Freight volumes and spot rates slipped in February while load-to-truck ratios, which indicate demand for truckload services on the spot market, hit their lowest points since May 2020, according to ...
Spot market loads and rates are down over the past week according to new figures from the freight matching service provider DAT TransCore. For the seven days ending June 15, the number of overall ...
(Reuters) -European shipping and logistics firms are under pressure heading into third-quarter earnings season, as analysts trim profit forecasts to reflect falling freight rates and weaker demand.
Add Yahoo as a preferred source to see more of our stories on Google. Layoffs continue to rock logistics amid the “freight recession” characterized by lackluster demand, spending cutbacks and trucking ...
Phillips Industries’ new Cincinnati-area distribution center is now shipping aftermarket trucking parts nationwide, aiming to speed up delivery times for customers.
Sinking freight rates are making a dent in the top and bottom lines of another ocean carrier. Hapag-Lloyd says its revenues declined 7.4 percent to $5 billion in the fourth quarter, weighing heavily ...