The need for more investment in supply chains has been a common conversation in the C-suites of retailers, distributors and wholesalers for the better part of the last decade. As consumer brands advance their e-commerce ambitions, competitive and efficient home-delivery capabilities become a requirement. Even with a step down in the macroenvironment, supply chain costs…
In a development that would be shockingly good news for the trucking industry, Pennsylvania’s governor says Interstate 95 in northeast Philadelphia will reopen in two weeks. Two weeks from the Saturday announcement would put the reopening at one day less than three weeks since last Sunday’s collapse of a section of the highway caused by…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Exports of Mexican-built cargo trucks up 34% in May; a California commercial border crossing project receives $140 million; Mexico opens a $175 million highway project to boost trade with Texas; and a U.S. logistics firm is…
Chart of the Week: National Truckload Index Linehaul Only, Outbound Tender Rejection Index – USA SONAR: NTIL.USA, OTRI.USA The average dry van truckload spot rate excluding the estimated cost of fuel (NTIL) has increased 4.2% since the end of April, while carrier contracted load rejection rates are still near all-time lows. While overall capacity is still extremely loose,…
New details have emerged about Tiger Cool Express’ financial health leading up to the company’s abrupt closure on Tuesday. A source familiar with the situation at the now-shuttered refrigerated rail shipping and logistics firm said Tiger Cool Express refinanced its equipment with Wells Fargo Bank a few years ago. The company had more than 700…