Police named two Air Canada employees among the suspects in the theft of millions of dollars in gold from a cargo facility at the country’s busiest airport, in what’s been dubbed Canada’s largest-ever gold heist. Police in Peel Region, a Toronto suburb, identified nine men they believe were involved in the crime; they’ve arrested five … Read more
Earlier today, Hedehusene, Denmark-based global 3PL DSV said it has acquired two United States-based freight transportation and logistics services providers—S&M Moving Systems West and Global Diversity Logistics. Financial terms of these transactions were not disclosed. DSV said that the objective of these acquisitions are three-fold: to augment its position within the semiconductor industry; align with … Read more
February truck tonnage data issued earlier today by the American Trucking Associations (ATA) saw continued gains. The ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index, for February, came in at 118.4 (2015=100), for a 1.2% increase, over January’s 117 reading. January was up 0.6% over December to start 2023. And December was up 0.4% gain … Read more
After receiving 156 submissions for the 2023 MHI Innovation Awards, five independent judges comprised of professionals from the material handling and supply chain industry completed the initial review process. “The product submissions we received for the awards are nothing short of amazing,” said Greg Baer, MHI’s VP – sales. “Every year our exhibitors demonstrate a … Read more
Today the biggest got even bigger following a blockbuster mega-merger in the $332 billion truckload market. Phoenix-based Knight-Swift Transportation, already the biggest player in the TL market at $4.5 billion revenue last year, is buying Chattanooga, Tenn.-based U.S. Xpress, which ranked ninth in TL revenue last year at $2.2 billion. The deal is valued at … Read more
The American Trucking Associations (ATA) expressed what it called its “grave concerns” about media reports that the Environmental Protection Agency (EPA) may be on the verge of granting the state of California waivers to implement potentially harmful and unrealistic emissions rules on the industry. Under California rules, new Class 8 heavy truck models would be zero-emission … Read more
The national average price per gallon of diesel gasoline saw another decline, for the week of March 20, according to data issued this week by the Department of Energy’s Energy Information Administration (EIA). The national average decreased 6.2 cents, to $4.185, following a 3.5-cent decline, to $4.247, for the week of March 13. This was preceded … Read more
Logistics professionals overseeing warehouse and distribution center operations are feeling the pressure of e-commerce growth, high order volumes, as well as deep concerns around labor availability and international supply chain snarls. As a result, they’re ramping up spending for automation—but also spending more on their labor force to ensure an adequate pool of workers to … Read more
Ready to welcome a steady incoming flow of conference attendees, introduce the world to a host of new industry innovations and provide a full lineup of fun events all week long, ProMat 2023 opened its doors to the world at 10 a.m. CST this morning. After being forced to go virtual in 2021 due to the global … Read more
Difficult annual comparisons and reduced consumer demand were instrumental in driving down respective February volumes, at the Port of Los Angeles (POLA) and the Port of Long Beach (POLB), according to data recently issued by the ports. POLA reported that February volume—at 487,846 TEU (Twenty-Foot Equivalent Units)—were down 43% compared to February 2022, the port’s … Read more
