Daily Infographic: 573 layoffs hit logistics firms in California, Illinois and Michigan

All three legs of the diesel market are going through extreme volatility, and it showed up in the weekly benchmark price used for most fuel surcharges. The average weekly retail diesel price for ultra low sulfur diesel (ULSD) posted by the Department of Energy/Energy Information Administration rose 21 cents, to $4.109 a gallon. As large…

Universal Logistics Holdings’ first-quarter results showed year-over-year (y/y) decreases in its trucking, intermodal and managed brokerage segments, while the company’s total revenue increased 12.5% to $491.9 million. “The first quarter was certainly a challenging environment for our transactional transportation business, but overall, I’m extremely pleased with our results,” CEO Tim Phillips said during an earnings…

For some Americans, the International Longshore and Warehouse Union ports strike in Canada never made it on their radar. But while Canada will feel the impact far more than the United States, that does not mean we got away squeaky clean.  The impact of the container reconsignments and vessel diversions we saw during the past…

Reducing carbon intensity of fuels used in the transportation industry has gained a lot of attention in recent years due to changing environmental regulations and pressure from supply chain partners. As the largest contributor to greenhouse gas emissions in the United States¹, the commercial transportation industry is a major player in creating a lower carbon…

A decline in flight hours for all-cargo airlines is another data point to gauge the sagging airfreight market that is typically measured in volume by tonnage or weight by distance carried. Freighter aircraft utilization fell an estimated 8.1% in January, the second steepest decline in three years after a 9% drop in December, according to…

East Coast container ports are shut down by a strike by International Longshoremen’s Association workers, but that hasn’t stopped the parade of inbound ships from queuing up outside those maritime hubs. “Currently, there are over 400,000 twenty foot-equivalent units (TEUs) being carried on the queued vessels outside the affected East and Gulf Coast ports, another…