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U.S. corporate bankruptcies thus far in 2023 are their highest since 2010, according to a new report from S&P Global Market Intelligence. S&P 500 earnings were down year over year in Q1 and are expected to continue falling in Q2. Financial conditions are tightening, in the form of higher interest rates and more stringent lending…
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J.B. Hunt Transport Services announced Thursday it has entered a long-term intermodal deal with Walmart that includes volume and capacity commitments. As part of the deal, J.B. Hunt will acquire Walmart’s intermodal assets. The multiyear deal expands an existing relationship between the two Northwest Arkansas companies, with J.B. Hunt (NASDAQ: JBHT) buying Walmart’s (NYSE: WMT)…
Cargo flow slipped slightly at ports in Houston and New Orleans in March but rose at the Port of Corpus Christi due to increased exports. Port Houston sees decline in monthly containers Port Houston’s total container volume dipped 3% year over year (y/y) in March to 300,589 twenty-foot equivalent units compared to the same month…
A monthly survey of activity in the supply chain published Tuesday registered an all-time low in April. The Logistics Managers’ Index (LMI) produced a reading of 50.9 during the month, a new low for the 6.5-year-old data set. This was the third consecutive month the growth rate slowed, albeit only 20 basis points lower than…
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. By Bart De Muynck I spent the past few days in Philadelphia at a logistics technology conference. Philly is the city of Rocky, the underdog boxer who gets to challenge the champion and…