Logistics in the supply chain is the planning and execution of efficient transportation and storage of goods from origin to consumption, aiming to meet customer requirements in a timely and…
A Labor Pact Ends the Vancouver-Prince Rupert Port Strike
The British Columbia Maritime Employers Association (BCMEA) announced that the container shipping ports of Vancouver and Prince Rupert in British Columbia, Canada, will reopen soon. A new labor deal has…
Freight Market Bottom May Be Near, Monthly Cass Report Suggests
The most important question in the freight market is when we will reach the bottom. The Cass Freight Index data indicated a worsening trend, but there was optimism for improvement….
FMCSA Advisory Panel Targets Predatory Leasing Contracts
A new group is investigating if trucking companies can use lease-to-own agreements to pressure drivers financially. The Truck Leasing Task Force (TLTF) of the Federal Motor Carrier Safety Administration discussed…
US Containerized Imports Still Outpacing Pre-COVID Levels
Experts have been predicting a U.S. recession for a year, but it hasn’t happened yet. Containerized imports haven’t slowed down yet, and they haven’t shown any signs of doing so…
Truckload Spot Rates And Tender Volumes Are Up
The number of truckload tenders has increased by 7% since the beginning of the year. However, they are still significantly lower than in 2021. Spot prices for truckloads have increased…
Trucking Industry Set for Recovery After Q2 2023, Morgan Stanley Says
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…