FreightWaves has published several stories in recent weeks about ongoing weakness in U.S. packaging demand, the result of intensifying pressure on Americans’ inflation-adjusted income as unprecedented government stimulus support wanes, elevated inflation persists and corporate layoff announcements multiply. Those pressures were evident in Costco’s March sales results a few weeks ago and have been similarly…
The U.S. Department of Homeland Security (DHS) announced it will be removing border vaccine requirements impacting all non-U.S. citizens entering the country as of May 12. “Beginning May 12, 2023, […]
The federal and Newfoundland and Labrador governments announced an investment of up to $306 million to expand the Trans-Canada Highway. Dominic LeBlanc, minister of intergovernmental affairs, infrastructure and communities, Seamus […]
Digital brokerage Uber Freight showed it was not immune to the downturn in the freight market, with the company again posting negative adjusted earnings before interest, taxes, depreciation and amortization, as the Transplace acquisition from late 2021 was still unable to pull all of Uber Freight to consistent profitability by that key EBITDA measure. The…
The first-quarter earnings of global logistics giants Kuehne+Nagel and DSV showed a remarkable drop in profits that reflected the industry’s quick cooldown in the past year — with a big silver lining. In reality, the down results were quite positive compared against historical trends and not the hyperinflated conditions of the pandemic, when supply chain…