As the line between retailers, logistics providers, and carriers continues to blur, the U.S. logistics landscape is still grappling with inflation despite a notable 11% reduction in overall logistics costs in 2023. According to the latest State of Logistics report by the Council of Supply Chain Management Professionals (CSCMP), U.S. business spending on logistics services […]
In the face of economic pressures and advancing technology, established freight brokers are evolving to meet new demands. While much attention has been given to tech-first disruptors in the freight brokerage space, industry giants are proving that they too are driving innovation, particularly through the adoption of artificial intelligence (AI), including generative AI. Executives from […]
Radiant Logistics has experienced a rise in freight volumes as shippers look to get ahead of potential disruptions, including a possible dockworker strike at East and Gulf Coast ports slated for October 1. Additionally, concerns over changes in U.S. trade policy have prompted some shippers to move their goods earlier than the usual peak season. […]
A recent study reveals that while detention times for truck drivers at shipper and consignee docks have been decreasing, the financial impact on drivers and trucking companies continues to rise. According to the American Transportation Research Institute (ATRI), the softening of the freight market has contributed to the decline, but detention remains a significant factor […]
National Truck Driver Appreciation Week, held annually in September, is a time to recognize the hard work and dedication of the men and women who keep America moving. These truck drivers play a critical role in the nation’s economy, transporting essential goods like food, medicine, and raw materials across the country. Their efforts ensure that […]
In a continued effort to enhance the accuracy of cargo descriptions, U.S. Customs and Border Protection (CBP) has released an update to its guidelines for compliant merchandise descriptions. This update, referenced as CSMS #62263081, builds upon the previous bulletin (CSMS #60144714) which was originally published on April 11, 2024. The primary goal of this initiative […]
In a significant development, Air Canada and the union representing more than 5,200 pilots have reached a tentative agreement on a new four-year contract, successfully avoiding a potential strike that was looming just days away. The announcement, made Saturday night, marks the end of weeks of intense negotiations. The deal, however, is still subject to […]
While department stores and high-street retailers face challenging conditions, European logistics service providers are riding a wave of increasing demand, much like e-commerce players have done in recent years. The sector’s growing prominence has drawn the attention of private equity (PE) firms, as well as strategic investors, looking to capitalize on this dynamic market. In […]
In January 2023, the USDA published the Strengthening Organic Enforcement (SOE) Final Rule, aimed at enhancing the oversight of organic agricultural products in the United States. This rule officially went into effect on March 19, 2024, bringing significant changes to the organic industry and its compliance requirements. Here’s a breakdown of the most important updates […]
The global liquefied natural gas (LNG) market has a new player with the inauguration of a floating LNG export terminal offshore of Altamira, Mexico. Nasdaq-listed New Fortress Energy (NFE) has launched FLNG1, a floating terminal that represents a significant step forward for U.S. LNG exports. Although the terminal is located in Mexican waters near Tampico, […]
