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ArcBest continued to execute a freight swap during February, replacing transactional shipments with more freight from key accounts. The actions led to another decline in tonnage, which was mostly offset by higher yields that are supportive of margins, a Friday filing with the Securities and Exchange Commission showed. The company’s asset-based unit, which includes less-than-truckload…
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By Bart De Muynck The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. Although transportation rates are still relatively low, companies have seen their overall logistics costs increase over the past few years. A big part of that has been due to increased…
British Airways has substituted widebody passenger aircraft on more than two dozen short-haul flights in Europe normally carried out by single-aisle jets to accommodate extra demand for cargo, parent company International Airlines Group confirmed. The airline is flying Boeing 777-200, 777-300 and 787-900 jets on certain routes from London Heathrow airport between January and April,…
An investment firm looking to make major changes at parcel technology and shipping company Pitney Bowes Inc. (NYSE: PBI) called Thursday for the ouster of longtime CEO Marc F. Lautenbach and non-executive Chairman Robert Dutkowsky, who two weeks ago was named to the role following the departure of then-Chairman Michael Roth. Hestia Capital Partners, which…
U.S. imports showed signs of life in March, rebounding from February, but the outlook remains highly uncertain. New data shows that wholesale inventories remain very high, while cargo flows from China are sinking. According to data released by Descartes on Tuesday, U.S. imports totaled 1,853,705 twenty-foot equivalent units in March, down 27.5% year on year…