive pricing tools for multiple sectors within the freight industry, on a quarterly basis. The Freight Index will provide a performance snapshot of less-than-truckload shipping (LTL), full truckload shipping (TL), and parcel shipping (both express and ground, separately). This data will be featured in Cowen’s market-leading air freight and surface transportation equity research. Jason Seidl, Cowen’s Senior Analyst for Airfreight & Surface Transportation, is leading the initiative. As one of the most experienced 3PLs and largest freight audit and payment companies in the industry, AFS holds unique access to freight data across transportation modes. Applying advanced analytics including machine learning algorithms, AFS and Cowen developed models that unveil the depth and richness of the data. In addition to the massive historical data, current macro- and micro-economic factors are carefully evaluated, selected, and built into predictive models, including the most recent General Rate Increase (GRI) announcement from a major parcel carrier. The resulting Cowen/AFS Freight Index offers a unique and comprehensive view of both past performance and the forecasted outlook for the immediate future quarter. “Freight is a rapidly changing industry and the ability to track its performance has become a critical component of the investment process for our clients. There is strong demand for tools to accurately monitor and predict sector trends. The Cowen/AFS Freight Index is designed to fill that void,” said Jason Seidl. “Using applied machine learning, data science and the annual transportation spend at AFS since 2018 to give a strong picture of the overall market, the Freight Index currently forecasts, among other things, that we should see the TL rate market reach a new high in the fourth quarter of 2021, with LTL rates expected to grow at an even larger clip.” “Our clients are leveraging data to improve efficiency in their logistics networks. Our intent with this groundbreaking Cowen/AFS Freight Index is to provide them with insights to make those data-driven networks even more effective,” said Tom Nightingale, Chief Executive Officer of AFS. “We’re bringing more than just raw, historical data to the market. We’re applying advanced, predictive analytics and unlocking the full information behind the data to deliver highly relevant insights that have real value for our clients.” Key Implications of the Cowen/AFS Freight Index from the Inaugural Report by Jason Seidl: TL: We expect TL rate per mile to continue growing through the end of 2021, reaching a high for our index of 24.2% in 4Q21 and up from 21.0% in 3Q21, off the January 2018 AFS baseline. On a year-over-year basis, the Freight Index suggests an increase of ~15% in 4Q, a slight sequential moderation. We found a correlation between the sequential change in the baseline of the TL Freight Index and sequential change in revenue per truck. Revenue per truck also offers historical insights into (and correlates to) TL stock performance (TL stock performance generally leads revenue per truck metrics by about one quarter). Thus, we view this as a positive for the TL group. LTL: The Cowen/AFS LTL Freight Index suggests that LTL rate per pound should continue to grow sequentially in 4Q21 at 32.3%, up 2.1% sequentially, off the January 2018 AFS baseline. On a year-over-year basis, the data suggests ~16% growth, a sequential increase in 4Q (noting a sequential step down from November to December). We found a correlation between the sequential change in the LTL Freight Index baseline and sequential change in revenue per hundredweight. LTL stock performance also historically leads (and correlates with) the revenue per hundredweight metric LTL companies provide by roughly one quarter. Therefore, we view the positive sequential trends and new highs for the LTL Freight Index as a positive for the LTL group. Parcel/Express Parcel: The Cowen/AFS Parcel Freight Index suggests that ground parcel rates per package will increase 16.9% in 4Q21, up 2.1% sequentially, off the January 2018 AFS baseline. On a year-over-year basis, the data suggest ~9% growth. For parcel express, the Cowen/AFS Parcel Express Freight Index suggest that express rates per package will decline 10.9% in 4Q21, compared to -8.9% in 3Q, off the 2018 AFS baseline. On a year-over-year basis, the data suggest ~13% growth. We found a correlation between certain large parcel carrier KPIs and the Parcel Freight Index. Macro: We have found the year-over-year AFS data (and the TL Freight Index in particular) to correlate well with the year-over-year change in the Purchasing Managers’ Index. This may provide investors with perspective on potential movements of the PMI. The TL Freight Index, which tracks truckload rates per mile, indicates how much carriers are charging shippers to move TL freight. A strong demand environment (which is what we are seeing play out in the market now), leads to elevated rates (without considering the supply side), which implies a strong manufacturing index. Other Takeaways: Since March 2021, AFS has seen the average weight per shipment within LTL steadily decrease, likely due to the ongoing shift to e-commerce. Despite this, rates have still increased, with labor shortages and other capacity restraints contributing. Carriers have been able to implement steep rate increases on shippers and have been even more aggressive on surcharges to move undesirable freight. About Jason Seidl Jason Seidl joined Cowen in 2013 as part of the Company’s acquisition of Dahlman Rose and has been covering the air freight & surface transportation sector for over 20 years. He has been recognized for his stock picking and EPS accuracy in numerous third-party polls and surveys, most recently the 2020 TipRanks Analyst Awards. He is currently ranked 10th across all sectors for stock picking by TipRanks. Before his Wall Street career, Mr. Seidl spent four years working in the trucking/parcel transportation industry. He has a Bachelor of Science degree in transportation distribution management from Syracuse University and a Master of Business Administration with a concentration in Finance from Rutgers University. He is a member of the executive advisory board for Syracuse University’s School of Supply Chain Management; past President of the board of directors for the North East Association of Rail Shippers; and a contributing editor for Railway Age. About Cowen Research Cowen’s research department has 58 senior analysts covering 930 securities across multiple sectors including industrials, consumer, energy, health care, technology, media & telecom, and cross-asset, as well as a deep Washington policy team. About Cowen Inc. Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm that operates through two business segments: a broker dealer and an investment management division. The Company’s broker dealer division offers investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing and commission management services. Cowen’s investment management segment offers actively managed alternative investment products. Cowen Inc. focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the firm is headquartered in New York and has offices worldwide. Learn more at Cowen.com. About AFS AFS Logistics helps more than 1,700 companies across more than 35 countries drive sustained savings, while turning their supply chains into competitive, customer-centric differentiators. The AFS portfolio of services features Audit, Parcel, LTL and Transportation Management, which includes Freight Brokerage and Freight Forwarding. Founded in 1982 and employing a team of more than 350 logistics teammates in seven major locations across the U.S., AFS is regularly part of the Inc. 5000 list of fastest growing companies.

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Inside Ceva Logistics' approach to managing GM's ventilator supply chain

Ceva Logistics | April 23, 2020

Ceva Logistics is managing General Motors' (GM) ventilator supply chain and will coordinate the delivery of components from hundreds of suppliers to the production facility in Indiana, the logistics company announced Wednesday in a press release. The partnership began at the beginning of April.Ceva's responsibilities include supplier management, order management, transportation and customs brokerage management, and event monitoring.So far, Ceva has used expedited trucking and air freight to get the parts from suppliers, located throughout North America and Asia, to the manufacturing facility in Kokomo, Indiana, Ceva Head of North America Shawn Stewart told Supply Chain Dive in an interview.GM and Ceva are familiar with complex supply chains, but retooling a production facility is a significant undertaking.The Indiana facility where the ventilators are produced used to be the site of semiconductor production. GM chose the location, in part, because the facility already has a clean room, which the Food and Drug Administration requires for the production of medical equipment, a union leader told the Kokomo Perspective.

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Katalyst Technologies Launches Enhanced Modules of Celero ERP and Celero WMS

Katalyst Technologies | November 05, 2020

Katalyst Technologies Inc. is glad to declare the dispatch of the improved modules of Celero ERP and Celero WMS to help your association with its venture application needs. Celero has for quite some time been one of Katalyst's unmistakable items, cherished by customers for its elevated level of adaptable customization and progressed information investigation abilities. Presently, Celero is better than anyone might have expected previously and is prepared to address the gracefully chain difficulties of the cutting edge stockroom, particularly those in the attire, footwear, and embellishments industry. "We have upped our portfolio to include a full suite of enterprise application solutions. Celero is a no longer just a next-gen warehouse management solution but a more robust cloud-based solution built with a modular approach for the apparel, footwear, and accessories industry - fashion manufacturers, wholesalers, importers, and distributors alike. Celero helps streamline operations, reduce procurement and warehouse costs, and helps organization drive sales growth," says Gregory Lynn Smith, Vice President of Supply Chain and Logistics at Katalyst Technologies. "Unlike other solutions, our application provides the general operational functionality for products along with its signature feature providing multiple dimensions, including style, color, and size." "We are so proud of the hard work and dedication our team has put into creating this improved version of one of our flagship products," says Rahul Shah, Founder and CEO, Katalyst Technologies Inc. "Celero has always been known for its innovative, user-friendly processes, and we feel confident that the addition of these unique features will exceed our customers' expectations." Katalyst's Pick Path Optimization Algorithm One of the top features of Celero is the inclusion of Katalyst's patent-pending pick path optimization algorithm, co-designed by Chief Systems Architect Dave Schuler and Senior Software Engineer Wayne Ma. This innovative algorithm allows for faster, more efficient picking in warehouses by 25-40% and creating the best possible path. "In running a warehouse, the largest expense item is payroll," says Schuler. "What that means in practical terms is that the more stuff an individual warehouse worker can pick in a unit of time, the more cost-effective the warehouse is to run." Why Celero? With the recent surge in e-commerce sales due to COVID-19, it's more important than ever before to maximize your warehouse's potential. Celero is the perfect solution to boost ROI, reducing labor costs, and implementing automation to eliminate errors. Celero has out-of-the-box integration capabilities for Shopify, Magento, Quickbooks, ShipStation, and many other leading industry products. It also has a multi-tenant architecture that helps deploy solutions for large corporations with multiple subsidiaries. Would you like to see what Celero can do to help your business? Request a free demo and reach out to the experts at Katalyst for a consultation. About Katalyst Technologies Inc. Katalyst Technologies is a software technology services and solutions provider based in Evanston, Illinois, USA. Katalyst operates in a wide variety of fields, such as Publishing, Fashion & Retail, Consumer Packaged Goods (CPG), Life Sciences, Wholesale & Distribution, Manufacturing, and Supply Chain Management. With over 1000 employees around the world, Katalyst has coined its name even in the fields of publishing and e-Commerce. Katalyst Technologies also offers a broad range of products and services in Enterprise Resource Planning, Engineering & Manufacturing, Supply Chain & Logistics, Professional Services, Content Management sectors.

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Spotlight

Supply chains are increasingly becoming value webs that span and ... In fact, many “supply chains” appear to be evolving into “value webs,” ...