Shipment volumes grew 7.1 percent in May 2017 compared to the year prior, confirming the first positive indication in October 2016 was a change in trend and not a one-off anomaly, according to the latest Cass Freight Index Report.
Special Coverage: Robot maker Omron Adept faces unique logistical challenges
Omron Adept’s mobile robots are already hard at work in warehouses around the world, but as sales increase, lithium ion battery transport regulations are becoming more strict up and more air cargo carriers are refusing to carry them.
AFF acquires Grand Worldwide Logistics
The purchase expands American Fast Freight’s global logistics platform by adding, among other things, 2 million square feet of warehouse space and 150 rail spots, according to a statement from the company.
EXECUTIVE MOVES AT WOLFORD AS IT CONTINUES ITS SEARCH FOR A NEW INVESTOR
Wolford CEO Ashish Sensarma is stepping down from his position, which he’s held since January 2015, effective July 31. Deputy CEO Axel Dreher will assume his position, overseeing strategy, marketing and sales for the company. “The operational implementation now requires a very integrated approach along the entire value chain, which …
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TANYA CREATIONS ACQUIRES ACCENT ACCESSORIES
Fashion jewelry company Tanya Creations has acquired Accent Accessories. The deal, which went into effect as of June 30, will bring Accent’s department store, specialty store and junior channels of distribution to Tanya. “Our acquisition of Accent Accessories complements our overall jewelry & accessories product offering and will expand Tanya’s …
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China looks to reduce logistics costs
The State Council of the People’s Republic of China held a meeting Wednesday in which guidelines were approved to take measures to reduce logistics costs and improve logistics efficiency.
Daseke continues North American expansion with Steelman purchase
The Texas-based flatbed carrier has sealed the deal on its acquisition of The Steelman Companies, its third in just over two months as part of the company’s overall North America Expansion endeavor.
Intermodal rates continue to rise, but at a slower pace
May 2017 marked the eighth consecutive month of rising intermodal freight rates, but at roughly half the pace compared with the beginning of the year, according to data from the latest Cass Intermodal Freight Index report.
Truckload rates stabilize in May
After April put a stop to a 13 month free fall in truckload rates, pricing ticked up another 1.1 percent in May 2017 compared to the same period last year, according to the latest Cass Truckload Linehaul Index.
Commerce ups Q1 2017 U.S. GDP estimate again
United States gross domestic product increased 1.4 percent in the first quarter of 2017, down from from a 2.1 percent growth rate the previous quarter but up from previous projections, according to the “third” estimate from the Department of Commerce.