Doug Waggoner, CEO of Echo Global Logistics, said he believes the freight market has bottomed out, shed excess trucking capacity and could stabilize by the end of the year. Founded in 2005 by Bradley Keywell and Eric Lefkofsky, Echo Global Logistics is a global provider of technology-enabled supply chain management services. Waggoner has served as…
On Monday, Georgia Ports released February container volume numbers for the Port of Savannah: total throughput of 451,670 twenty-foot equivalent units, good for 14.4% year-over-year growth. Loaded imports totaling 219,000 TEUs were up 19% year over year, and loaded exports of 121,930 TEUs were 10% above February 2023. To put the overall volume numbers into…
The Transportation Security Administration is easing the compliance burden on airfreight intermediaries by allowing the logistics businesses to submit applications renewing security credentials once every three years instead of annually, according to a recent regulatory notice. The rule change, which takes effect on Monday, impacts about 3,800 indirect air carriers registered with the TSA. The…
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Struggling freighter operator Amerijet International will close its small shipping station in Atlanta at the end of March in the latest attempt to reduce costs amid mounting financial losses driven by a prolonged downturn in freight markets and the end of some key contracts. The Miami-based cargo airline will shutter the warehouse it operated a…