Top Logistics Companies Join Forces to Purchase Forward Solutions
May 22, 2024
In a strategic move, leading logistics companies Cardinal Partnership, Davies Turner, and Woodland Group have purchased Forward Computers Limited.
Economics
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American Shippers Claim Canadian Ballast Water Rules Are Unfair
May 21, 2024
U.S. regulators are investigating new Canadian ballast water management rules that may unfairly impact American vessels in the Great Lakes trade.
Amazon and Walmart Post Strong First Quarter Results
May 20, 2024
Amazon and Walmart reported strong financial results for Q1, with Amazon's net sales reaching $143.3 billion and Walmart's revenue hitting $161.5 billion.
April Retail Sales Stagnate but Show Annual Growth
May 15, 2024
The U.S. retail sector experienced mixed results in April, with total sales flat from March but up 3% annually.
Freight Shipments Continue Downward Trend in April
May 15, 2024
April's freight market data from Cass reveals ongoing challenges, with a 1.6% month-over-month drop in shipments and a 4% year-over-year decline.
Record High in Container Production Expected for 2024
May 14, 2024
Container production reached a post-Covid peak of 521,000 TEU last month, which caught the market by surprise and led to shortages in equipment and vessels.
Nike Signs 20-Year Lease on New UK Supply Chain Hub
May 13, 2024
Nike has signed a 20-year lease with GLP to establish a new logistics campus at Magna Park Corby, covering 1.3 million square feet.
USPS Sees Increase in Revenue but Overall Net Loss in Q2
May 13, 2024
Despite a strong second quarter, including a $410 million revenue increase, the USPS reported a $1.5 billion loss.
Maersk Sees Silver Lining in Red Sea Shipping Challenges
May 2, 2024
Despite major disruptions in the Red Sea disruptions continue, Maersk predicts smaller losses than expected due to higher freight rates and volumes.
The Top 10 Risks Facing Supply Chain Professionals
May 1, 2024
The results from Lehigh's latest Business Supply Chain Risk Management Index Report are in and cybersecurity is a bigger issue than ever.
Is the Trailers as a Service (TaaS) Model Right For Your Business?
April 29, 2024
Wabash's TaaS offers flexible trailer solutions without the risks and costs of ownership or leasing.
South Korea Finally Overtakes China in Goods Exported to U.S.
April 25, 2024
Fueled by U.S. consumer demand for semiconductors, South Korea continues to make huge inroads as China fades.
North Carolina Welcomes Amazon’s Newest Mega-Warehouse
April 24, 2024
Amazon unveiled its newest warehouse in North Carolina, a 620,000-square-foot facility that will provide 1,000 new jobs to the area.
FedEx Announces Plans to Shut Down Four Facilities
April 23, 2024
FedEx will shut down four Southwestern Florida locations and lay off 200+ workers as the delivery giant looks to cut costs.
U.S. Manufacturing is Growing but Employment Not Keeping Pace
April 22, 2024
While President Biden continues to invest in U.S. manufacturing, job opportunities are simply not keeping up with the industry's growth.
