The seasonally adjusted For-Hire Truck Tonnage Index grew 2.9 percent compared with the previous month to a reading of 138.8, following a revised 4.3 percent decline in December, according to the American Trucking Associations.
North American freight market shows positive momentum in January
Shipment volumes for the month fell 6.4 percent from December due to “normal seasonality,” but were up 3.2 percent compared with the same 2016 period, the second year-over-year increase in as many months, according to the latest Cass Freight Index Report.
XPO ups results for Q4 2016 amid rising e-commerce demand
XPO Logistics Chairman and CEO Bradley Jacobs said strong e-commerce growth more than offset the weak intermodal environment during the quarter.
Tulsa Port of Catoosa’s volumes skyrocket 129% in January
The inland river port handled 258,243 waterborne tons in January, a 129 percent increase from January 2016.
LEGO to use JDA building blocks
The toymaker will use JDA solutions to help digitally transform its supply chain, helping the manufacturer and retailer better respond to demand situations.
A $500 milllion problem
Drewry research conducted on behalf of software provider CargoSphere found that forwarders spend about $500 million a year on ocean freight rate acquisition and management.
APMT boosts spending at Elizabeth, N.J. terminal
The terminal operator increased spending from $70 million to $200 million in preparation for ultra large containerships.
ZIM unveils new transpacific ZPN loop
The Israeli ocean carrier said the ZIM Pacific North service will launch in April, subject to approval by the Federal Maritime Commission.
Matson records lower profit in 2016 on higher revenues
Matson President and CEO Matt Cox said the Honolulu-based shipping company had “exceptional” results for the full year of 2015, while fourth quarter 2016 results were hindered by the increase in bunker fuel prices from mid-November through December.
Ports of Indiana sets tonnage record in Q4 2016
The state’s three ports handled 3.9 million tons of cargo in the fourth quarter of 2016.