Exactly one year ago, SONAR’s ocean container bookings data revealed that U.S. import demand for containerized goods was dropping off a cliff, and while that same bookings data is still trending right alongside 2019 levels (as we forecast), the weakening global macroeconomic backdrop is continuing to add further downside risks to volumes. With U.S. importers…
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. One of the most infamous railroad crimes in history was the Great Train Robbery, which took place near Bridego Bridge north of London in 1963. In this true-crime episode of Tracks Through Time, Deputy Editor Brielle Jaekel is…
Norfolk Southern President and CEO Alan Shaw didn’t start out working for the railroads. Shaw graduated from college with a degree in aerospace engineering and one of his first jobs was working in shipbuilding in Newport News, Virginia. In late fall 1989, about the time of the fall of the Berlin Wall, Shaw had gotten…
Less-than-truckload carrier RIST Transport announced Thursday that it has acquired fellow carrier AMA Transportation. The deal expands direct service throughout New England for both companies. Customer service and technology enhancements were also touted in a news release. RIST and AMA have been carrier partners over the last two decades. Financial terms of the transaction were…
Furniture retailer Ikea said an affiliate has acquired supply chain software provider Made4net. The deal is expected to improve the company’s end-to-end fulfillment network. The investment arm of Ingka Group, which is Ikea’s largest store owner and operator, made the acquisition on Wednesday. Based in Teaneck, New Jersey, Made4net is a cloud-based supply chain and…