Anemic shipping volumes and weak pricing for transportation carriers in 2016 combined to push down total U.S. business spending on logistics, both in dollars and as a percentage of gross domestic product.
June 26, 2017No rankings are available for this year.
Extras
Logistics Spending Dips to $1.39 Trillion in 2016
FedEx to Open Distribution Center in Ohio
FedEx Corp. will open a new distribution center outside South Dayton, Ohio, in a couple of weeks, a company spokesman confirmed with Transport Topics.
Saddle Creek Expands Omnichannel Fulfillment Operations in Lexington, Ky.
Schneider Responds to Industry Demand With New Phoenix Facility
A new Schneider facility opened June 22 in Phoenix. A truckload, intermodal and logistics provider, Schneider’s investment indicates its response to “industry demand by significantly investing in this growing region,” according to a press release.
June 22, 2017Total US Logistics Spend Dipped in 2016, Says CSCMP
WASHINGTON — Anemic shipping volumes combined with weak pricing for transportation carriers in 2016 to push down total U.S. business spending on logistics, both in dollars and as a percentage of gross domestic product.
FedEx Profits Rise 65%
FedEx Corp. reported profits grew year-over-year, increasing 65% over the last 12 months and easily beating the Bloomberg News consensus forecast on both an annual and quarterly basis.
Illinois County Hires Former State DOT Secretary to Push Freight Plan
Former Illinois Department of Transportation Secretary Ann Schneider was unanimously hired by the Will County board June 16 to implement the Community Friendly Freight Mobility Plan that she helped create after amending her proposed contract.
June 20, 2017Truck Tonnage Rises in May
Truck tonnage rose 4.8% year-over-year in May, according to the monthly American Trucking Associations Tonnage Index, the largest gain since November 2016, echoing sentiments from analysts and trucking executives that the freight market has tightened in recent weeks as people spend more time outdoors.
June 20, 2017Illinois Inland Port Study Delayed by State Funding Holdup
DECATUR, Ill. — More than three years after state grants were authorized to help develop the Midwest Inland Port, the city of Decatur, Ill., is still waiting.
Online Sales Surge Benefits Truck Freight, Experts Say
While it’s no secret that more and more people are shopping online, less obvious is understanding consumers’ buying habits and patterns — which has great relevance for the trucking industry.