Logistics Management Group News Editor Jeff Berman and Tom Madine, CEO of Worldwide Express, a Dallas-based privately held freight brokerage and authorized UPS reseller, spoke…
Posts published in “News, Logistics, 3PL, Transportation, Motor Freight,”
June’s shipment reading—at 1.203—fell 2.3% annually, and June expenditures—at 4.665—rose 25.0% annually, slightly below May’s 27.5% annual gain. Source: logistics Mgmt
The national average—at $5.568—fell 10.7 cents below the week of July 4, which came in at $5.675. And that decline was in line with a…
Earlier this week, the United States Supreme Court denied review—or Certiorari—of the Circuit’s reversal against the injunction of AB5 (Assembly Bill 5) in California, a…
May’s TVI dry van freight reading—at 256—was down 3.7% compared to April (April was down 10% compared to May), with the refrigerated TVI—at 190—also down…
For April, the TCI came in at 3.21, well above March’s -7.38, which was the first negative TCI reading since May 2020. Source: logistics Mgmt
The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index, for May, came in at 117.1 (2015=100), following a 1.4% April decline, which was upwardly…
Ryder officials said that adding these new locations are part of its strategy to grow its broader transportation service offerings, which include freight brokerage, transportation…
The weekly national average—at $5.703—climbed 16.4 cents over the $5.539 average, for the week of May 30, which was down 3.2 cents compared to May…
Greenwich, Conn.-based freight transportation services provider XPO Logistics said earlier today that it has filed a confidential Form 10 registration statement with the United States…
April’s TVI dry van freight reading—at 273—was off 10% compared to March, with the refrigerated TVI—at 190—and the flatbed TVI—at 229—down 10% and 6%, respectively,…
The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index, for April, came in at 115.8 (2015=100), falling 2% on the heels of a 1.8%…
For March, the most recent month for which data is available, the TCI came in at -7.38, down significantly from February’s 12.06 reading, a month…
Quarterly revenue—at $3.47 billion—increased 16% annually an 41% compared to the first quarter of 2020, representing the fifth straight quarter XPO’s revenue has set a…
Yellow Corp., which controls 10 percent of the $46 billion less-than-truckload (LTL) market, has begun a proposed change of operations that CEO Darren Hawkins says…
The February SCI came in at -17.9, down from January’s -10.1, topping March 2021 as the “toughest month to date for shippers,” noted FTR. But…
The new funding includes: a $160 million Series E preferred equity round led by Baillie Gifford and funds and accounts advised by T. Rowe Price…
The report’s first quarter shipment index value—at 118.9—was down 2.2% compared to the fourth quarter and headed up 1.1% annually. As previously reported, for calendar…
The February TCI reading came in at 12.06, up from January’s 11.46, with FTR noting that the gain came amid what the firm called a…
With a $0.028-cent increase, this week’s national average came in at $5.101. This followed a $0.071-cent decline, to $5.073, for the week of April 11,…