Air Transport: Air Transport Services Group, Inc. (Nasdaq: ATSG), the world’s largest owner and operator of converted Boeing 767 aircraft, announced today that its leasing subsidiary Cargo Aircraft Management has placed a second order with Boeing (NYSE: BA) for the conversion of four CAM-owned 767-300 aircraft into Boeing Converted Freighters…
Hydrogen alternatives: CERAWeek, one of the largest and most influential global energy forums, kicked off on Monday. Global energy markets remain volatile and uncertain, the organizers said in a statement, noting that “rising geopolitical tensions and nationalism, growing trade friction, supply chain bottlenecks, economic headwinds, and the pandemic” are complicating…
The Minneapolis-based retailer Target Corp.is seeking to extend its growth push after closing out 2021 with record-high revenue. Speaking at its annual investor meeting in New York, said its plans for the year include 30 new stores — ranging from urban locations like New York’s Times Square to midsize stores…
U.S. intermodal transports, in which railroads carry containers and truck trailers, were down nearly 12% in the first six weeks of this year from a year ago, according to the Association of American Railroads, after tumbling in the second half of last year even as retailers and manufacturers rushed to…
San Francisco-based freight forwarding and customs brokerage services provider Flexport heralded a $935 million Series E investment round, with this round bringing its post-money valuation to more than $8 billion. The raise follows years of uninterrupted growth for the company, particularly in the last twelve months, with Flexport’s revenue more…
A.P. Moller – Maersk announces the intended acquisition of Pilot Freight Services (Pilot), a leading U.S.-based first, middle and last mile as well as border crossing solutions provider, specializing in the big and bulky freight segment in North America for B2C and B2B distribution models, from ATL Partners, a sector-focused…
Trucking regulators have issued new guidance that strips away confusion over CDL testing standards and could help deploy entry-level drivers faster. The Federal Motor Carrier Safety Administration is amending its regulatory guidance to clarify that the regulations do not prohibit third-party testers from administering the commercial driver’s license knowledge tests…
Landstar System, Inc. (NASDAQ:LSTR) reported record quarterly revenue of $1.945 billion in the 2021 fourth quarter, a 50 percent increase over revenue of $1.296 billion in the 2020 fourth quarter. Following a record-breaking 2021 third quarter, the 2021 fourth quarter once again reset the standard as the best quarterly financial…
Two major players in the logistics industry are leading a group of companies investing millions in Phantom Auto, a fast-rising Silicon Valley company that has developed software enabling remote operation of forklifts and other material moving vehicles. Phantom Auto software makes it possible for forklifts to be remotely operated from…
About 800 dockworkers, kind of 1 in 10 of the day by day group of workers on the ports of Los Angeles and Lengthy Seaside had been unavailable for Covid-related causes. The Covid-19 Omicron variant is hampering efforts to transparent a backlog of about 100 container ships on the country’s…
The National Retail Federation expects some 20,000 people in New York City this month for its annual event, a major forum for supply-chain technology and logistics providers. Big logistics-industry conferences are moving ahead with in-person events in the coming weeks even as the Omicron variant rips through the U.S. and…
In the year 2022, the logistics industry is predicted to have a bright outlook and several new trends are expected to dominate the industry. Green Logistics: The global pandemic has pushed more companies to consider their own carbon footprints—and those of their business partners—and prompted a wave of concern on…
Business-to-consumer retailers — brick-and-mortar and eCommerce sellers alike — rely on the holiday season to bookend their sales year with a positive outcome. The economy can be unpredictable, so ending the year strong as shoppers plan their holiday gifts is crucial. Retailers expect to see a significant bump in sales…
Trucking company Central Freight Lines Inc. will shut down in the coming weeks after failing to end years of losses despite strong demand in freight markets during the pandemic. After 96 years in business, Waco, Texas-based less-than-truckload (LTL) carrier Central Freight Lines is closing its doors. Central Freight announced that…
The private companies that operate port facilities from Washington state to Southern California will begin negotiation on a multiyear agreement with the union representing 22,400 dockworkers to replace the contract that expires in July 2022. The union already rejected an offer by port terminal operators to delay negotiations until 2023….
President Joe Biden has ordered California ports to stay open all night to ease supply chain jams — but data showed that truckers weren’t showing up to collect the cargo. The number of boats at anchor, waiting to dock and unload at the crowded Southern California ports, reached record highs,…
Grocery stores in the U.S. may receive limited quantities of products or may lack some flavors or items due to labor, raw material, or transportation issues that food manufacturers are facing. The companies named increased demand, labor shortages, “supply chain restrictions” or “logistical challenges”. Parts of the US are now…
Postal service and logistics firms express concern that vaccine mandates will cause delays in the supply chain and mail. And more lawsuits are filed against the federal rules. In California, state officials are examining exemptions to vaccinations granted by doctors. Retailers are concerned about implementing the requirements during the busy…
While a global supply-chain crisis is crimping sales for companies from Apple Inc. to Caterpillar Inc., transportation firms are riding an unprecedented profit boom. Trucking companies, in particular, have seen freight volume and prices jump as imported goods flood into the U.S., easily making up for higher wages to recruit…
Oilfield workers are a tough breed. Some may be a little bit rough around the edges. Some may have little formal education. Some may have advanced degrees. Some do very hard physical labor. Some have it easier. It really depends on what role you play and what profession you are…
Amazon plans to add 150,000 temporary workers in the United States for the holiday shopping rush, a 50% increase from the company’s holiday hiring push a year ago. Amazon, like many retailers and logistics companies, is facing challenges hiring workers and is raising pay, dangling bonuses, and expanding benefits in…
Hundreds of thousands of containers are stuck at the ports of Los Angeles and Long Beach, West Coast gateways that move more than a quarter of all US imports. Dozens of ships are anchored ashore, with waiting times of up to three weeks. US president Joe Biden has hailed a…
Warehouses from New Jersey to Oregon: Demand for distribution workers has been soaring as more consumers are shopping online. Picking, packing, and shipping e-commerce orders is more labor-intensive than traditional warehouses operations that distribute wholesale goods or replenish inventory. More people are leaving the workforce because of concerns about getting…
The congestion in California continues to challenge the major US ports in Los Angeles and Long Beach, as demand surges and retailers pile up stock ahead of the holiday season. The backup impacts the nation’s supply chain because one-third of all imported cargo shipped on ocean carriers is processed at…
