The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index dipped 2.6% to 109.2 (2015=100) from January’s 112.1, which was up 1.6% compared to December (and downwardly revised from an initial reading of 2.0%).
Global freight indexes provided by the online freight marketplace Freightos are now available on Thomson Reuters flagship financial desktop product Eikon.
BTS said all five major transportation modes– truck, rail, pipeline, vessel and air –moved more U.S. freight with Canada and Mexico by value in 2017 compared to 2016. And it added that total value of cross-border freight carried on all modes rose 6.6 percent from 2016 to $1.2 trillion in current dollars.
FedEx has rolled out a new returns management offering that provides high-volume merchants and e-tailers with the “ability to quickly and easily improve their customer experience.” Fedex Return management, Reverse Logistics 3PL
Devine Intermodal is serving the booming city of Reno, Nevada, with help from the Port of Oakland
The biggest truckload carrier in the United States is growing by 400 trucks with a tuck-in acquisition that it says will immediately add $100 million in revenue and, just as importantly, 400 drivers to its fleet operations. Phoenix-based Knight-Swift Transportation says it is buying Richmond, Va.-based Abilene Motor Express for an undisclosed amount.
Carloads were up 1.6% at 256,075, and intermodal containers and trailers saw a 10.8% annual gain to 278,207.
As more consumers continue to buy groceries online, it has the potential to drive up the demand for roughly 35 million square-feet of United States-based cold storage space moving from retail stores to warehouses and distribution centers over the course of the next seven years. That is the main takeaway of research released this week…Details
Logistics managers shipping and sourcing out of the Southern California ports of Los Angeles and Long Beach may benefit from a new partnership forged by NEXT Trucking and Mitsui O.S.K. Lines.
February shipments, at 949,198, rose 13% annually, marking the fastest rate of growth going back to February 2016.Details