Maersk must contend with volumes, market share in steady decline: analystIf Maersk’s volumes and market share continue to slip, the reduction in size will eventually challenge profitability aspirations in a...
Key Takeaways U.S. adds 517,000 payroll jobs in January. Unemployment rate falls to 3.4%. Labor participation rate ticks up to 62.4%. Job openings rise sharply in December. ISM’s manufacturing index...
Last week’s release of the U.S. Bank National Shipments Index reported contracted a 4.6% decline during the final quarter of 2022. That drop is the most significant sequential decline since...
Analyst Insight: Logistics outsourcing is more in demand than ever. An increasing number of shippers are moving towards logistics outsourcing to gain better visibility into their freight track and spend, two...
After a couple years of out of control, skyrocketing freight rates, ocean freight pricing finally came tumbling down. Freight rates have gone from peaks, including cargo routes getting carriers more...
ITS ConGlobal, North America’s largest integrated intermodal services provider, has been a leader in the logistics industry for over 50 years. But it’s not just their decades-long customer relationships or...
James Cox, CEO of TRC The Routing Company (TRC), a global on-demand vehicle routing and management platform, has signed a contract with Anne Arundel County Office of Transportation (AA OOT)...
Jones Logistics, a national specialized transportation and logistics company based in Hattiesburg, Mississippi, last week announced the acquisition of Nationwide Express.Based in Central Tennessee, Nationwide provides dedicated trucking services, warehousing, 3PL...
Elon Musk, CEO of Tesla Inc., leaves court in San Francisco on Jan. 24. (Marlena Sloss/Bloomberg News) Elon Musk’s lawyer told a jury the Tesla Inc. chief executive officer has...
The breakup of the 2M Alliance opens the door to a few possibilities, including the industry reverting to a competitive scramble for market share, driving down profits and forcing yet...
