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Estes Express Lines and R+L Carriers affiliate Ramar Land Corp. said they will pay US$192.5 million for eight owned properties and four leased terminals from the administrators of Yellow Corp., the bankrupt less-than-truckload carrier.Estes will pay US$142.5 million for seven owned and four leased terminals with a total 939 doors combined, according to Dec. 10 federal bankruptcy court filing.The seven owned properties are in Tracy, California; Fort Wayne and Jefferson, ...
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Singapore-based carrier Ocean Network Express, or ONE, will join Ocean Alliance members CMA CGM, COSCO Shipping Lines, Oriental Overseas Container Line and Evergreen Line in three North Europe Transatlantic services, effective from February 2025.
“Combining our collective fleet deployment and market experience to provide a comprehensive ...
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Global mid-market business leaders are relatively optimistic for 2025, despite seeing a recession as a foregone conclusion, according to a survey by U.S. accounting firm Moss Adams LLP.The 2024 Mid-Market Report, which targets owners and CEOs of businesses reporting US$50 million to US$500 million in ...
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Buoyed by six straight months of historic volumes, the Port of Long Beach is on course to reach 9.6 million cargo containers by the end of 2024 without congestion or other disruption and exceeding the previous record set during the pandemic in 2021.The Port of ...
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OUTLOOK Report from Magaya
The global logistics industry may soon be faced with further disruption as U.S trade policy transitions to President-elect Trump and a new Congress in January.Already, announcements of proposed tariffs and regulatory shifts are causing concern about their impact to global supply chains, ...
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DAT Freight & Analytics, which operates DAT One, the truckload freight marketplace, and DAT iQ, the freight data analytics service, said Dec. 17 that it acquired Trucker Tools, a carrier-forward capacity sourcing and load-tracking solution.DAT, the Beaverton, Oregon-based business unit of Roper Technologies, said the ...
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U.S. retail sales showed moderate growth continuing in November ahead of the holiday season’s busiest shopping days, according to the CNBC/NRF Retail Monitor, which the National Retail Federation released Dec. 10.Total retail sales, excluding automobiles and gasoline, were up 0.15 percent seasonally adjusted month over ...
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Some 270 business organizations, in a letter asked the International Longshoremen’s Association and the U.S. Maritime Alliance Ltd. to resume contract talks in hopes of avoiding another strike at the 36 ports on the East and Gulf coasts.The two sides were to have met four ...
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Sustainability has become a strategic imperative for small and medium-sized enterprises, or SMEs, significantly influencing their long-term value and credibility, according to an international survey from DHL Express.DHL Express has published an eBook, Sustainability Matters: DHL Express’ Global Survey on Small Businesses, based on in-depth ...
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The Port of Brownsville celebrated the kick-off of the second phase of the Brazos Island Harbor Channel Improvement projects.The Brownsville Navigation District (BND) and the U.S. Army Corps of Engineers, or USACE, held a groundbreaking ceremony on Dec. 6 for the project, which will deepen ...
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