TIA Daily COVID-19 Update: May 18th
As TIA continues to monitor the situation surrounding COVID-19 and it’s impact on the 3PL and transportation industries, here is your Daily Update for May 18. As a reminder, you can find all the latest information, resources, guidance, and news from TIA’s COVID-19 Response Center.
In response to ongoing debates in the industry related to the COVID-19 pandemic, TIA has released the following flyer to its members and the industry at large, calling on all members of the transportation industry – carriers, shippers and brokers – to come together and focus on the issues that have long plagued the industry. Learn more by clicking here.
TIA has released its First Quarter 2020 TIA 3PL Market Report. The results show that participants’ total shipments decreased by 3.4% compared to Q1 2019, while the gross margin percentage experienced a decline of 170 basis points. Combined total shipments of truckload, intermodal, and LTL decreased by 3.4%. Participating companies also reported declines of 8.5% in revenue and a 15% decline in gross margin. To learn more or to access the market report, please click here.
Also, be sure to register for TMSA’s webinar – COVID’s Impact on Transportation: From Crisis to Recovery – on Wednesday, May 20th at 2:00 PM ET. This webinar will feature TIA’s President & CEO Bob Voltmann and Chief Economist Noel Perry, along with Tom Sanderson, Haydn Powell, Daniel Stanton, Scott Grady, and Brian Everett. Learn more or register now!
LUNCH & LEARN UPDATE:
Trains are running, goods are flowing, and you need to make sure intermodal is in your COVID-19 Transportation Tool Kit. Make sure you’re business is properly managing its intermodal program with tomorrow’s Virtual Lunch & Learn webinar, Managing Your Intermodal Program During COVID-19.
NOËL PERRY UPDATE:
Sunday’s data for the U.S. continued a moderating trend, being down only 438 cases from a week ago and up 115 in deaths. The death numbers were largely the result of an unfortunate day in New Your where deaths were up 115. Note, however, that New York deaths are still down 69% from their peak.
Note, as always, Sunday stats are well done from the previous day it being a weekend day. Sunday is the minimum day for deaths as Monday is for cases. In international news, France is now the first large Western European country to join the ranks of recovered (tentatively).
We’ll be back on tomorrow with COVID-19 updates and information that came through overnight.
For today’s song, we’ll continue our service theme with a second Army Air Corps theme song, Glenn Miller’s “American Patrol.” The color photos of the planes that won the battle of the skies in Europe are spectacular.