KEY BISCAYNE, Fla. Truckload carriers struck an optimistic tone that a turnaround in the freight industry will occur in the second half of this year.
February 20, 2017Business, Government, Safety, Logistics, Fuel
XPOs Jacobs Sees E-Commerce as Key to Robust Growth in 2017
KEY BISCAYNE, Fla. XPO Logistics Inc. CEO Brad Jacobs wont rest on turning a profit with a company that lost money as recently as 2015, telling Transport Topics that hell double down on growing on the e-commerce wave through contract logistics, less-than-truckload and last-mile delivery services.
February 20, 2017Business
Truck Turn Times Fall in January Versus 2016 Levels at SoCal Ports
The average time it took a truck driver to enter and exit the two largest ports in North America increased by five minutes in January to 81 minutes, sequentially, according to monthly data from the Harbor Trucking Association of California.
February 20, 2017Government
International E-Commerce Will Triple to $900 Billion by 2020, Report Predicts
The total value of online purchases from international retailers is expected to triple to $900 billion by 2020 and result in new opportunities, and challenges, for transportation, logistics and warehousing companies, according to several reports out this month.
February 20, 2017Business
Daseke to Be Publicly Traded
KEY BISCAYNE, Florida Daseke Inc. will become a publicly traded company on Feb. 28, costing $10 per share, which will raise capital for more acquisitions during 2017, the company announced at the Stifel 2017 Transportation & Logistics Conference here in Key Biscayne, Florida.
February 15, 2017Business, Logistics
Tighter Brokerage Margins Crimp 3PL Profits
Third-party logistics companies reported a flurry of quarterly earnings, many with lower profits compared with a year ago.
February 13, 2017Business, Logistics
Intermodal Rail Traffic Up as Turnaround Takes Hold
Intermodal rail traffic grew slightly in the fourth quarter, but it wasnt enough to reverse a 2.1% decline in total volume for 2016, according to the Intermodal Association of North America.
February 13, 2017Business
Mike Williams to Become Next CEO at uShip
Freight intermediary uShip hasappointed Mike Williams its next CEO, effective Feb. 13.
February 8, 2017Business
2016 Cargo Thefts Hit $114 Million; Food, Drinks, Electronics Top Targets
Cargo thefts fell for the third consecutive year, but the value of the stolen goods vaulted 13.3% to $114 million, according to CargoNet.
February 6, 2017Business
Truckload Profits Beat Estimates From Analysts in Quarter
Truckload companies posted quarterly results that outperformed the negative predictions from industry analysts, although profits were lower for some.
February 6, 2017