Business

The trucking industry plays a crucial role in the American economy, transporting vast quantities of raw materials, work-in-progress items, and finished goods across the country, typically moving products from manufacturing plants to retail distribution centers. In the construction industry, trucks such as dump trucks and portable concrete mixers are essential for transporting large amounts of […]

Supply chain logistics company Stord purchased the fulfillment services operation of Pitney Bowes’ e-commerce division on Friday, according to a report by The Information independently confirmed by FreightWaves. Terms of the acquisition weren’t immediately available, according to the report.  The news comes after Pitney Bowes (NYSE: PBI) announced Greg Zegras retired as president of the company’s Global Ecommerce […]

The trucking industry is currently grappling with a significant driver shortage, with repercussions felt nationwide. Estimates indicate a deficit of around 50,000 to 60,000 qualified drivers, highlighting the urgent need for companies to attract new talent. However, tight regulations and long hours make this a challenging task. This article delves into the causes of the […]

Layoffs continue across the commercial transportation and freight industry, as new worker reduction notices have been issued in Florida, Texas, Illinois, and Wisconsin. This marks the second round of layoffs since the beginning of July. Earlier this month, Averitt Express, Bath & Body Works Logistics Services, ShipBob, and Henry Avocado Corp. announced a total of […]

In June, a monthly supply chain survey reported a neutral reading for transportation capacity, marking the first time in over two years that the index did not expand. Meanwhile, sentiment regarding transportation pricing indicated growth for the second consecutive month. The Logistics Managers’ Index (LMI) showed a capacity reading of 50 in June, unchanged from […]

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