The cost of moving pretty much every dry-bulk commodity — from fertilizer to salt to rocks — has surged since July, lifting the London-based Baltic Exchange’s main freight gauge to its highest in almost four years.
December 11, 2017Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
UPS Eyes Delivery of Holiday Packages by Golf Cart in Colorado Town
Golden, Colo., residents could see the unwrapping of a new package delivery system right in the middle of this year’s holiday gift-giving frenzy, with UPS Inc. drivers swapping out their trademark brown trucks for golf carts with trailers.
December 7, 2017Retired Teamsters Facing Dramatic Pension Cuts See Hope in New Federal Legislation
Retired Teamsters around the nation who are facing dramatic cuts to their monthly pensions are keeping their fingers crossed that proposed federal legislation will keep them from financial ruin.
December 7, 2017Revenues Rise in 3Q for 3PLs as Shipments Jump
The third quarter saw a rise in freight shipments and revenues for logistics brokers compared with the same period a year ago, but profit margins fell 40 basis points due to cost increases in the spot market for trucks, according to the Transportation Intermediaries Association’s quarterly 3PL Market Report.
December 6, 2017UPS Switching to Three-Wheel Deliveries in Florida Town
Fort Lauderdale, Fla., will soon become the first city in the state to use electric tricycles to deliver packages to businesses and homes, according to UPS Inc. and city officials.
December 5, 2017UPS Warns of Temporary Delays After Cyber Monday Overwhelms Network
UPS Inc. is expecting slight delays in package deliveries after a surge in e-commerce sales swamped its network in the days after Thanksgiving.
December 5, 2017Soaring Global Freight Costs Expected to Squeeze Traders, Boost Food Prices
It’s getting more expensive to transport commodities around the world, threatening to squeeze profits for global traders and raise food prices.
December 5, 2017Shipping Billionaires are in a High Seas ‘Arms Race’
A shopping spree by two billionaires is shaking up a shipping industry still recovering from years of falling rates and overcapacity.
December 4, 2017Kroger Switches to Penske to Handle Trucking, Warehousing in Texas
Nearly 700 employees who work in a Kroger warehouse in Keller, Texas, were laid off when the supermarket chain terminated a relationship with SouthStar and signed with Penske Logistics, but Penske said individuals affected will be able to reapply for job
December 4, 2017Capitol Agenda for the Week of Dec. 4: New Jersey Drive
The dilapidated stretch of Interstate 95, or the Turnpike, along Newark’s metropolitan region in beautiful New Jersey needs to be repaired soon, and raising federal taxes on fuel is the way to go about it, Rep. Donald Payne Jr. said amid Congress’ debate on tax policy. A look at the week ahead for trucking on Capitol Hill.
December 4, 2017