The second quarter of 2023 has revealed a potentially bleaker outlook for the freight market, almost reaching numbers of the freight recession witnessed in 2019. Discover the secrets behind success as we explore how freight brokers should navigate the uncertainty of a down market.
October 1, 2023Search
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Postal Service Reduces Air Cargo by 90% Over Two Years
WASHINGTON — The U.S. Postal Service has reduced its volume of shipments by aircraft by 90% over two years, putting the service on course to save $1 billion in annual transportation costs.
August 9, 2023Rivian Will Build 52,000 EVs This Year, More Than Planned
Rivian Automotive Inc. expects heavy losses to continue as it boosts production plans for the year and works to reestablish itself as a rising player in the increasingly crowded EV market.
August 8, 2023TFI to Buy Class 6-8 Truck Transporter JHT
TFI International is set to acquire Class 6 to Class 8 truck manufacturer transportation provider JHT Holdings Inc., it said Aug. 7.
August 8, 2023UPS Lost More Business Than Expected on Strike Threat
Profits at UPS fell year-over-year in the second quarter as the parcel carrier lost more business to rivals than expected due to uncertainty surrounding negotiations with the Teamsters.
August 8, 2023Kentucky Begins $30 Million Road Project at Owensboro Port
Kentucky Gov. Andy Beshear joined state officials in breaking ground on a $30 million highway expansion project for the Owensboro Riverport Authority.
August 7, 2023Cargo Airline Western Global Goes Bankrupt
Florida-based Western Global Airlines filed for bankruptcy protection with plans to slash its debt load after the cargo airline faced a cash crunch.
August 7, 2023Tyson Foods to Close Four Chicken Processing Plants
Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs.
August 7, 2023XPO Reports Q2 Income, Revenue Decline
XPO saw second-quarter net income and revenue decline, but the company sees momentum headed into the third quarter.
August 4, 2023Canada’s Titanium Transportation Buys Georgia’s Crane
Titanium Transportation Group acquired Oakwood, Ga.-based Crane Transport to drive growth of the Canadian company’s U.S. logistics business, it said.
August 4, 2023