Business, Logistics

Shipping Costs are Surging Globally

kees torn/Flickr

The cost of moving pretty much every dry-bulk commodity — from fertilizer to salt to rocks — has surged since July, lifting the London-based Baltic Exchange’s main freight gauge to its highest in almost four years.

Manisha Jha and Thomas Biesheuvel | Bloomberg News
December 11, 2017
Government, Logistics

Trump to Release Infrastructure Plan in January, Official Says

Oregon Department of Transportation

President Donald Trump plans to keep pushing his legislative agenda in 2018 by releasing his long-promised infrastructure proposal in early January, a senior administration official said.

Mark Niquette | Bloomberg News
December 8, 2017
Business, Equipment, Logistics, TCA

UPS Eyes Delivery of Holiday Packages by Golf Cart in Colorado Town

Getty Images

Golden, Colo., residents could see the unwrapping of a new package delivery system right in the middle of this year’s holiday gift-giving frenzy, with UPS Inc. drivers swapping out their trademark brown trucks for golf carts with trailers.

John Aguilar | The Denver Post
December 7, 2017
Business, Logistics, TCA

Retired Teamsters Facing Dramatic Pension Cuts See Hope in New Federal Legislation

Teamsters Union retirees rally in front of the U.S. Capitol April, 2016 to protest proposed pension cuts. Olivier Douliery/Abaca Press/TNS

Retired Teamsters around the nation who are facing dramatic cuts to their monthly pensions are keeping their fingers crossed that proposed federal legislation will keep them from financial ruin.

Jim Mackinnon | Akron Beacon Journal
December 7, 2017
Business, Logistics

Revenues Rise in 3Q for 3PLs as Shipments Jump

The third quarter saw a rise in freight shipments and revenues for logistics brokers compared with the same period a year ago, but profit margins fell 40 basis points due to cost increases in the spot market for trucks, according to the Transportation Intermediaries Association’s quarterly 3PL Market Report.

Burney Simpson | Staff Reporter
December 6, 2017
Government, Logistics, TCA

Illinois Budget Puts State Roads in Crisis, Advocates Say

Andrew Harrer/Bloomberg News

Six months after lawmakers hastily passed their first state budget in two years, transportation advocates are sounding the alarm on a little-noticed item that will take $300 million from road repairs to pay other expenses each year.

Tom Lisi | Herald & Review (Decatur, Ill.)
December 6, 2017
Logistics, TCA

Here’s What You Need to Know About Holiday Shipping Deadlines

John Taggart/Bloomberg News

It’s only just the start of December — you’ve got plenty of time to get those presents in the mail before Christmas, right? Be careful. Time races during the holidays, but delivery deadlines for the major shipping services don’t waver

Tampa Bay Times
December 6, 2017
Business, Technology, Equipment, Fuel, Logistics, TCA

UPS Switching to Three-Wheel Deliveries in Florida Town

UPS Inc.

Fort Lauderdale, Fla., will soon become the first city in the state to use electric tricycles to deliver packages to businesses and homes, according to UPS Inc. and city officials.

Wayne K. Roustan | The Sun Sentinel (Fort Lauderdale, Fla.)
December 5, 2017
Business, Technology, Logistics

UPS Warns of Temporary Delays After Cyber Monday Overwhelms Network

Luke Sharrett/Bloomberg News

UPS Inc. is expecting slight delays in package deliveries after a surge in e-commerce sales swamped its network in the days after Thanksgiving.

Michael Sasso | Bloomberg News
December 5, 2017
Business, Logistics

Soaring Global Freight Costs Expected to Squeeze Traders, Boost Food Prices

The Maersk Madrid container ship, operated by A.P. Moller-Maersk A/S, sits docked as its cargo is unloaded at the Port of Felixstowe Ltd. Simon Dawson/Bloomberg News.

It’s getting more expensive to transport commodities around the world, threatening to squeeze profits for global traders and raise food prices.

Agnieszka De Sousa | Bloomberg News
December 5, 2017