Marten Transport had a first quarter in which it drove more miles than in the first quarter of 2022, but in its truckload segment in particular recorded a significantly worse performance. That was not surprising in a quarter during which truckload rates as measured by the National Transportation Index for linehaul only (NTIL) in SONAR…
A container ship sailing from Shanghai to Kaohsiung, Taiwan, travels just 600 nautical miles. A container ship sailing from Shanghai to Los Angeles travels 9.5 times farther — 5,700 nautical miles — and incurs dramatically higher fuel costs. And yet, according to Xeneta, current long-term contract rates for these two completely different trades are now…
For decades, hydrogen has been the “just around the corner” hope to decarbonize transportation fuel. How much of a setback would it be if Nikola runs out of money before its ambitious hydrogen-powered truck and fueling infrastructure plans are realized? “If Nikola doesn’t make it, the big blow is really from what would happen to…
Technology has expanded rapidly across the logistics industry in recent years. As companies across the space have become more tech-savvy, the demand for shipper integrations has exploded. This demand makes sense. Integrations make it easier and more efficient to get loads from one place to another – and to gain visibility into the process. The…
Management from logistics real estate giant Prologis said Tuesday the nation’s warehouse market will remain tight moving forward as the supply side is facing headwinds. The company said “true months of supply” — a measure of current vacancies and space coming online compared to trailing net absorption — stands at 30 months. The metric is…