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The post Daily Infographic: Shelley Simpson named CEO at J.B. Hunt appeared first on FreightWaves.
The post Daily Infographic: Shelley Simpson named CEO at J.B. Hunt appeared first on FreightWaves.
Online marketplace PalletTrader reported Wednesday that it has reached 1 million transactions since its launch about eight months ago. The milestone comes as it rolls out an expanded service, which handles the e-commerce management for companies that would rather outsource, announced at FreightWaves’ Future of Supply Chain event in Cleveland. The standard PalletTrader service, which…
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Investment surges in Mexico as companies shift supply chains, plan new factories; Michigan 3PL acquires Mexican freight brokerage, signs lease for Arizona warehouse; American Woodmark opens $45M plant in Monterrey, Mexico; and Zipline Logistics acquires supply…
The company behind Northern Air Cargo has taken delivery of two widebody freighter aircraft this year and immediately placed them in storage because there isn’t enough business to operate them profitably despite the improved outlook for the global airfreight market, FreightWaves has learned. The decision represents the latest case of an all-cargo airline throttling back…
Fuel is one of the biggest costs in ocean shipping, and fuel pricing has seen some big changes in recent months, featuring new dynamics that haven’t been seen in years. Prior to the IMO 2020 regulation implemented on Jan. 1, 2020, most of the world’s commercial ships ran on 3.5% sulfur fuel known as high…
Optym, a provider of solutions for enhancing efficiency, on Tuesday announced it has secured a strategic investment from Venture 53, an industry fund. This investment will support Optym in further developing optimization tools to address the intricate challenges faced across various modes of transportation. Terms of the investment were not disclosed. “When choosing a capital…
With diesel futures markets having largely moved in circles the past three weeks, the pace of declines at the retail level is slowing. The benchmark price used for most fuel surcharges declined Monday for the 18th time in 19 weeks. But the decline of 0.3 cents a gallon to $3.794 in the Department of Energy/Energy…