The freight trucking industry, a cornerstone of the global economy, finds itself in the throes of a profound recession that began manifesting in 2022. This economic downturn, characterized by plummeting demand, steep interest rates, and persistent inflation, has led to severe financial distress
The first half of 2024 has shown a mixed bag of results for major U.S. logistics operators, particularly focusing on C.H. Robinson and GXO Logistics. These industry heavyweights have navigated fluctuating market demands, varying regional performances, and evolving operational strategies, leading to
Austria's recent shift to electronic consignment notes (e-CMR) for international road freight transport marks a significant milestone in modernizing logistics and boosting operational efficiency. By transitioning from traditional paper-based documentation to the digital e-CMR protocol, Austria
The Fairfield Freight Hub is set to transform the logistics landscape in Canterbury, New Zealand. Located just north of Ashburton, this intermodal transport facility aims to enhance the efficiency of regional supply chain operations and significantly reduce the environmental and infrastructural
XPO Logistics, a global leader in end-to-end logistics services, recently unveiled a groundbreaking multimodal transport corridor connecting Antwerp in Belgium and Istanbul in Turkey. Spanning an impressive 2,600 kilometers, this corridor integrates road and rail transport to streamline logistics
India's logistics sector is witnessing a remarkable growth trajectory, with projections indicating an impressive compound annual growth rate (CAGR) of 11% leading up to FY2027, according to a recent report by Rubix Data Sciences. The report estimates that the sector will burgeon to a staggering USD
