U.S. manufacturing activity contracted for a second month in December, capping the steepest annual slide in the key factory gauge since 2008 and helping to further tame price pressures.
January 4, 2023Search
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Congress OKs $350M for Great Lakes Icebreaker
Congress has authorized funding for a new icebreaker for the Great Lakes, a priority that the shipping industry and Sen. Gary Peters (D-Mich.) have sought for years to fight ice dams in the lakes and surrounding waterways.
January 3, 2023C.H. Robinson CEO Bob Biesterfeld Steps Down
C.H. Robinson on Jan. 3 announced the departure of CEO Bob Biesterfeld, and set in motion a process to find a permanent replacement while tapping an interim leader from its board of directors.
January 3, 2023Fresh Fragility in Global Trade Set to Be Revealed in 2023
Since 2020, a pandemic-fueled supply crunch, Russia’s war with Ukraine, and a deepening rift in the U.S.-China trade relationship have hammered home the idea that the world needs more resilient trade networks.
January 3, 2023Mississippi Barge Backup Stalls Millions of Tons of Cargo
Prolonged drought is jeopardizing waterborne trade along the Mississippi River, a basin that produces 92% of the nation’s agricultural exports.
October 7, 2022Rural Freight Corridors Among $273.9 Million in Grant Funding
The U.S. Department of Transportation has awarded $273.9 million to 12 projects that are designed to improve safety and freight movement on rural roadways in several states.
December 29, 2022Shippers Remain in Control of Rates, but 2023 Could Bring Balance
Shippers are in the driver’s seat as spot and contract rates continue to soften, but industry analysts said rates likely will stabilize throughout 2023.
December 29, 2022Ascend Adds Georgia Terminal
Ascend — a dry van, full truckload carrier that offers middle-mile supply chain solutions — announced it acquired a new terminal in McDonough, Ga.
December 29, 2022DOT Gets Funding Increase in $1.7 Trillion Federal Budget
The spending budget for the federal government’s fiscal 2023 includes an increase in funding for the Department of Transportation that is higher than the level requested by the White House.
December 28, 2022Shipping Insurers Back Off of Russia-Ukraine Trade
A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s war in Ukraine, a further sign of the industry’s growing concerns about losses stemming from the conflict.
December 28, 2022