Commerce reported that October retail sales, at $511.5 billion, were up 0.8% compared to September, with a 4.6% increase compared to October 2017. Retail trade sales were up 0.9% compared to September and up 4.3% annually, and non-store retailers, which include e-commerce sales, rose 12.1%. NRF reported that October retail sales increased 0.4% compared to September, with a 5.6% annual increase on an unadjusted basis.
The IoT has also quickly become an integral part of supply chains. It provides us with the advantage of using systems already in place, such as our smartphones or supply chain execution platforms, to expand our capabilities for more responsive and manageable supply networks.
Pricing for both truckload and intermodal freight movements were again strong in October, according to data in the most recent editions of the Truckload Linehaul Index and Intermodal Index from Cass Information Systems and Broughton Capital.
Earlier today, Scottsdale, Arizona-based Emerge, a provider of its proprietary Private Freight Marketplace (PFM) and TMS focused on accelerating productivity and increasing visibility for supply chain stakeholders, announced it has raised $20 million in a seed round, which was led Greycroft Partners, a venture capital firm based in Los Angeles and New York, in addition to participation from other investors as well.
While the U.S. government has always prioritized protection of U.S. companies against imports that are sold at below market prices, or unfairly subsidized, the Trump administration clearly intends to raise the bar with regard to trade policy enforcement.
Data for the Convey survey, entitled “Last Mile Delivery: What Shoppers Want and How to #SaveRetail,” was based on feedback from 1,508 consumers, with questions focusing on delivery expectations and preferences with the goal of understanding what aspects of delivery consumers found most important, according to Convey. This is the third year Convey has conducted this survey.