Transportation & Logistics Industry Update
Harris Williams Deal Spotlight
Lazer Spot, Inc.
Harris Williams advises Lazer Spot, Inc., a portfolio company of funds advised by Greenbriar Equity Group, LP, on its sale to Harvest Partners. Lazer Spot is a leading independent provider of comprehensive yard management services and solutions.
What We’re Reading
For September, the most recent month for which data is available, all Shippers Conditions Index (“SCI”) measures were positive, with less favorable fuel pricing offsetting more favorable freight volume, capacity utilization, and logistics cost factors. Looking ahead to 2020, FTR expects the SCI to trend towards neutral, with freight demand softening and capacity utilization remaining firm.
Trucking | Outbound Tender Volumes Continue on Nice Run
Outbound tender volumes (OTVI.USA) rose 7.48% week-over-week in mid December. Nationally, outbound tender volumes rose 6.52% year-over-year. Month-over-month volumes are up 7.06%. It appears as though peak season has finally arrived thanks to strong purchasing trends.
As the first two decades of the 21st century come to a close, the freight railroad industry looks very different from the group of carriers that had just received a massive shot of adrenaline from the Staggers Rail Act of 1980. Today, it is a healthy, efficient, productive, environmentally friendly, technologically advanced, safe and highly profitable industry.
U.S. regulators made a change to federal rules that will allow refineries to sell and distribute to ship owners less expensive marine fuels that still meet the IMO 2020 clean fuel standard. It took effect January 1. Without the rule change — which was requested by U.S. fuel suppliers — a ship would be limited to purchasing higher-price emissions control area (“ECA”) fuel or delaying its fuel purchase to the next port of call to avoid that additional cost.
As part of its efforts to keep the skies safe for the flying public, the air cargo industry will not only have more qualified canine screening teams at its disposal, but also new technologies that will enhance the screening process at a reasonable price.
Harris Williams is a leading advisor to the transportation and logistics M&A market. Our Transportation & Logistics Group serves companies in a broad range of attractive niches, including third-party logistics (3PL), truck, rail, marine and air transportation, transportation equipment, and the automotive and heavy duty vehicle market.
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