Plus: ICE raids hit Illinois logistics, Texas layoffs climb past 900, and air cargo braces for turbulence and more in today’s newsletter.
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A growing population of financially stable elderly Americans are spending at record highs, defying rising interest rates.
Sunset Logistics, a Michigan-based trucking company, suddenly closes its doors, leaving drivers without paychecks and fuel cards.
Overhaul exposes a new cargo theft method in Southern California where thieves pose as facility workers.
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Exploring the rise of mega bankruptcies and the decline of DTC brands in 2023. What do these financial challenges signal for the broader economy?
Flexport, a freight-forwarding giant, is in turmoil as CEO Ryan Petersen aims to stabilize finances, leading to a 30% workforce cut. An expert predicts a challenging future.
TQL faces legal heat for unpaid overtime; TIA clarifies its guidance role amidst misinterpretation.
Question of the Day: The next World Cup will be jointly held by the US, Mexico, and Canada. Which cargo rail line directly connects all cities outside the US and half of all host cities in total? Scroll to the bottom to find out.
Port of NY & NJ sees 21% YoY drop in cargo volume. Retailers tapping into overstock is a major cause.
Wholesale giant Costco posts strong September sales, reporting a 6% increase in net sales to $22.75 billion.
Plus, FedEx and UPS harness AI in logistics, South America's trade scene challenges Panama Canal's constraints, and Estes navigates a disruptive cyberattack.
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