Cargo Activity at Illinois Airport Jumps 39% as UPS, Amazon Flights Increase
More jobs and cash have landed at Chicago Rockford International Airport, where cargo volume is up nearly 40% for the first six months of the year compared with the first half of 2016.
July 26, 2017Infographic: Ryder’s Foundation for a Successful Freight Brokerage
Globally, supply chains are facing unprecedented levels of disruption. As a result, shippers and carriers are challenged more than ever to keep goods moving while remaining profitable. While most brokerages point to technology as the key to achieving success, today’s setbacks have proven that technology alone isn’t enough.
This Obscure NAFTA Chapter Could be Canada’s Deal-Breaker Again
The U.S. confirmed last week that among its top objectives in upcoming negotiations on the North American Free Trade Agreement — which superseded the FTA in 1994 — is the elimination of the Chapter 19 dispute-resolution mechanism that previous Canadian Prime Minister Brian Mulroney went to such lengths to preserve.
July 25, 2017Bill Gates Backs Uber Freight Rival Convoy
As Bill Gates and Jeff Bezos jockey for the designation of world’s wealthiest man, the Seattle billionaires are united behind at least one local venture. They’re both investors in Convoy Inc., a trucking logistics startup that competes with Uber Technologies Inc.
July 25, 2017Keg Logistics Sold From One Private Equity Firm to Another
Bregal Sagemount has sold its stake in Keg Logistics to Seaport Capital in a deal between middle-market private equity firms.
July 21, 2017Coyote Logistics to Open Atlanta Office, Add 325 Jobs
Coyote Logistics will open a 48,000-square-foot office in northeast Atlanta and create 325 jobs, spending more than $6 million.
July 21, 2017J.B. Hunt Purchases Special Logistics for $136 Million; Deal to Boost Final-Mile Deliveries
J.B. Hunt Transport Services Inc. announced it will acquire Houston-based Special Logistics Dedicated for $136 million.
July 21, 2017Canadian Pacific Railway Sees End of the Line for Government-Owned Grain Cars
Canadian Pacific Railway Ltd. is ready to buy its own grain cars, sidelining 6,000 government-provided ones from the 1970s that are no longer up to the job.
July 20, 2017Amazon Fulfillment Center Planned Near Cleveland, on Former Mall Site
An Amazon.com fulfillment center could bring more than 1,200 jobs to the long-ailing village of North Randall, Ohio. Across the country, the e-commerce giant is disrupting the traditional retail business and contributing to shopping malls’ struggles. In Northeast Ohio, though, Amazon is literally replacing them. The North Randall project, an 855,000-square-foot building, would occupy approximately 69 acres of the former Randall Park Mall site.
July 20, 2017Leaving NAFTA, Imposing Tariffs Would Drive Up Vehicle Prices, Study Shows
While a proposed border adjustment tax on goods including cars and trucks appears to have been pulled off the political stove by House Republicans, the North American Free Trade Agreement is still on a burner.
July 20, 2017Pennsylvania Turnpike Will Hike Tolls for Each of the Next 27 Years, Driving Away Users, Analyst Says
The Pennsylvania Turnpike Commission’s ninth straight annual toll increase, approved by its board July 18, helps pay for turnpike operations, plus the highway’s $500 million annual capital budget and $450 million for mass transit systems, including SEPTA.
July 20, 2017