News Articles
Cathay Fresh experienced an 11% increase in cargo carried in September due to strong demand.
In September 2024, Cathay Pacific reported a cargo volume of 133,079 tonnes, marking an 11% increase from the previous year. Despite a 4.9% rise in cargo revenue tonne kilometres, the load factor fell
Read MoreMoghadam from Prologis and Smith from FedEx tackle important industry challenges at the 'Groundbreakers' event.
At the Prologis Groundbreakers conference, executives Hamid Moghadam and Fred Smith discussed the impact of AI in logistics. Moghadam highlighted AI's role in capital allocation and the importance of
Read MoreDescartes has added Sellercloud to its portfolio, marking its 31st acquisition since 2016.
Descartes, a logistics software provider based in Waterloo, Ontario, announced the acquisition of Sellercloud, an omnichannel e-commerce service provider from Lakewood, N.J., for approximately $110 mi
Read MoreEIA reports that the national average for diesel has risen for the fourth straight week.
The national average price for diesel gasoline has risen for four consecutive weeks, reaching $3.631 after a 4.7-cent increase. This follows previous increases of 4 cents and smaller increments in lat
Read MoreDAT's Truckload Volume Index indicates that we are entering a new cycle in truckload freight.
The DAT Truckload Volume Index indicates the onset of a new truckload freight cycle, as September showed a typical rise in demand following a period of contraction. Key insights reveal that truckload
Read MoreNRF's forecast for retail sales during the holiday season indicates consistent growth, despite several challenges.
The National Retail Federation (NRF) projects a 2.5%-to-3.5% increase in holiday retail sales for 2024, estimating total spending between $979.5 billion and $989 billion, surpassing 2023's $955.6 bill
Read MoreAccording to the Cass Freight Index, there has been a yearly decrease in freight shipments and spending.
The September figures from the Cass Freight Index released by Cass Information Systems indicate significant declines in both freight shipments and expenditures. Shipments fell 5.2% year-over-year, mar
Read MoreCommerce and the NRF report an increase in retail sales for September.
Retail sales in September showed positive growth, with total sales hitting $714.4 billion, a 0.4% increase from August and up 1.7% year-on-year. Specific segments like non-store retailers, including e
Read MoreAccording to the AAR, the rail carload and intermodal volumes in the U.S. showed a mixed performance for the week of October 12.
For the week ending October 12, U.S. rail carload and intermodal volumes showed mixed results, as reported by the Association of American Railroads (AAR). Rail carloads totaled 222,003, down 1.3% from
Read MoreAccording to S&P Global Market Intelligence, containerized freight shipments heading to the U.S. experienced increased growth in September.
In September, U.S.-bound imports of containerized freight reached 2.88 million TEU, marking a 13.4% year-over-year increase for the 13th consecutive month, with a year-to-date total of 24.06 million T
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