An Allied Market Research report finds that the global third-party logistics market is expected to reach $1.1 trillion over the next six years.
July 8, 2016BusinessLogistics
Universal Logistics Says Second-Quarter Earnings to Trail Forecasts
Universal Logistics Holdings Inc. has become the third truckload operator to announce its second-quarter earnings will fall short of the average analyst estimate due to weak freight markets.
July 8, 2016BusinessLogistics
Schneider Truck Driver Wins National Award for 51 Years of Safety on the Road
Bob Wyatt, Schneider's most-decorated and longest-tenured driver, won the 2016 International Driver Excellence Award from the Commercial Vehicle Safety Alliance.
July 8, 2016BusinessLogistics
Iowa Lands $25 Million Grant for Freight Hub
A grant worth more than $25 million has been awarded to construct a Cedar Rapids intermodal transportation facility officials say is to become a one-of-a-kind freight hub for the state.
July 8, 2016BusinessLogistics
Shipping Firms Promise the EU Steps to Prevent Price Hike Collusion
BRUSSELS — Several container shipping companies have promised to change practices that potentially allowed them to raise the price of global goods transport, the European Commission announced July 7, following an investigation.
July 7, 2016BusinessLogistics
TransForce Acquires Canadian Operations of K.A.S. Personnel Services
Transforce Inc., a staffing agency for truck drivers, has acquired the assets of K.A.S. Personnel Services, another commercial truck-based staffing agency based in Mississauga, Ontario.
July 5, 2016BusinessLogistics
Global Shipping Slumps on Fears of Trade Crisis
The world’s largest ship broker admitted its business has been battered by weak global trade – underlining the crisis engulfing the shipping industry.
July 5, 2016BusinessLogistics
North Central Utility Breaks Ground on Minnesota Dealership
North Central Utility has broken ground on a dealership in Mankato, Minnesota.
June 30, 2016BusinessLogistics
Construction Starts on $13.5 Million Indiana Intermodal Facility
State and local officials joined executives from Transpoint Intermodal to break ground June 28 on a new $13.5 million, 64-job cargo transfer facility in Fort Wayne, Indiana.
June 29, 2016BusinessGovernmentLogistics
After Panama Canal Expansion, Port Manatee Optimistic for More Business
A Port Manatee trade executive has returned from ceremonies marking the expansion of the Panama Canal, saying he is optimistic that the expansion will reap big benefits for the port.
June 29, 2016