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.
Last-mile delivery is expensive and complicated. Solutions range from smart lockers to GPS sensors and advanced data analytics look to change that equation.
When it comes to United States-based consumer preferences as they relate to home delivery shopping, one thing is clear: consumers want deliveries reaching their destination faster than they have in the past, and they view free shipping as a major benefit along with other shipping options, too. Those are some of the takeaways from the…Details
Commerce reported that February retail sales dipped 0.1% from January to February at $492.0 billion, while seeing a 4.0% annual gain. NRF reported that its retail sales data, which excludes automobiles, gas stations, and restaurants, saw a 0.3% seasonally adjusted gain from January to February and a 4.4% annual gain. Retail Sales Data 2018, Quarter…Details
POLA said it processed 725,059 Twenty-Foot Equivalent Units (TEU) in February, which represents a 16% annual gain and the highest-volume February in the port’s 111 years of operation. POLB February volumes rose 32.8% to 661,790 TEU for an all-time high for the month, which comes on the heels of an all-time high in January of…Details
Logistics Trends & Insights LLC, an Atlanta, Georgia-based consultancy, is conducting its third “Evolving Freight Forwarding Survey,” and invites LM readers to participate.