The leasing rates for warehouses across the U.S. have stabilized, offering more favorable deals than seen during the high-demand periods of the pandemic. Taylor Wood, a broker with Savills, observed a significant shift from the frenzied competition for industrial spaces during the pandemic. “It was an unprecedented market; bids were fiercely competitive for every available […]
Paul Brashier, Vice President of Drayage and Intermodal at ITS Logistics, highlights the primary concerns shippers have regarding visibility tools: their cost and reliability. In late 2023, ITS Logistics launched a new product named ContainerAI, which integrates with existing freight services or functions as an independent offering for shippers. “Large, resource-endowed shippers are on one […]
The United States has experienced an unprecedented spike in drug shortages during the first quarter of 2024. A staggering 323 medications were reported in short supply, eclipsing the previous record of 320 shortages set in 2014, as per the American Society of Health-System Pharmacists (ASHP) and the University of Utah Drug Information Service. This monitoring […]
Late Wednesday, a 6.4 magnitude earthquake shook southern Japan, as reported by the Japan Meteorological Agency, which did not issue a tsunami warning following the quake. The earthquake’s epicenter was located in the Bungo Channel, a strait that divides the islands of Kyushu and Shikoku, according to the agency’s statements. The regions of Ehime and […]
Unprecedented flooding, the worst in nearly 75 years, has led to significant disruptions at Dubai International Airport, the world’s second-busiest airport, urging travelers to steer clear unless absolutely necessary. Tuesday saw the United Arab Emirates inundated with 256 millimeters (approximately 10 inches) of rain, according to the National Center of Meteorology, causing extensive highway flooding […]
Amazon has emerged as the foremost North American third-party logistics (3PL) provider, making a significant debut at the top of the Transport Topics’ 2024 Top 100 Logistics Companies list. This shift in standings comes amid a challenging period characterized by a freight market downturn, shrinking broker margins, and notable acquisitions, reshaping the landscape for North […]
The logistics and freight sector is facing a wave of layoffs and closures, impacting firms in Florida, Georgia, Illinois, Michigan, and Texas over the last fortnight. Notably, Universal Logistics, headquartered in Warren, Michigan, is cutting 677 jobs across its Detroit subsidiaries, Logistics Insights Corp. and Universal Dedicated of Detroit, a logistics center for auto parts. […]
The U.S. logistics sector faces ongoing financial challenges in 2024, with multiple shipping companies opting for bankruptcy. J.J. & Sons Logistics, based in Clint, Texas, resorted to Chapter 7 bankruptcy on January 22 to avert an impending trial for a wrongful death lawsuit, potentially saving the company from a costly judgment. The lawsuit stemmed from […]
WASHINGTON, April 1, 2024 – The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) is proud to introduce its updated website, redesigned to align with the latest technological advancements and to better serve the needs of its stakeholders. Dr. Mike Watson, the APHIS Administrator, emphasized the importance of the website in facilitating […]
In a significant move to protect the American textile sector, the Department of Homeland Security (DHS) is ramping up its efforts to tackle the issue of illicit trade, thereby supporting the livelihoods of over 500,000 Americans employed in this vital industry. Essential for national security, the textile industry benefits from the coordinated efforts of the […]
