Another week, another record for container shipping spot rates. And alarmingly for shippers, upward rate momentum is now accelerating. Different indexes come up with different numbers, and the premium charges on top of spot rates are now so high that…
Third-party logistics providers Worldwide Express LLC and GlobalTranz Enterprises LLC said Friday that they have merged in a multibillion-dollar deal arranged by a consortium led by CVC Capital Partners, which is providing most of the equity to consummate it. The…
A June research report from Prologis (NYSE: PLD) points to several supply headwinds in industrial real estate markets that will make new facility completions fall short of demand over the next decade. The research arm of the San Francisco-based logistics…
Change is good: Judge Judy was better than Judge Wapner, and Taylor Swift is a marginal improvement on the Archies. Change is bad: Spitting snow becomes a blizzard, leaving you with 16 inches of visibility on I-29 somewhere between the…
A medical clinic chain that provided vital health care services for truck drivers shuttered its doors and filed for Chapter 7 bankruptcy on Thursday. The THT Group Inc., doing business as Truckers Health Team, has closed all 14 of its…
On today’s episode, Dooner and The Dude are talking to Allegiant Logistics CEO Shay Dixon about building a minority woman-owned and led 3PL in Atlanta. Owner-operator LaKeesha Martin joins us to talk about self-defense for drivers and The H.E.R. Method:…
An industry group focused on international trade is warning that air and rail freight transportation could be negatively impacted if tensions escalate between Western allies and Belarus over the forced landing of a passenger jet and the arrest of a…
NextNav, whose primary product is a next-generation GPS system that provides far more spatial data than a standard system, such as where in a building an item is located, is going public through a merger with a special purpose acquisition…
“If I had a nickel for every time I heard …” Add “record.” “If I had a nickel for every time I heard the word record associated with a U.S. port’s monthly volume … .” U.S. ports continue to rake…
Stevens Transport was founded by Steven L. Aaron in Dallas, Texas in 1980 in the wake of the deregulation of the trucking industry. Steven had just sold his first business endeavor, Stevens Food, a meatpacking business based in Paris, Texas. …
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