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
Recent developments in the global rail freight industry reveal a dynamic landscape shaped by strategic investments, policy changes, and corporate maneuvers. As companies strive to enhance efficiency and connectivity, several key trends have emerged, significantly influencing the sector's growth and
In recent developments, Evri, one of the largest parcel delivery companies in the UK, has made significant strides in augmenting its operational capabilities and committing to sustainability. The acquisition of 139 additional twin-axle van trailers from Tiger Trailers marks a substantial upgrade to
The Indian Institute of Technology (IIT) Roorkee and the Container Corporation of India (CONCOR) have embarked on a groundbreaking partnership aimed at transforming the logistics sector through dedicated research and innovation. Their collaboration is expected to significantly enhance the
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
In a move that underscores the ongoing tensions between management and labor, MBM Logistics, a trucking company affiliated with DHL Express and VMW Express, has hired anti-union consultants to counter unionization efforts among its drivers in Florida. This development shines a spotlight on the
