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Logistics News
Business, Technology, Equipment, Logistics

Spot Rate Bottom Unclear Amid Capacity, Demand Mix

Excess capacity in the spot market amid weakening demand has raised uncertainty over whether rates have actually hit bottom.

Connor D. Wolf | Staff Reporter
April 5, 2023
Business, Equipment, Logistics, Breaking News, For-Hire

FedEx to Merge Ground, Express Units

FedEx Corp. will combine nearly all of its ground, air and other operations by June 2024 as part of a $4 billion cost-cutting initiative, the company announced April 5.

Dan Ronan | Senior Reporter
April 5, 2023
Government, Business, Logistics, TCA

Monroe Container Port to Move Michigan Autos, Agriculture

Michigan’s first container terminal is rising in Monroe, potentially positioning the state to grow its supply chain, support auto manufacturing and move the state’s agricultural goods.

Myesha Johnson | The Detroit News
April 4, 2023
Government, Business, Safety, Logistics

Some CSX Conductors to Be First With Sick Time

OMAHA, Neb. — A group of CSX conductors will soon become the first train crew employees at one of the major U.S. freight railroads to have paid sick time.

Josh Funk | Associated Press
April 4, 2023
Business, Technology, Logistics

Walmart’s Job Cut Tally Tops 2,000 in E-Commerce

Walmart Inc.’s job cuts at five U.S. e-commerce fulfillment centers will affect more than 2,000 positions, according to regulatory filings.

Brendan Case | Bloomberg News
April 4, 2023
Government, Business, Safety, Logistics

Distraction, Speeding, Alcohol Drive Up 2021 Traffic Deaths

DETROIT — Nearly 43,000 people died in U.S. traffic crashes in 2021, the highest number in 16 years, with deaths due to speeding and impaired or distracted driving on the rise.

Tom Krisher | Associated Press
April 3, 2023
Business, Logistics, For-Hire

Penske Announces Kris-Way Truck Leasing Acquisition

Penske Truck Leasing announced March 30 that it has reached an agreement to acquire Kris-Way Truck Leasing Inc.

April 3, 2023
Government, Business, Equipment, Logistics

FMC: Terminals Can't Issue Detention Fees if Ports Closed

What began as a $510 small claims case brought by a trucking company has evolved into what some are calling a precedent-setting case.

Dan Ronan | Senior Reporter
April 3, 2023
Business, Technology, Equipment, Logistics

Walmart Launches New Online Look

Walmart Inc. has been pouring investment into its e-commerce operation for years in an effort to catch up with Amazon .com Inc. Now it’s trying to boost its appeal with a new online look.

Brendan Case | Bloomberg News
April 3, 2023
Business, Logistics

Fuel Tanker Demand Booming as More Oil Is Refined

The center of gravity in the global oil-refining complex is shifting sharply eastward — and that’s spurring a boom in the business of building ships to haul fuel around the globe.

Chunzi Xu and Alex Longley | Bloomberg News
March 31, 2023
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