New IMO rules force global reefer fleet to confront uncertain future
The specialized reefer fleet has proven to be remarkably resilient in the face of various challenges, but now it must deal with the latest
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C.H. Robinson reaffirms commitment to global forwarding business
The largest US logistics provider claims “compelling results” from cross-selling surface transportation and air and ocean services, despite weak market conditions.
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DSV books record result for 2022, but warns that bull run for profits is over
Denmark’s DSV collected record profits for 2022, but the forwarder says a return to a more “normal” market has begun.
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2M breakup throws carriers’ operating playbook out the window
The breakup of the 2M Alliance opens the door to a few possibilities, including the industry reverting to a competitive scramble for market share,
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Sourcing shift from China pulls US import share to more than a decade low
Data shows US importers are walking the walk when it comes to sourcing diversification, slowly moving trade flows away from China and toward Vietnam,
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Intermodal contract savings fell in Q4 ahead of 2023 bids
Shippers saved less than in prior quarters on their intermodal contracts to close 2022, setting up a race to the bottom this year to
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Spread between East, West coast ocean spot rates returns to pre-pandemic levels
The premium rate that importers had been paying to ship Asian imports through the US East Coast has dropped considerably over the past few
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Pitt Ohio, Daylight to expedite LTL freight from eastern US to West Coast
An expedited linehaul service using team drivers will cut transit times connecting Pitt Ohio’s eastern territory with California within three days.
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US LTL carriers look past downturn by expanding for next rebound
The promise of economic improvement in the second half of this year and 2024 has LTL trucking companies adding terminals, doors, and services despite
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Investors fuel drayage software provider PortPro with $12 million in funding
Investors see drayage as an area rife for technological improvement, with software provider PortPro the latest startup to secure funding to empower port truckers.
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