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Spot rates for shipping containers jumped by the most in more than two years, a sign that a 16-month slump in ocean freight costs that helped ease the sting of goods inflation is over.

Lower freight rates, a moderation in brokerage gross margin and the cost of operating as a stand-alone public company hurt profits at RXO Inc. in the second quarter of 2023.

Profits at TFI International Inc. more than halved in the second quarter of 2023 to $128.2 million from $276.8 million in the year-ago period, the company said.

Amazon has begun offering its Fresh grocery delivery service to customers who aren’t Prime members.

Taylor Swift has reportedly given $100,000 bonuses to the truck drivers who have been transporting her concert equipment across the country during her epic Eras tour.

Local union leaders voted in favor of a tentative labor agreement that UPS and the Teamsters reached July 25, an important step toward finalizing a deal that covers about 340,000 workers.

Inflation is blamed for sending project completion costs soaring 68% since 2021 to today’s $840 million to complete a freight route for bringing goods into Alaska from the port in Anchorage.

Saia Inc. posted net income of $91.3 million in the second quarter of 2023, compared with $109.2 million in the same period a year earlier, the less-than-truckload carrier said.

Georgia officials announced plans to open a new East Coast distribution center in Effingham County to bring  Bradshaw 91ÊÓƵ’s products to customers faster through a partnership with NFI.

Old Dominion Freight Line Inc. profits fell 22.3% year-over-year to $292.4 million in the second quarter of 2023 from $376.1 million in the year-ago period, it said.