Business, Logistics

Lineage Raises $700 Million From Stake Sale to Stonepeak, D1

Lineage Logistics

Lineage Logistics, which calls itself the fastest-growing provider of temperature-controlled services such as transportation and storage, sold a minority stake worth $700 million, according to its CEO and co-founder.

Gillian Tan | Bloomberg News
July 17, 2018
Business, Logistics

UPS Begins Smart-Access Delivery in New York City

Getty Images

Your packages are here, and you’re not. It’s all right — they’ll just let themselves in.

Oshrat Carmiel | Bloomberg News
July 17, 2018
Government, Business, Technology, Logistics

Spot Truckload Rates Continue to Soar Amid Record Demand

USXpress reefer truck Compared with June 2017, reefers are up 58 cents a mile. (TT file photo)

Capacity shortfalls combined with increased demand for truckload shipments are continuing to boost spot rates to record levels, according to DAT Solutions, which also said in what is an atypical trend, spot rates now are exceeding long-term contract rates.

Dan Ronan | Associate News Editor
July 17, 2018
Government, Business, Logistics

Longshoremen’s Union to Vote on Contract for Port of New York-New Jersey

Craig Warga/Bloomberg News

Members of the International Longshoremen’s Association will vote on whether to ratify a new six-year contract covering employees at the Port of New York and New Jersey.

Louis C. LaBrecque | Bloomberg Law
July 16, 2018
Government, Business, Logistics

TxDOT to Receive $1.1 Billion Boost from Surging Oil Business, Economy

Matthew Rutledge/Flickr

Texas highways will get a $1.1 billion boost over the next year from the state’s vibrant economy, officials say, with much of that additional funding flowing from the booming oil and gas industry.

Ben Wear | Austin American-Statesman
July 16, 2018
Government, Business, Safety, Logistics

Capitol Agenda for the Week of July 16: If You Don’t Build It, They Will Come

Sen. Mike Lee (R-Utah) Sen. Mike Lee by MSNBC via YouTube

Sen. Mike Lee (R-Utah) recently unveiled legislation that would leave it up to the states to raise the funds needed for infrastructure projects instead of having Congress do the heavy lifting and identify a long-term fix for the federal Highway Trust Fund. Here's a look at the week ahead for trucking on Capitol Hill.

Eugene Mulero | Staff Reporter
July 16, 2018
Business, Equipment, Logistics, Top 100

LTL Carriers Refine, Expand Services

ABF truck pulls out from a loading dock An ABF truck pulls out from a loading dock. (John Sommers II for Transport Topics)

Leaders at prominent less-than-truckload carriers are optimistic about the future as their companies adapt and expand services to capitalize on favorable long-term trends, such as the move toward smaller shipments and the growth of e-commerce.

Rip Watson | Senior Reporter
July 16, 2018
Business, Logistics, TCA

Huge Warehouse Projects Kick Off at AllianceTexas

Warehouse Getty Images

Dallas-Fort Worth, one of the country’s top industrial building markets with 22 million square feet under construction, is adding more warehouse space.

Steve Brown | The Dallas Morning News
July 12, 2018
Business, Logistics, TCA

UPS Hiring Thousands of Workers for Massive Hub on Atlanta’s West Side

Sorting at a UPS hub Daniel Acker/Bloomberg News

UPS Inc. has started hiring thousands of workers for a massive Southeast ground hub to open on the west side of Atlanta, one of the largest developments in the area in years.

Kelly Yamanouchi | The Atlanta Journal-Constitution
July 12, 2018
Business, Logistics, Top 50

Trucking Stocks Roll Steady as Investors Downshift on Market

USA Truck USA Truck

Publicly traded trucking firms have seen record-setting freight in the first half of this year but their stock prices have lagged as cautious investors pulled back from a long-running bull market and an industry that can’t find enough drivers to haul its loads.

Burney Simpson | Staff Reporter
July 12, 2018