Data has been a hot topic across the logistics industry for the past several years. Historically, the majority of conversations have revolved around capturing data. In today’s world, however, companies need to move beyond simply collecting information and begin leveraging it to make better business decisions. Leveraging data hinges on understanding data. That is where…
The recently formed Allison Ventures, a venture capital arm owned by Allison Transmission, has invested in Niron Magnetics. The company specializes in non-rare earth magnets that can be used to […]
As U.S.-Mexico trade continues to expand, Ryder System has opened a 228,000-square-foot logistics warehouse and cross-dock facility in Laredo, Texas. The warehouse is about 3 miles from the World Trade Bridge and includes 102 truck dock doors and parking spaces for 143 trailers. Just across the border in Nuevo Laredo, Mexico, Ryder is expanding a…
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On Monday, Seattle-based freight forwarder Expeditors International (NYSE: EXPD) released another lackluster quarterly earnings report, this time for the fourth quarter of 2023. Compared to Q4 2022, top-line revenue was down 34%, to $2.3 billion, operating income was down 40%, to $199 million, and net earnings were slashed by 28% to $159 million. Similar large…