The Port of Savannah kicked off 2024 with a modest gain in container shipments, moving 428,000 twenty-foot equivalent units in January, a 1.5% year-over-year (y/y) increase from the same month last year. The port ended calendar-year 2023 with a total of 4.9 million TEUs, a decrease of 16% compared to 2022. Higher inflation rates and…
Kimberly Fisk has been in the factoring business long enough to remember when factoring was known as the F-word. But the growth that Fisk, recently installed chief operating officer at Triumph Financial Services LLC, has seen in her more than 11 years at Triumph is enormous. Triumph now purchases about 600,000 invoices per month for…
Welcome to the WHAT THE TRUCK?!? Newsletter brought to you by Dynamic Logistix. In this issue, cell outage downs freight; Convoy returns; State of Freight recap; and more. Cell outage reverberates through freight X Solar flare, hack, EMP, botched network update? What happened? — Woke up at 6 this morning to a tweet from Chadad…
AT&T began experiencing sweeping outages of its cellular networks across the United States on Thursday morning. While mass reports of driver connectivity issues have not surfaced, back-end TMS and visibility systems are experiencing outages. Motive, Samsara and Trimble are a few of the transportation tech platforms that reported issues, warning customers of potential problems. These…
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)…