With the Red Sea crisis roiling shipments of everything from cars to energy, it’s a matter of time before soaring costs and supply chain strains show up in companies’ earnings reports.
January 23, 2024Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
PS Logistics Unit Expands Flatbed Division in North Carolina
PS Logistics’ Blair Logistics unit announced it has acquired the flatbed division of Kenly, N.C.-based ELS for an undisclosed sum.
January 23, 2024Ports on Both Coasts Wrap 2023 Below Year-Earlier Levels
The nation’s port leaders say that while container volume was down in the Pacific, Atlantic and Gulf of Mexico facilities, overall trends for 2024 are pointing up.
January 23, 2024Forward Air Reaches Deal With Omni Logistics on Acquisition
Forward Air Corp. and Omni Logistics have settled litigation surrounding a planned merger that allows a deal to proceed under amended terms, the companies announced Jan. 22.
January 22, 2024STB Calls for Status Hearing on Gulf Coast Amtrak Project
The U.S. Surface Transportation Board, which oversaw hearings into the possible restart of Gulf Coast rail during 2022, is calling the parties involved in the case for a status hearing.
January 22, 2024J.B. Hunt Reports Revenue Declined to $3.3 Billion for Q4
J.B. Hunt Transport Services Inc. reported a decline in fourth-quarter earnings as a result of weaker performance across its segments and rising insurance costs, the company reported Jan. 18.Â
January 19, 2024AI, Analytics, Automation Drive the Development of TMS
Transportation management systems have evolved to provide real-time data and advanced analytics to improve freight visibility and fleet decision-making.
January 19, 2024Red Sea Attacks Disrupt Food Trade, Risk Higher Grocery Costs
Chaos in the Red Sea is starting to disrupt shipments of produce from coffee to fruit — and threatening to halt a slowdown in food inflation that brought some relief to strained consumers.
January 19, 2024CMA CGM, Subsidiary Ceva to Buy UK Logistics Firm Wincanton
French shipping giant CMA CGM SA agreed to buy U.K. logistics company Wincanton Plc, part of the billionaire Saade family’s buying spree to diversify its transport operations.
January 19, 2024Cargo Processing in Texas Improved at Del Rio Land Port
Better processing of commercial vehicles by the U.S. Customs and Border Protection in Texas at the Del Rio Port of Entry is resulting from a small donated infrastructure project.
January 18, 2024