The Yellow Corp. shutdown is having a downstream effect on the less-than-truckload space as freight volumes flow toward competitors.
August 24, 2023Logistics 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.
Yellow’s Shutdown Opens Up LTL Market for Competitors
July Cargo Volumes Decline at Most Ports
Cargo freight volumes in July remain depressed and well below 2022’s record levels, especially at West Coast ports.
August 24, 2023Walmart, Alphabet to Test Wider Drone Deliveries
Walmart Inc. is planning its longest drone deliveries yet by teaming up with Alphabet Inc.’s Wing unit at two Dallas-area stores. Â
August 24, 2023Biden’s Visit to Hawaii Coincides With More Federal Relief
President Joe Biden’s visit Aug. 21 to Maui was bolstered by a $3 million Federal Highway Administration emergency grant and tax relief for people and businesses impacted by the wildfires.
August 23, 2023Private Equity Firm H.I.G. Buys 3PL Ascent Global Logistics
A unit of H.I.G. Capital is to acquire third-party logistics provider Ascent Global Logistics for an undisclosed sum, the Miami-based private equity group said Aug. 22.
August 23, 2023Two Tankers Collide in Egypt’s Suez Canal
CAIRO — Two tankers carrying oil products and liquefied natural gas collided in the Suez Canal, briefly disrupting traffic through the global waterway, Egyptian authorities said Aug. 23.
August 23, 2023Truck Tonnage Dips 3% Year-Over-Year in July
Truck tonnage in July declined by 3% compared with the same month in 2022, the fifth consecutive year-over-year decline and an indication that softness in the freight market persists.
August 22, 2023Storm Moves On but Floodwaters Remain in Southern California
PALM DESERT, Calif. — Tropical Storm Hilary swept people into swollen rivers, toppled trees onto homes and flooded roadways as the massive system marched northward Aug. 21.
August 21, 2023Uber Freight Partners With Redkik on Cargo Insurance
Uber Freight is partnering with the insurance software company Redkik as part of a strategic collaboration to revolutionize per-load cargo insurance, the companies announced Aug. 17.
August 21, 2023Port of Baltimore Welcomes Biggest Containership Ever
On Aug. 19, the largest containership to ever visit Maryland sailed into the Port of Baltimore.
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