Hong Kong is poised to lose its ranking as the world’s fifth-busiest container port if cargo-handling trends continue.
January 4, 2018Search
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Here’s How the Winter Deep Freeze Will Affect the US Economy
A winter storm sweeping the U.S. East Coast after a week of very low temperatures is probably boosting demand for boots and mittens — and thanks in part to its timing, it shouldn’t chill economic data more broadly.
January 4, 2018Airfreight Prices From Europe Skyrocket in December
Airfreight rates between Europe and the United States surged in the final two months of 2017, hitting unprecedented levels in advance of the traditional volume spike from Asia that precedes the Chinese New Year in mid-February.
January 3, 2018Missouri Gas Tax Increase May Land on Ballot After Task Force Report
A panel set up by Missouri lawmakers wants Missouri voters to raise the state’s gasoline tax by a dime per gallon to help maintain one of the nation’s most extensive highway networks.
January 3, 2018Private Equity Group Acquires Redwood Logistics, Will Merge With Simplified Logistics
Private equity group CI Capital Partners acquired a majority interest in Redwood Logistics, one of the top freight brokers in the United States.
January 3, 2018Glass Hauler Belmont Joins Smokey Point Distributing
Specialized glass hauler Belmont Enterprises has joined Smokey Point Distributing, a flatbed and heavy specialized carrier that is part of the Daseke Inc. group of companies.
January 3, 2018Largest Automated Container Terminal Begins Operation in China
A $2.15 billion fully automated container terminal started operating at Shanghai’s Yangshan Port.
January 2, 2018QRC Logistics Cuts Ribbon on New Canadian Warehouse
QRC Logistics, a Canadian third-party logistics firm, opened a new 289,000-square-foot warehouse in Ontario on Dec. 20.
January 2, 2018Rep. Bill Shuster Won't Seek 10th Term
Rep. Bill Shuster (R-Pa.), chairman of the House Transportation and Infrastructure Committee, announced Jan. 2 that he will not seek re-election.
January 2, 2018Icy Rivers Slow New York Barges Trying to Deliver Heating Fuel
Shivering New Yorkers may have to pay more to get warm as ice in the Hudson River delayed fuel-barge deliveries and the U.S. government warned of a home heating-fuel shortage from the East Coast to Texas.
January 2, 2018