Top Stories
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Breaking news: Worldwide Express, GlobalTranz to merge
The transaction, arranged by CVC Capital Partners, is set to close in the third quarter.
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Container rates rocket even higher — and there’s no end in sight
Container spot rates spiked again, with new records set. For importers, the worst is yet to come.
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Trucker health clinic chain abruptly ceases operations, files Chapter 7
The THT Group Inc., doing business as Truckers Health Team, abruptly closed all 14 of its clinics at various Pilot Flying J Travel Centers and…
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Prologis sees further tightening in logistics real estate supply
A Prologis Research report says new logistics real estate completions coming online will fall short of demand over the next decade.
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Pending Belarus sanctions could complicate East-West freight moves
Belarus occupies a key spot on the Trans-Eurasian rail line and is on the flight path used by airlines between Europe and Asia. Freight transport…
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NextNav, with its warehouse-ready positioning technology, going public via SPAC
Spartacus will acquire the company in a valuation of more than $1B; more than $400M will be plowed back into the business for growth.
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Broken records: ‘Historic cargo surge’ still making waves at US ports
The “unprecedented” influx of imports continues on the West and East coasts.
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TSA to exempt ‘secure’ exporters from new air cargo screening
New air cargo security rules require 100% screening of every shipment. The Transportation Security Administration says cargo from large warehouses with heavy security measures don’t…
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Bitter sale of trucking companies pits brother against brother
Two brothers have been embroiled in a yearslong dispute over how to sell off their cross-border trucking business so that each gets a fair share.
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What $70+ oil means to container, tanker and dry bulk shipping
Rising fuel costs are yet another woe for containerized cargo shippers, while widening spreads should benefit ships with scrubbers.
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