As nearshoring attracts more manufacturers to prime sites in Mexico, real estate firm Meor is betting big on continued demand for industrial space along the border. Meor, a real estate developer based in Mexico City, announced its search for U.S. equity partners to help fund a $1.7 billion plan to develop a multiphase portfolio of…
Less-than-truckload carrier Saia Inc. reported an 11% year-over-year (y/y) increase in tonnage per day during February. The increase was the combination of a 19% jump in shipments, which was partially offset by a 6.7% decline in weight per shipment. The y/y per-day growth rates accelerated from January, when the carrier’s shipments increased 11.8% and tonnage…
UPS Airlines will open by April a 275,000-square-foot hangar at its Worldport hub in Louisville, Kentucky, that is large enough to park two Boeing 747-8 cargo jets side by side, according to the company. UPS (NYSE: UPS) invested $220 million in the new facility, which triples the maintenance footprint in Louisville for the largest plane…
On a recent episode of Taking the Hire Road, guest host Leah Shaver, president and CEO of The National Transportation Institute, welcomed Avery Vise, vice president of trucking at FTR, for a conversation about the data behind trucking, the economy and the labor market. Vise has long been tuned in to the data that showcases…
Even with regulators shelving California’s Advanced Clean Fleets (ACF) rule for at least a few months, the first data released by the Port of Long Beach suggests how the drayage industry was getting ready for its launch at the start of this year. How the data is interpreted is a classic case of whether the…