Transportation prices grew from depressed levels for a second time in as many months during February, a Tuesday supply chain report showed. However, the rate of growth in transportation capacity was higher, signaling a meaningful recovery in the freight cycle is not yet underway. The subindex for transportation prices (57.6) increased 1.8 percentage points sequentially…
Memphis, Tennessee-based intermodal logistics provider IMC Logistics has acquired American Pacific Transportation, boosting the company’s drayage truck capacity across California. “As a result of this acquisition, we will have more than 500 trucks in California, signifying our commitment to our customers in this region,” Joel Henry, IMC’s CEO, said in a news release. American Pacific…
A New York truck driver was recently sentenced to six months in prison after pleading guilty to stealing a tractor-trailer loaded with 1,560 cases of Mike’s Hard Lemonade worth nearly $33,000. Kelvin Garcia Liriano, 28, of New Rochelle, New York, was sentenced Friday in Westchester County Court in White Plains, New York, after pleading guilty…
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Over the past few months, the Red Sea has shifted from a highly trafficked maritime passage to something more like a battleground. Attacks on cargo vessels by Houthi rebels have threatened both regional stability and the arteries of global commerce. On March 2, the Rubymar finally sank. The cargo ship had been targeted by Houthi…