Morgan Stanley cut its predictions on Thursday, just before earnings season began. The company thinks that the trucking industry will reach its “peak pain” in the second quarter of 2023….
Locomotive Batteries Considered for US Power Grid
Experts in California are exploring battery-electric trains as a potential energy storage solution for the U.S. power grid, according to an article in Nature Energy. Researchers at UC Berkeley and…
What are third-party logistics services?
“Third-party logistics services” or “3PL” refers to various agreements in the business world, such as those related to the storage or transport of goods. It is crucial for businesses as…
Oil Market Decline Drops Benchmark Diesel Price Again
Diesel’s baseline price for fuel fees has dropped. It is now at $3.767 a gallon. This is the 20th drop in 22 weeks. The price is the best until January…
UPS and Teamsters Reach Significant Economic Terms in Contract
The Teamsters union said Friday that UPS Inc. has made a contract offer that is a “significant move” in terms of pay, perks, and how workers are classified. The union…
Mars and Logistics Leader DHL Partner To Reduce UK’s CO2 Emissions By 7.7%
Confectionary bigwig Mars and logistics leader DHL have joined hands. Their purpose is to open a new logistics center leveraging the potential of cutting-edge technology dedicated to reducing UK CO2…
What is the next big trend in logistics?
Technology and environmental issues are growing quickly. The logistics sector is always changing to keep up. Businesses must adapt to new technologies, processes, and strategies to survive in today’s fast-paced…
Workers at the Miami-area site were ousted by XPO workers.
The Teamsters reached a deal with the LTL carrier. Workers at the first XPO plant, where the union was registered, decided to leave. A Teamsters local in Hialeah, Florida, had…
Investment in FreightTech Continues to Surge
Investment in FreightTech Continues to Surge Cart.com received $60 million in Series C funding, bringing its total worth to $1.2 billion. It is a unicorn. Meanwhile, two companies that work…
Oil Futures Surge As Retail Diesel Prices Decrease Again
The events in Russia over the weekend gave the oil market a small boost on Monday, but the price of the standard retail diesel fell for the 19th time in…