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The post Daily Infographic: DHL investing $560M to expand supply chains in Mexico, South America appeared first on FreightWaves.
At times, innovation is born out of curiosity, as inquisitive minds look for ways to simplify dated processes. Often, however, it arises from necessity, driven by the need to compete on a global scale. Technology solutions provider Speedcargo was formed in response to necessity and has made global headlines for its work to provide scalable…
Despite a year-over-year decline, last month’s volumes were the second-highest ever for February for South Carolina Ports. Container volumes at the Port of Charleston totaled 201,418 twenty-foot equivalent units and 111,118 pier containers, down 13% from February 2022, the port said Monday. Volumes also fell from January, when SC Ports handled 215,238 TEUs and 118,179…
In his quarterly note to shareholders, Triumph Financial CEO Aaron Graft predicted that the headline on the earnings might be “TriumphPay swung to a loss this quarter” — one quarter after that growth segment at the trucking-focused bank had become EBITDA-positive. And so it was: Earnings before interest, taxes, depreciation and amortization for TriumphPay was…
The Canadian government and the union representing more than 9,000 Canada Border Services Agency (CBSA) workers reached a tentative agreement Tuesday that ends the threat of a work stoppage on Friday, officials said. “Border Services employees are critical to the safety and security of our borders and this tentative agreement recognizes the importance of that…
Jumbo Beverages announced a permanent layoff of all employees at its beverage distribution center in Grapevine, Texas. The company said the layoffs will affect 109 workers and will be finalized by April 30, according to a filing with the Texas Workforce Commission. The company did not provide a reason for the layoffs or the facility’s…
Amerijet, a midtier cargo airline based in Miami, said Wednesday it is returning six freighters to lessors, laying off nonpilot personnel and securing $55 million in capital from existing lenders as part of a restructuring aimed at stabilizing faltering finances and operations. The company said it will hand back six Boeing 757 freighters to its…