J.B. Hunt Transport Services President Shelley Simpson noted the trucking industry has entered a freight recession while discussing first-quarter results April 17.
April 18, 2023Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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J.B. Hunt Posts Lower Earnings, Revenue in Q1
CMA CGM Offers to Buy Bolloré Logistics for $5.5 Billion
Maritime transport giant CMA CGM SA has entered exclusive talks to buy Bolloré SE’s logistics arm for an enterprise value of 5 billion euros ($5.5 billion).
UPS, Teamsters Poised for Massive Contract Talks
High-stakes negotiations could start April 17 between the Teamsters and package delivery giant UPS that could have far-reaching reverberations.
Boeing’s Parts Issue Stifles 737 Max Deliveries
Boeing Co. is pausing deliveries of some 737 Max jets to address a production issue on the rear end of some aircraft.
Port of L.A.’s Seroka: No Contingency Plans for Strike
Port of Los Angeles Executive Director Gene Seroka said April 12 that there are no contingency plans if labor negotiations turn into a work stoppage or strike.
Brookfield Infrastructure to Buy Triton in $4.7 Billion Deal
Brookfield Infrastructure Partners agreed to buy Triton International, the world’s largest owner of intermodal shipping containers, for $4.7 billion.
House Lawmakers’ Bill Targets Shipping Operations
Enhancements to the connectivity and security of the nation’s supply chain are proposed in legislation recently introduced in the U.S. House of Representatives.
Get Ready to Pay More for a Stamp in July
The U.S. Postal Service is set to raise the cost of a first-class stamp from 63 cents to 66 cents, effective July 9.
Boeing Overtakes Airbus in Plane Deliveries
Boeing Co. delivered more jets in a single quarter than its archrival Airbus SE for the first time since mid-2018.
Laredo Regains Status as No. 1 US Port for February
The Port of Laredo, Texas, just went from the No. 1 inland port in the U.S. to the country’s No. 1 international trade port overall, beating large cities like Chicago and Los Angeles.