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The post Daily Infographic: For the past six months average nationwide monthly gasoline prices have been below $4 per gallon appeared first on FreightWaves.
The post Daily Infographic: For the past six months average nationwide monthly gasoline prices have been below $4 per gallon appeared first on FreightWaves.
Lease signings for big-box facilities–those greater than 1 million square feet — fell 36% in the second quarter over the 2022 period, according to data from real estate services firm CBRE Group Inc. (NYSE: CBRE) published Friday. This triggered an 18% decline in total industrial space leased during the first six months to 373 million…
Demand and rates for airfreight transportation continue to soar through the normally soft summer season, powered by the unrelenting strength of e-commerce fulfillment from China and shippers pulling forward orders for the winter holidays to protect against rising costs, capacity shortages and worsening ocean shipping delays. Air cargo volumes remain elevated from major Asian and…
Borderlands is a weekly rundown of developments in the world of U.S.-Mexico cross-border trucking and trade. This week: Mexico recorded 237 cargo thefts the first two months of 2023; Port of Lazaro Cardenas will receive a $322 million investment; Penske Logistics is laying off 152 workers in Fort Worth; and a Texas contract manufacturer expands…
The Shipper of Choice award, presented by FreightWaves in partnership with TriumphPay, recognizes the manufacturers, distributors and retailers that do the best job of keeping the American economy moving by fighting driver detention, providing accessible facilities and understanding what it takes to remove inefficiencies from the supply chain. Among the top 25 Shippers of Choice…
Shekar Natarajan is out as president of logistics provider Quiet Platforms. In a statement issued late Monday, the company said that Natarajan had exited the company, effective immediately. His departure was due to disappointing results at Quiet and the need to pull back on expenses in order to “reset the business,” according to a memo…
CLEVELAND — China is far less the globally threatening bogeyman it projects as its 40-year economic boom cycle ebbs, geopolitical strategist George Friedman says. And all the saber-rattling about China invading Taiwan needs to be taken with a grain of salt as well. “The United States has done something really cool that very few people…