The United States’ import container fees are back to what they were before. The amount that the US exports has not changed. Even after the COVID spread, U.S. export prices…
Logistics vs. Operations vs. Supply Chain
Everyone involved in manufacturing, retail, and e-commerce frequently uses terms like “operations,” “supply chain,” and “logistics.” However, the concepts of these three are different from each other. What needs to…
Forward Air’s Acquisition of Omni: Market Impact
Forward Air’s stock has dropped a lot since the company announced last month that it was buying Omni Logistics, but two reports from debt rating agencies are much more positive…
I Squared Capital Invests $17M in Parade for AI Initiatives
Thursday, the capacity management platform Parade announced that it had raised $17 million in a venture round led by I Squared Capital. We are excited to be leading Parade’s funding…
Freight vs. Transportation: The Key Differences
Understanding the distinction between freight and transportation is crucial. Freight refers to payment for the carriage or transportation of goods via air, land, or sea, while transportation involves moving people,…
Estes Establishes New $1.525B Floor for Yellow Terminals
According to court documents that came out on Wednesday, Estes Express Lines’ new offer of $1.525 billion for Yellow’s hubs has become the favorite. In a Delaware bankruptcy court, Carrier…
Flexport’s Leadership Changed From Tech-Focused to Customer-Centric Approach
CEO Ryan Petersen told Logistics Press Release last week that former CEO Dave Clark was fired because Clark had ignored customers and freight growth in favor of expensive technology development…
Peak Delivery Surcharges Implemented by UPS
UPS Inc. has shared its peak holiday shipping prices, which are a little higher than those of FedEx Corp. for customers who ship in bulk. Between October 29 and January…
Union Disputes and Labor Practices: A Deep Dive into the Logistics Industry
The relationship between Werner Enterprises and the newly elected union is off to a rough start. Local 152 of the United Food and Commercial Workers (UFCW), which was recently chosen…
Controversial Deal Announcement Leads to Muted August for Forward Air
Forward Air, an asset-light service, followed the trend of other LTL carriers in reporting rising sequential volumes in August. The demise of Yellow Corp. was a major factor in the…