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The post Daily Infographic: 10 Best truck stops in America appeared first on FreightWaves.
U.S. parcel shipping activity is expected to grow 5% per year over the next five years, continuing what is expected to be an increase over pre-pandemic volume projections despite a slowdown in 2022, according to an annual parcel shipping index published Tuesday by global shipping and mailing company Pitney Bowes Inc. By 2028, annual U.S….
Just three weeks ago, the monthly FreightWaves “State of Freight” webinar for February didn’t feature many bullish factors that our experts were seeing in the market. During the March “State of Freight” webinar, the outlook was generally as bearish as earlier. With at least one indicator turning slightly higher, there may have been at least…
First-quarter results for C.H. Robinson were a sea of down arrows, as had been expected at the giant brokerage company. Declines in key benchmarks were well into the double digits at C.H. Robinson (NASDAQ: CHRW). Gross profits were down 24.7%. Income from operations declined 53.4%. Diluted earnings per share dropped 53.2% and adjusted EPS declined…
Volvo Group sold and delivered more trucks in the first quarter than in any Q1 in its history. The Swedish truck maker cited pent-up demand to replace aging fleets as a major factor. “Despite a deteriorating economic outlook with high inflation and rising interest rates, transport volumes and infrastructure activity have continued to be solid…
Peace Equipment LLC, a company headquartered in Edcouch, Texas, filed for Chapter 11 bankruptcy protection this week, citing rising operating costs and “reduced income in the trucking industry.” The company also noted merchant cash advances as being a contributing factor to Peace Equipment’s financial issues, according to court filings. Peace Equipment filed its Chapter 11…
MIAMI — The air logistics arm of Deutsche Lufthansa AG has started providing cargo handling services in the U.S. to ITA Airways under a contract unrelated to the German flag carrier’s pending investment in the Italian carrier and will collaborate on moving shipments worldwide once the deal closes, Lufthansa officials said. Lufthansa last month reached…