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Logistics News
Business, Fuel, Logistics

Spot Market Normalization Signals Uncertain Future

The spot market has been declining, but with rates and volumes still above historic norms it’s unclear where it will stabilize.

Connor D. Wolf | Staff Reporter
May 19, 2022
Government, Business, Safety, Logistics

House Panel Approves Water Bill

Legislation that would approve dozens of projects and studies under the purview of the Army Corps of Engineers was advanced by a committee in the U.S. House of Representatives on May 18.

Eugene Mulero | Senior Reporter
May 19, 2022
Business, Safety, Logistics

Industry Faces Obstacles in Bid to Mitigate Driver Shortage

SCOTTSDALE, Ariz. — Accelerated retirements, an aging workforce, a decadeslong declining birthrate and low unemployment rate continue to cause challenges for the trucking industry as it seeks to overcome the 80,000-plus driver shortage.

Dan Ronan | Senior Reporter
May 18, 2022
Government, Business, Logistics

Worker Shortages Snarl Shipping Even as Shanghai Lockdown Eases

China appears to be gradually easing its lockdown of Shanghai, but that won’t bring immediate relief to global supply chain congestion, according to a major shipping company.

Ann Koh and Kyunghee Park | Bloomberg News
May 18, 2022
Business, Technology, Logistics

Ryder Expands Last-Mile Delivery Network With Boise Hub

Ryder System Inc. opened a facility in Caldwell, Idaho, as part of a strategic expansion of its last-mile network, the company announced May 17.

Connor D. Wolf | Staff Reporter
May 17, 2022
Business, Logistics

Home Depot Overcomes Slow Start to Year, Rising Home Prices

Home Depot’s first-quarter sales improved despite a slow spring start, and the home improvement chain raised its full-year guidance.

Michelle Chapman | Associated Press
May 17, 2022
Government, Business, Logistics

Retail Sales Show Consumers Standing Firm in Face of Inflation

U.S. retail sales grew at a solid pace in April, reflecting broad-based gains and suggesting demand for merchandise remains resilient despite rampant inflation.

Olivia Rockeman | Bloomberg News
May 17, 2022
Business, Logistics, TCA

Icebreaker Shortage Freezes Up Supply Chain on Great Lakes

CLEVELAND — More than 1.6 million tons of cargo ship carrying capacity was delayed for 28 days due to ice conditions on Lake Superior, Lake Huron, Lake Michigan and in Green Bay. A lack of Coast Guard icebreakers hampered efforts to meet the needs of commerce.

The Star Beach | Ashtabula, Ohio
May 16, 2022
Business, Logistics

XPO Logistics Considers Sale of Freight-Forwarding Unit

XPO Logistics Inc. is considering a sale of its freight-forwarding unit as it continues to pursue divestitures, according to people with knowledge of the matter.

May 13, 2022
Business, Logistics

Bill Gates Sells $940 Million of CN Rail Stock

Bill Gates sold about $940 million of Canadian National Railway Co. shares, trimming one of the largest holdings of the investment firm that controls his $117 billion personal fortune.

Scott Carpenter | Bloomberg News
May 13, 2022
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