Plus, cargo theft risks spikes ahead of Memorial Day, April sees drop in freight, a Wisconsin carrier and brokerage file for bankruptcy, and more.
ATA and ACT Research report declines in U.S. truck tonnage and trailer orders in April, as economic uncertainty and tariff pressures stall recovery across freight and equipment markets.
Trucking firm Elite Carriers and brokerage affiliate ECI Inc. have filed for Chapter 11 bankruptcy, joining three other entities owned by Kirk Ecklund in seeking protection.
Russia suspends Ukraine's grain export deal, exacerbating global food crisis amid growing hunger.
Russia has halted the Black Sea Grain Initiative, a critical deal allowing Ukraine to export grain to hunger-stricken regions, exacerbating the global food crisis. The decision, awaiting fulfillment of demands for Russian food and fertilizer distribution globally, has led to a surge in wheat prices and could potentially increase food insecurity. Ukraine's President Volodymyr Zelenskyy, however, vowed to continue the initiative, even without Russia's assurances.
Source: AP News
Lineage will acquire and build cold-storage facilities in partnership with Tyson Foods, investing nearly $1 billion to streamline Tyson’s supply chain and expand cold-storage capacity nationwide.
A report from Everstream.ai details how the 2024 US elections could sway the supply chain, affecting cross-border trade and commodity markets.
Here's the latest on freight rates and hot routes as we look forward to Q3. Get insights from experts on navigating the summer season.
Over 57% of consumers are ready to shop greener to reduce environmental impact. As regulations tighten, companies must update their logistics strategies.
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