A militant group that is attacking container vessels along the Suez Canal in Egypt is causing shipment disruptions that threaten to inflict downstream effects on the U.S. trucking sector.
January 9, 2024Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
US Trucking Faces Downstream Effects From Suez Canal Attacks
Shipping Shows Signs of Panic as Houthis Menace Trade Lane
Container shipping is set to face a crunch ahead of the Lunar New Year holiday as Houthi attacks in the Red Sea restrict capacity, a major industry consultant said.
January 8, 2024Penske Logistics Names Jeff Jackson President
Penske Logistics has named Jeff Jackson president, succeeding Marc Althen, who is retiring. A longtime Penske leader, Jackson has more than 28 years' experience in transportation.
January 5, 2024Amazon Captured 29% of Online Orders Before Christmas
Amazon's share of online orders spiked in the final days of the holiday season, showing how big investments in delivery speed paid off as shoppers sought out products they could get quickly.
Spot Container Shipping Rates Soar 173% on Red Sea Threats
Short-term rates for container shipping between Asia, Europe and the U.S. are climbing on reduced capacity caused by the threats to cargo vessels in the Red Sea.
ATRI Asks Truckers for Views on Barriers to Female Drivers
The American Transportation Research Institute launched a survey seeking responses from both male and female drivers on barriers women face in pursuing driving careers.
Port Leaders Cautiously Optimistic for 2024
The nation’s port leaders are optimistic that 2024 will be good for container operators as billions in federal, state and private construction money pour into the facilities.
Ports Report Mixed Results in November
An economy that is returning to more balanced spending between goods and services was reflected in mixed November results across the nation’s ports, as container volumes stabilized even as shippers moved goods in anticipation of a busy holiday shopping season.
TFI to Buy Daseke for $1.1 Billion
TFI International Inc., a Canadian carrier that has been growing through acquisitions, announced plans to purchase flatbed specialist Daseke Inc. for $1.1 billion, including debt.
BWT Logistics Purchases North Carolina-Based 3PL IET
BWT Logistics is set to acquire Lowell, N.C.-based third-party logistics specialist International Express Trucking for an undisclosed sum.