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The post FreightWaves Infographics: 8 charged in beer heist targeting Northeast trains, distribution centers appeared first on FreightWaves.
Corpus Christi, Texas, and the Port of New Orleans saw increased cargo volumes in February, led by container exports of plastic resins and chemicals, along with shipments of crude oil. Port of New Orleans reports 11% increase in container volumes Boosted by shipments of coffee, chemicals and plastic resins, the Port of New Orleans saw…
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…
A monthly survey of activity in the supply chain published Tuesday registered an all-time low in April. The Logistics Managers’ Index (LMI) produced a reading of 50.9 during the month, a new low for the 6.5-year-old data set. This was the third consecutive month the growth rate slowed, albeit only 20 basis points lower than…
Freight pundits have spent plenty of time over the last few months wondering when conditions would improve. In the first quarter, despite that initial glimmer of hope in the beginning, capacity remained too high for demand. That pushed rates further downward and contributing to big-ticket acquisition and bankruptcy news within trucking. It did not help…
Commercial vehicle parking and storage provider Semi-Stow announced Tuesday it has rebranded itself to Outpost and has raised $12.5 million in Series A funding led by GreenPoint Partners with participation from Speedwagon Capital Partners. The United States currently has approximately 313,000 truck parking spaces for a populace exceeding 3.5 million active drivers. This translates to…
Japanese automaker Toyota said it will invest $328 million to produce a new hybrid model of its popular Tacoma pickup truck in Mexico. The company plans to expand its factory in the central Mexican city of Guanajuato, where Toyota already produces its Tacoma truck line for the North American market. “Toyota has informed us of…