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Trucking Weathers Another Increase in Cargo Theft for Q2

The trucking industry continued to weather an increase in cargo theft activity during the second quarter of 2024.

July 18, 2024

Global Shipping Strains Spark Fears of an Inflation Comeback

Merchandise trade is withstanding its first post-pandemic shock, with no noticeable flareup of global consumer prices. But that’s not guaranteed to last if snarls prove long-lasting.

July 18, 2024

Amazon Prime Day Drives Online Sales Up 11% to $14.2 Billion

U.S. shoppers spent $14.2 billion online during Amazon.com Inc.’s 48-hour Prime Day sale, up 11% from a year ago and in line with estimates, according to Adobe Inc.

July 18, 2024

Port of L.A. Container Volumes Up 14% on Strong Trade Activity

West Coast ports are closing out the first half of 2024 with strong trade volumes, boosted by an early peak season, solid consumer spending and threats of strikes at East and Gulf Coast ports.

July 17, 2024

Port of Baltimore Terminal to Have $1.54B Impact, Study Finds

The planned Sparrows Point terminal is expected to transform Maryland’s economy over a decade, generating more than 8,000  jobs and adding $1.54 billion a year in economic impact.

July 17, 2024

J.B. Hunt Reports $2.9 Billion in Revenue for Q2

J.B. Hunt Transport Services reported that second-quarter net income declined on revenue that fell just short of $3 billion.

July 18, 2024

CBP OKs Ports of Indiana Plan for Ocean Container Terminal

Creation of Lake Michigan’s first international container terminal serving the Chicago area is underway since CBP officials approved a Ports of Indiana-Burns Harbor plan.

July 16, 2024

Ryder Buys Mobile Maintenance Firm Pit Stop Fleet Service

Ryder System Inc. is set to buy Pit Stop Fleet Service for an undisclosed sum, it said July 15. The deal is expected to close by Aug. 1.

July 16, 2024

Cold Storage Firm Lineage Seeks Up to $3.85 Billion in IPO

Temperature-controlled storage and logistics giant Lineage Inc. is seeking to raise as much as $3.85 billion in its initial public offering.

July 16, 2024

Amazon Prime Day Sales Rise 13% in First Six Hours of Event

Amazon’s Prime Day sales rose about 13% in the first six hours of the event compared with the same period last year, according to Momentum Commerce.

July 16, 2024