XPO reported Tuesday a continuation of muted trends in its less-than-truckload segment during May. Tonnage was down 2.3% year over year (y/y) in the month, following a similar previously disclosed decline in April. The tonnage decline in May was the combination of a 1.8% y/y increase in shipments and a 4% decline in weight per…
Bestpass, provider of back-office automation software and toll management for commercial fleets, announced the close of a multi-million minority investment by software investor Insight Partners. Insight joins Susquehanna Growth Equity […]
MIAMI — The decline in air cargo demand will slow to 3.8% this year, but airline cargo revenues will tumble 33% to $142.3 billion as a surge in passenger flights ushers in more capacity and global trade slows, according to a forecast by the International Air Transport Association (IATA). More disconcerting is that cargo volumes,…
Pallets are a necessary commodity in the logistics industry and are often bought and sold through pallet recyclers — many of which are small mom-and-pop businesses driving pickup trucks around town, picking up pallets and refurbishing them for sale. As the first of its kind, PalletTrader has stepped outside of the box and is changing…
Union Pacific and the Brotherhood of Locomotive Engineers and Trainmen (BLET) have reached an agreement that will provide locomotive engineers with up to seven days of paid sick leave. The agreement calls for five days of sick leave, plus the opportunity to convert two additional paid leave days as sick leave, according to UP (NYSE:…