Battered by trade wars, global demand for air cargo decreased by 3.5% in October compared to the same month in 2018, according to a Dec. 4 report by the International Air Transport Association of Geneva.
Author: Jim Stinson
Diesel Drops 2.1¢ to $3.049 a Gallon
The U.S. average retail price of diesel dropped 2.1 cents to $3.049 a gallon, the Department of Energy reported Dec. 9.
Hendrickson Truck Lines Files for Chapter 11 Bankruptcy
Hendrickson Truck Lines Inc., a small truckload and less-than-truckload carrier based in Sacramento, Calif., declared Chapter 11 bankruptcy Dec. 3, according to federal court documents, blaming a cut in rates and maintenance woes as reasons.
Lineage Acquires Emergent Cold as Refrigerated Supply Heats Up
Lineage Logistics Holdings said it will acquire Emergent Cold in the latest consolidation of cold-storage companies that do business globally.
Lineage Acquires Emergent Cold as Refrigerated Supply Heats Up
Lineage Logistics Holdings said it will acquire Emergent Cold in the latest consolidation of cold-storage companies that do business globally.
ELFA: October Equipment Financing and Leasing Up 14%
An index that measures equipment financing and leasing trends showed business activity in October up 14% year over year.
FedEx Disputes Report on Federal Taxes Paid in 2018
The CEO of FedEx Corp. came out swinging after a news report called into question the company’s track record on capital investments and tax payments in the wake of federal tax reform efforts.
Shippers, Carriers Shift Into High Gear for Cyber Monday
The holiday shopping season is here, and the big e-commerce day is expected to make shippers busy.
Coyote Predicts Spot Market Prices to Rise in Q1 2020
Coyote Logistics forecast truckload spot rates will increase heading into 2019’s peak season and continue into 2020 in its prediction for the final quarter of the year.
Electronics, Food and Beverages Targeted by Cargo Thieves in Q3
While two national cargo theft reports vary, top targets of thieves remain food and beverages, electronics and nonconsumable household goods such as vacuum cleaners and cleaning products.