Echo Global Logistics makes further inroads in Mexico, with the opening of new Monterrey location
Chicago-based third-party logistics (3PL) services provider Echo Global Logistics said today it has officially opened up a new Monterrey, Mexico-based cross-border office, part of an ongoing commitment by the company focused on expanding its presence in Mexico. Echo said its Mexico services include options for dry van, temperature-controlled shipping, flatbed, LTL, intermodal, and managed transportation. And […]
Truck tonnage levels head up for second straight month in August, reports ATA
Truck tonnage levels increased for the second consecutive month, according to data issued today by the American Trucking Associations (ATA). The August reading of the ATA’s advanced Seasonally Adjusted (SA) For-Hire Truck Tonnage Index came in at 115.3 (2015=100), topping July’s 114.3 reading by 0.4% (July was upwardly revised), following a 0.5% July gain. Through […]
In major UK freight rail deal, CGM is set to acquire Freightliner
CMA CGM announced plans to acquire Freightliner, a major step that will make the shipping giant a stronger player in railroad logistics in the United Kingdom. The deal covers Freightliner UK Intermodal Logistics, including its rail and road operations, inland terminals, and the Freightliner brand.” The deal is expected to close in early 2026, pending regulatory approval. Other Freightliner operations—Heavy […]
FedEx reports fiscal first quarter earnings gains
Memphis-based global freight transportation and logistics services provider FedEx reported late yesterday that fiscal first quarter earnings saw growth. Quarterly revenue, at $22.2 billion, increased 3% annually, its highest annual growth rate since the pandemic, and operating income, at $1.30 billion, was up 7%. %. Earnings per share, at $3.83, beat Wall Street expectations, at […]
POLA and POLB volumes remain strong in August
Following record volume months in July, August was another solid month, for the Port of Los Angeles (POLA) and the Port of Long Beach (POLB), according to data respectively issued by the ports this week. POLA reported that total volume, at 958,355 Twenty-Foot Equivalent Units (TEU), saw a 6% annual increase, following July’s 1,019,837 TEU, […]
Federal Reserve moves forward with first federal funds rate reduction of 2025
Following comments made by Chairman Jay Powell in late August, suggesting that the Federal Reserve was possibly open to reducing the target rate for its federal funds rate, the Federal Reserve today decided to lower the rate, which comes from its Federal Open Market Committee (FOMC), to 4.0%-to-4.25%. This represents a shift from previous Fed […]
Retail sales see gains in August, reports U.S. Department of Commerce
United States August retail sales saw modest gains, according to data issued today by the Department of Commerce’s Census Bureau. August retail sales, adjusted for seasonal variation and holiday and trading day differences but not price changes, came in at $732.0 billion, up 0.6% over July’s $727.4 billion, which was revised from an initial reading […]
U.S.-bound August shipments see annual gains, reports S&P Global Market Intelligence
Coming off of a record-setting July, United States-bound containerized freight imports saw annual gains, albeit at a reduced pace, according to data recently issued by S&P Global Market Intelligence. The firm reported that August imports, at 2,917,318 TEU (Twenty-Foot Equivalent Units), were off 2.6% sequentially, compared to July’s 3.01 million TEU (which topped the 3 […]
Diesel prices see declines with forecasts of more ahead as OPEC continues to boost supply
Diesel prices are dropping with forecasts of more to come, in a speck of good news for shippers and carriers alike. Since hitting its 2025 high during the week ending July 21, the national average price of diesel nationwide is down 10 cents to around $3.76 a gallon according to the latest update from the […]
U.S.-bound container imports hit second-highest month on record amid tariff and seasonal pressures
The August edition of the Global Shipping Report issued by Waterloo, Ontario-based Descartes, a provider of logistics based on-demand, software-as-a-service offerings, highlighted the second-highest month on record for United States-bound container import volumes, for last month. This the 49th edition of the Global Shipping Report, going back to its debut in August 2021. August U.S.-bound container […]