From tires to cabs, big rigs are getting smarter with new systems aimed at getting trucks to run safer, more efficiently and with lower operating costs.
Trucking companies are hoping to turn the most robust freight market in years into stronger long-term financial footing. But analysts caution that rising wages could offset strong second-quarter results.
Container imports at the ports of Los Angeles and Long Beach jumped 8.4% in June amid ‘anxiety’ over trade tensions.
DJ Gribbin takes a senior role at Stonepeak Partners as the firm rolls out more funding for investments in infrastructure.
Grocers including FreshDirect are betting millions on high-tech distribution centers that will move food faster and convince customers to ditch supermarkets for digital shopping carts.
Private equity groups Stonepeak Partners and D1 Capital Partners buy into the company, the No. 2 provider of refrigerated warehousing in the growing market for refrigerated logistics.
Transportation operator leads off second-quarter earnings reports for sector saying it saw double-digit gains in trucking, rail pricing measures.
United Parcel Service Inc. and negotiators for the Teamsters union have reached a tentative agreement on a new five-year contract for unionized workers at the UPS Freight trucking division, the company said Friday.
As consumers increasingly do their shopping online, the availability of warehouse space to store those goods and fulfill orders is declining across the U.S. The availability rate of such spaces has now fallen for a record 32 consecutive quarters, says CBRE.
Report says imports of manufactured goods have been growing faster than U.S. output for years despite push to bring back American production.
President Trump declared a “new phase” in the relationship between the U.S. and the European Union, agreeing to hold off on proposed car tariffs and work with the EU to resolve their dispute over metals duties. 647
China’s state-run Cosco Shipping Holdings Co. was hit by a cyberattack that disabled its U.S. website and email systems, but it hasn’t disrupted its global shipping operations, the company said.