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The post Daily Infographic: US box shipments remain historically weak in Q2 appeared first on FreightWaves.
The post Daily Infographic: US box shipments remain historically weak in Q2 appeared first on FreightWaves.
A New York truck driver was recently sentenced to six months in prison after pleading guilty to stealing a tractor-trailer loaded with 1,560 cases of Mike’s Hard Lemonade worth nearly $33,000. Kelvin Garcia Liriano, 28, of New Rochelle, New York, was sentenced Friday in Westchester County Court in White Plains, New York, after pleading guilty…
The Georgia Ports Authority handled 5.4 million twenty-foot equivalent units in its 2023 fiscal year ending June 30, down 6.7% from fiscal year 2022 but higher than the 5.3 million TEUs moved in 2021 and the 4.5 million TEUs moved in 2019 before the COVID-19 pandemic. Of that total, GPA handled 1.13 million TEUs in…
Doug Waggoner, CEO of Echo Global Logistics, said he believes the freight market has bottomed out, shed excess trucking capacity and could stabilize by the end of the year. Founded in 2005 by Bradley Keywell and Eric Lefkofsky, Echo Global Logistics is a global provider of technology-enabled supply chain management services. Waggoner has served as…
Ryder has opened a 1 million-square-foot distribution center for printer and imaging technology manufacturer Lexmark International in Jeffersonville, Indiana. The facility streamlines Lexmark’s cross-border supply chain, while also speeding up shipping times and adding cost savings to deliveries, according to a news release. “Lexmark’s business is time critical, so equipment handling and transit time is…
Germany-based automotive supplier Robert Bosch expects to post $5.3 billion in sales by the end of the decade from hydrogen fuel cells, hydrogen internal combustion engines and electrolyzers that make hydrogen. It is the latest proclamation that hydrogen is emerging as a meaningful alternative to battery-electric vehicles, which lead the transition to zero tailpipe emissions…
FedEx will reduce flight hours by more than 10% and park more aircraft this quarter because of continued low demand for parcel and freight shipping, executives said Thursday. An 8% cut in aircraft utilization, sidelining nine cargo jets and downsizing to smaller aircraft on certain routes helped the integrated express logistics provider generate $1.2 billion…