American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index was down 0.2% in February, after increasing 2.5% in January.
Author: Jim Stinson
With Strong Traffic, Panama Canal Bonds Get Upgrade
The Panama Canal is doing so well, it got its credit rating upgraded by Moody’s Investors Service.
RK Logistics Group Deploys Fetch Robots in Its Warehouses
RK Logistics Group has unleashed the robots in its warehouses and distribution centers.
Average Diesel Price Drops 0.9¢ to $3.070 a Gallon
The U.S. average retail price of diesel dropped 0.9 cent to $3.070 a gallon, according to the Department of Energy, even as crude oil prices advanced near the $60 mark for a barrel.
New England Motor Freight Increases Severance Packages for Employees
About 2,500 workers will get additional severance pay from New England Motor Freight, a New Jersey-based carrier that declared bankruptcy in February, according to an attorney representing terminated employees.
Apollo Global Acquires Direct ChassisLink, Blume Global
Apollo Global Management acquired Direct ChassisLink Inc. and Blume Global Inc. from EQT Infrastructure, according to a joint news release from Apollo Global and Direct ChassisLink.
XPO Deploys New Labor Productivity Technology XPO Smart
XPO Logistics Inc. announced the launch of a labor productivity system for XPO Smart, its technology suite of optimization tools, according to a March 12 news release.
XPO Installs Two Tech Platforms to Meet Freight Challenges
Faced with a challenging freight business environment and growing e-commerce, XPO Logistics Inc. said it will add two new technology platforms, a cloud-based marketplace in Europe and a labor-productivity tracking system in at least 200 warehouses.
Average Diesel Price Inches Up 0.3¢ to $3.079 a Gallon
The U.S. average retail price of diesel rose 0.3 cent to $3.079 a gallon, according to the Department of Energy, as crude oil prices advanced slightly on March 11.
Descartes Posts 16% Profit Gain for Final Quarter, Full Year
The Descartes Systems Group Inc. reported profits grew 16% in 2018, according to a company earnings release.