Port of Los Angeles April Container Cargo Dips 1%
The Port of Los Angeles reported a 1% drop year-over-year in volume that included a 4.7% rise in imports.
May 12, 2016‘Disaster Losses Have Grown Considerably,’ Says Rep. Barletta
The federal government needs to improve how it distributes disaster response funds without affecting quality, the chairman of a House subcommittee on emergency management said May 12.
May 12, 2016DHL Completes Three-Month Test of Delivery Drone
German firm Deutsche Post DHL completed a three-month test of delivery drone Parcelcopter on May 9 and became the first postal service to successfully deliver packages to customers by drone, according to the company.
May 12, 2016Intermodal Chassis Provider DCLI to Be Bought by Private Equity Firm
Private equity firm EQT Infrastructure II Fund has agreed to buy intermodal equipment provider Direct ChassisLink Inc. from investor Littlejohn & Co. for an undisclosed sum, a move that represents the latest shake-up in the provision of chassis for shippers, truckers, ocean carriers and railroads.
May 12, 2016Container Cargo Imports Grew in First Half of Year, New Report Projects
A new report is projecting that import shipments in the first half of the year grew 1.4% on the strength of a February surge in containerized cargo shipments.
May 12, 2016Wal-Mart Steps Up Attack on Amazon With Two-Day Delivery Service
Wal-Mart Stores Inc.’s ShippingPass e-commerce subscription program will begin offering delivery in two days rather than three, escalating competition with Amazon.com's Prime.
May 12, 2016Consumer Comfort Drops to Five-Month Low on Economic Views
Consumer confidence fell last week to a five-month low as Americans became more downbeat about the economy, Bloomberg Consumer Comfort data showed May 12.
May 12, 2016Nikola Motor Promises Prototype Electric Class 8 Truck This Year
Nikola Motor Co. will display a working prototype of a 2,000 horsepower Class 8 all-electric truck “later this year,” the manufacturer said.
May 12, 2016Jobless Claims Unexpectedly Rise to One-Year High
Applications for unemployment benefits unexpectedly increased last week to the highest level since February 2015 as filings surged in New York.
May 12, 2016Portland, Ore., City Council Approves Trucks-Only Tax
Round one in Portland, Oregon’s plan to tax only trucks went to Transportation Commissioner Steve Novick as the five-member City Council voted unanimously in favor of his plan on May 11.
May 11, 2016