Michigan Gov. Gretchen Whitmer recently touted a $2 million grant to Fifth Wheel Freight as an example of economic development funds strengthening the state’s supply chain network.
January 31, 2024Logistics News
For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
$2 Million Michigan Grant Helps Fifth Wheel Freight Expand
House T&I Presses White House to Safeguard Supply Chain
House transportation policymakers renewed calls for the Biden administration to enhance its response to growing supply chain concerns.
January 31, 2024Forward Air Completes Acquisition of Omni Logistics
Forward Air on Jan. 25 announced the completion of its long-pending acquisition of Omni Logistics, with both companies’ leaders touting the benefits of the merger.
January 31, 2024Container Boom Leads to Q4 Earnings Dip at Hapag-Lloyd
HAMBURG, Germany — The sharp drop in freight prices following the pandemic has caused a slump in sales and profits at German container shipping company Hapag-Lloyd.
January 31, 2024Georgia Ports Handled Record Number of Automobiles in 2023
SAVANNAH, Ga. — The Georgia Ports Authority said that it moved a record number of automobiles across its docks in Brunswick in 2023, while goods sent to Savannah in containers declined 16%.
January 30, 2024Freight Elite Struggle to Hit Climate Goals as Demand Surges
Although there are signs of progress, the largest delivery companies have scaled back climate pledges and the industry isn’t keeping pace with climbing emissions from a global demand surge.
January 30, 2024UPS to Cut 12,000 Jobs, Explore Sale of Coyote Amid Weak Q4
UPS Inc. is reducing its overall employee head count by 12,000 workers, which the company says will save more than $1 billion, citing higher labor costs and softening demand.
January 30, 2024Logistics Startup Flexport Will Trim Hundreds More Jobs
Logistics startup Flexport Inc. plans to lay off hundreds of workers, according to a source — the company’s latest effort to reposition itself during a global shipping industry slowdown.
January 29, 2024Port of Baltimore Security Lauded by US Coast Guard
The Port of Baltimore for the 15th straight year has received a top U.S. Coast Guard security assessment for its six state-owned, public marine terminals.
January 29, 2024Norfolk Southern Q4 Profit Down 33%, Derailment Costs Rising
Norfolk Southern’s Q4 profit fell 33% due to the ever-growing costs of the cleanup of last year’s derailment in eastern Ohio, but the railroad did deliver 3% more shipments in the quarter.
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