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Procurement platform GoodShip unveiled Wednesday its most recent product update, introducing the innovative proprietary scenario builder. This feature empowers GoodShip’s shipper clientele to meticulously craft personalized constraints, facilitating a comprehensive assessment of prospective procurement outcomes. By aligning these insights with their supply chain objectives, clients can make optimal decisions, ensuring a strategic and informed approach…
PS Logistics announced it has acquired flatbed and dedicated truckload carrier Buddy Moore Trucking (BMT). The combination of the two Birmingham, Alabama-based transportation providers will expand PS Logistics’ presence in the Southeastern U.S. Founded in 1999, Buddy Moore Trucking touts a flatbed fleet of 130 tractors and a dry van operation with 120 trucks. It…
Officials at Los Angeles International Airport said Monday they have selected a consortium led by Aeroterm, the largest manager of on-airport air cargo real estate in North America, to redevelop obsolete cargo facilities across the sprawling complex into a consolidated, technically advanced cargo village that increases capacity and efficiency. The cargo improvement project is the…
UPS Inc. has made a contract offer to the Teamsters union that the union said Friday represents “significant movement” on wages, benefits and worker classification language. The company has also pledged to have a deal done by Wednesday to cover 340,000 Teamster employees, the union said. Despite the progress, it isn’t enough, the union said…
Debt ratings agencies may recently have cast a negative view of brokerage houses, but Moody’s has increased the outlook on Odyssey Logistics & Technology from stable to positive. The 3PL’s debt rating was affirmed at existing levels. RXO (NYSE: RXO) last month held on to its debt rating of BB+ from S&P Global Ratings (NYSE:…
Amid all the doom and gloom on container shipping and the talk of an impending recession, U.S. imports are rising off their lows. Inventory-to-sales ratios are still much higher than pre-COVID, yet monthly imports are now either at or above 2019 levels, depending on which data source you use. U.S. ports imported 2,020,197 twenty-foot equivalent…