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Location:
11859 S Central Avenue
Alsip, IL 60803
Phone:
(708) 597-8700
E-mail:
info@firstlogisticsllc.com

Q2 U.S. Bank Freight Payment Index highlights strong freight shipment and spend levels
Myriad signs of economic improvement—driven by things like more people getting vaccinated, strong retail sales, high imports, construction and manufacturing output—helped propel second quarter freight shipments and spend levels to high levels, according to the most recent edition of the U.S. Bank Freight Payment Index, which was recently released by Minneapolis-based U.S. Bank.
U.S. rail carload and intermodal volumes are up for the week ending July 17, reports AAR
Rail carloads—at 235,303—saw a 9.7% annual increase, topping the weeks ending July 3 and June 26, at 236,486 and 237,117, respectively.
Uber Freight goes big, in $2.25B acquisition of Transplace
Earlier today, San Francisco-based Uber Freight, a subsidiary of the ubiquitous, ride-sharing service Uber, whose proprietary app matches trucking companies with loads to haul, announced it is acquiring Frisco, Texas-based Transplace, a non-asset-based third-party logistics services provider, for roughly $2.25 billion and consisting of up to $750 million in common stock of Uber.

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