News - page 30

TFI International has agreed to acquire UPS Freight for about $800 million, the Canadian trucking and logistics company and UPS said Monday, in a deal that will transform it into a North American less-than-truckload juggernaut. The deal, expected to close […]

In the movie “Falling Down,” the character played by Michael Douglas is stranded in a Los Angeles traffic jam. He abandons his car, starts walking with briefcase in hand and ultimately has a mental breakdown. Cargo shippers trying to get […]

Chart of the Week:  USDA Produce Truckload Spot Rate – San Francisco to Philadelphia, Fresno to Atlanta, San Francisco to Atlanta SONAR According to the USDA, spot rates for truckloads hauling produce are hitting their highest marks of the year, with rates […]

The American Transportation Research Institute (“ATRI”) released its 16th top industry issues report, “Critical Issues in the Trucking Industry – 2020” which identifies a number of the industry’s key concerns including the driver shortage, truck parking, driver compensation and retention […]

Despite thousands of posts by members of a truckers’ group calling itself StopTheTires2020 promising to turn off their rigs Wednesday, few did. The StopTheTires2020 Facebook group picked Veterans Day to boycott delivery of nonessential supplies to major U.S. cities “as […]

Peak season e-commerce sales, turbocharged by an accelerated shift to online buying as consumers shy away from crowded stores during a pandemic, are expected to hit all-time highs this year, putting additional pressure on express delivery networks. Retail and logistics […]

The expectation for truckload (TL) contractual rates to increase by double digits in 2021 is growing. In a Wednesday note to clients, UBS  transportation equities analyst Tom Wadewitz outlined the fundamentals supporting this projection. “The current extreme tightness in the […]

The pandemic has revealed shortcomings in global supply chains and forced business to make logistics a bigger strategic priority. Successfully delivering Covid-19 vaccines will test manufacturers and shippers on what lessons have been learned. “If 50 million doses were available […]

Just how high can Asia-U.S. West Coast spot rates go? They blew past $3,000 per forty-foot equivalent unit (FEU) in early August and have been climbing ever since. They’ve just topped $3,700. Can they reach $4,000? No one predicted that the container […]

Logistics Managers’ Index climbs higher in July Supply chain data shows transportation capacity has declined to a 22-month low with utilization and prices reaching 19-month highs. Those were a couple of the highlights from a report summarizing July data from […]