Inside: FedEx's market triumph, the controversy at Yellow Corp, Waabi and Uber Freight's decade deal, and the hammer comes down on PPP loan-scamming trucker.
As 2023 seasonal hiring gets underway, some retailers are cutting back on workers while others are hiring more.
Analysis of TuSimple's challenges in the autonomous trucking industry and FedEx's impressive financial performance surpassing expectations.
Major shipping companies fuel an industry boom with record $90 billion vessel orders, but the overcapacity threat looms.
The world's major shipping companies, backed by their pandemic profits, are investing in new vessels at an unprecedented scale. The global order pipeline has reached an almost historic level of $90 billion. Companies such as MSC, Maersk, CMA CGM, and Hapag-Lloyd are contributing to an industry boom. However, the notoriously cyclical shipping sector is signaling a downturn. Freight rates are teetering near below-breakeven levels, while supply chains operate more efficiently, raising concerns about a looming overcapacity crisis.
Source: Bloomberg/Yahoo News
Andy Vermaut shares:Maersk Orders Six Container Ships That Can Run on Methanol: The Danish shipping giant said the ships will each have a capacity of 9,000 containers and will be able to operate on both fuel oil and methanol produced using… Thank you! https://t.co/QZSXNjD7e3 pic.twitter.com/HLHzjxAWEm
— Andy Vermaut (@AndyVermaut) June 27, 2023
Molson Coors, recognized as 2023's Shipper of Choice, excels in supply chain management, shipping 13M barrels of beverages annually.
Tornado damages Pfizer plant in North Carolina, affecting 50,000 pallets of medication and potentially impacting nationwide supply.
The US labor market is showing signs of stabilization as the rate of voluntary job quitting approaches pre-pandemic levels and employers implement better retention strategies.
A cargo ship in the North Sea, carrying over 3,500 vehicles, including nearly 500 electric vehicles (EVs), has been
Subscribe to our free tri-weekly newsletter for the latest in freight news and entertainment.
