Old Dominion Freight Line didn't brake for the general slowdown apparent in first-quarter U.S. GDP. The less-than-truckload carrier reinvested earnings in expansion.
The softening U.S. truckload spot market and more balanced capacity point to shippers seeking to secure more trucks from asset-based contractual partners.
There used to be few alternatives to manufacturing in China, but this infographic details how rising production costs in the "Factory of the World" is allowing sourcing competitors to threaten that dominance.
General Mills will be the first tenant at a tri-modal logistics facility near Manchester, England, set to open next year. The inland port will offer rail, truck and short-sea shipping links.
Large, diversified truckload carriers found detours around the "soft patch" in the U.S. economy during the first quarter, with most increasing revenue and profit. A lack of drivers may have held back some companies.
The Cass Truckload Linehaul Index rose 5.1 percent year-over-year in March and climbed 2.3 percent from February, a sign of healthy freight demand at the end of the first quarter.
The number of job openings for transportation, warehouse and utility workers rose sharply from a year ago in February, as a milder winter created more opportunities in logistics businesses.
Truck tonnage increased in March after a February fall, riding a wave of stronger consumer confidence, retail sales and U.S. imports.
In a major setback for the new Narendra Modi-led Indian government’s aggressive effort to rev up the economy, the nation’s merchandise exports for fiscal year 2014-15, which ended March 31, fell far short of the targeted $340 billion, according to preliminary trade figures released by the Ministry of Commerce and Industry.
U.S. diesel prices have fallen to a low not seen since Avatar raked in hundreds of millions of dollar at movie theaters across the country.