New York-based e-commerce software and fulfillment provider ShipHero announced Tuesday morning it is splitting off its fulfillment business into a 3PL subsidiary, named LVK, to better serve customers. As the freight recession continues, companies across numerous sectors of the industry, including fulfillment, trucking, tech providers and more, are shutting down or experiencing massive layoffs. Launching…
FreightWaves, the world’s leading provider of freight market forecasting, data, news and analysis, has for the third time made the annual Inc. 5000 list of the fastest-growing private companies in America. The Inc. 5000 2025 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital and seemingly intractable…
With global oil markets having gotten a boost in futures markets the past two trading days from Mideast tensions that are on the verge of actual shooting, the benchmark price used for most diesel surcharges declined on the back of earlier weakness. The average weekly retail diesel price published by the Department of Energy/Energy Information…
Construction continues on the Georgia Ports Authority’s Blue Ridge Connector (BRC), which will expand intermodal rail service between the state’s northeast logistics corridor and the Port of Savannah. Wesley Barrell, GPA’s general manager of inland operations, told the inaugural Greater Hall Chamber of Commerce Logistics Forum, “Construction is moving along well. With another six weeks…
Two railroad contractors were indicted by a federal grand jury in Kansas on charges related to using their positions to orchestrate a scheme of swiping expensive watches and selling them online. Gerald “Jerry” Ditz and Michael Alaniz were indicted in the U.S. District Court for the District of Kansas in July. The men were employed…