A strong quarter for 3PL Expeditors, but ocean freight shows some weakness
Revenue growth for the ocean and air 3PL was strong, but margins at Expeditors tightened.
Revenue growth for the ocean and air 3PL was strong, but margins at Expeditors tightened.
Boeing 777 Freighter is one of the most sought-after cargo flights in recent history, with DHL Express and Qatar Airways finalizing orders at the Farnborough Air Show today.
New truck orders in May have doubled YOY; Navistar takes $50M in profits in Q2; the Permian Basin is out of workers; coal export volumes by rail are better than expected; air freight rates up 22% YOY; housing prices expected to outstrip inflation and wage growth.
Passenger and freight coming to a hub near you—sooner than you may think.
The Mother’s Day demand for reefer trucks full of flowers has stressed an already tight capacity segment that is hauling record fruit and vegetable tonnage. The result? An unprecedented spike in reefer spot rates.
Mack Trucks and Volvo discuss performance of their remote software update systems; Uber Freight is using autonomous trucks in Arizona; air cargo was up 8% in January YOY; the 3,000th Neopanamax container ship transited the Panama Canal; intensifying freight flows are driving oil demand.
SkyCell has 1,000 high-tech refrigerated air freight containers circulating through the global biopharmaceutical cold chain. They’ve reduced temperature deviations from a global average of 8.5% to less than 0.1%.
Truckers Against Trafficking has launched the Man to Man Campaign in an effort to eliminate human trafficking in the transportation industry.
In all, 35% of Americans will purchase flowers this year, says the Society of American Florists, totaling some $2 billion in sales, and the most of them get to their destinations via the trucks.
Conditions improved slightly for shippers in November according to FTR’s Shippers Conditions Index (SCI). The SCI recorded a -8.9 for November, slightly better than October but still solidly negative, the firm said.