Logistics

The monthly employment report for the truck transportation sector is a tale of two markets. Seasonally adjusted figures reported by the Bureau of Labor Statistics showed a drop in employment between April and May. This occurred even as virtually every trucking company under the sun has a Help...

This week, we're looking at the meaning of electric trucks delivering groceries, autonomous trucks delivering watermelons and other "firsts" trying to make the case for advanced transportation technologies. And a sort of contrarian view on both. Proving Their Mettle Individually, claims of being...

Truck transportation jobs on a seasonally adjusted basis fell in May from April, another sign that despite higher pay and a bevy of incentives like signing bonuses, getting drivers into the seats remains a challenge. The decline in seasonally adjusted jobs reported Friday morning by the Bureau of...

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After a few quarters of sales growth significantly outpacing inventory additions, the two were closer to parity at retailers specializing in general merchandise and household goods during the fiscal first quarter, which concluded at the end of April. While stock levels are beginning to improve, it...

The effects of COVID-19 on international shipping are still actively unfolding ⁠— but not only at the West Coast ports where there is a "parking lot" of containerized cargo ships waiting in droves. While container rates have spiked after growing demand in the second half of 2020, causing labor...

This is an excerpt from Thursday's (5/27) Point of Sale retail supply chain newsletter sponsored by ArcBest. FedEx remains inundated with elevated parcel volume stemming from continued online shopping resulting in longer delivery times, service blunders and upset customers. According to...

Shippo, an e-commerce shipping platform, has announced it has raised $50 million in new funding led by Bessemer Venture Partners. The company has raised a total of $154.3 million since 2014.  This round has pushed Shippo to unicorn status, now valued at $1 billion.  The company's previous...

Unseasonable heat will continue to scorch several areas of the West. Record highs in the 90s and above 100 degrees were tied or set at nearly a dozen official reporting stations in California, Washington, Oregon and Idaho. It could happen again Thursday and Friday in these states as well as others...

The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight second-quarter updates from ArcBest and Saia, a $50 million round of funding for Locus and more. The High Five 1. A couple of less-than-truckload carriers provided updates through the...

Amazon.com Inc. (NASDAQ: AMZN) made it official Wednesday: Its Prime Day shopping extravaganza — actually a two-day shopping spree — will return to the summertime. The Seattle-based e-tailing giant said it will hold Prime Day on June 21 and 22, with members in 20 countries eligible to participate...

The logistics arm of Chinese e-commerce platform Alibaba Group (NYSE: BABA) has signed a deal with the Korea SMEs and Startups Agency (KOSME) to serve as a third-party logistics provider for affiliated small and midsize exporters shipping to China, furthering its efforts to extend logistics...

Bengaluru, India-based Locus, a supply chain technology platform powered by artificial intelligence, announced on Wednesday that it has raised $50 million in a Series C round led by GIC, Singapore's sovereign wealth fund, with participation from Qualcomm Ventures and existing investors Tiger...

In a sign of just how frenzied the container market has become, a freight forwarder is reportedly paying $135,000 per day for a short-term charter of the S Santiago, a container ship with a capacity of 5,060 twenty-foot equivalent units (TEUs). "Charter rates for short employment … have gone out...

The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight insights gained from Full Truck Alliance's looming IPO, Knight-Swift's latest acquisition and more. The High Five 1. With China's Full Truck Alliance moving toward an initial public...