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…
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….
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…
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…
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…
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….
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…
“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…
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…
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…