Logistics News

Economic activity in the logistics industry expanded in November, continuing a steady growth pattern that began earlier this year and signaling a return to seasonality after several years of fluctuating conditions, according to the latest Logistics Managers’ Index report (LMI), released today.The November LMI registered 58.4, down slightly from October’s... Read more

Retailers are deploying multiple carriers to deliver their packages, delivering lightning-fast delivery times this winter as peak season 2024 is off to the strongest start for e-commerce parcel handling since Covid-19, according to industry statistics from supply chain visibility platform provider Project44.That success comes as the last mile peak season... Read more

The current year is ending on a calm note for the logistics sector, but 2025 is on pace to be an era of rapid transformation, due to six driving forces that will shape procurement and supply chains in coming months, according to a forecast from New Jersey-based supply chain software... Read more

Freight transportation sector analysts with US Bank say they expect change on the horizon in that market for 2025, due to possible tariffs imposed by a new White House administration, the return of East and Gulf coast port strikes, and expanding freight fraud.“All three of these merit scrutiny, and that... Read more

The Danish ocean freight and logistics giant A.P. Moller – Maersk has signed agreements with three shipyards to build a total of 20 container vessels equipped with dual-fuel engines capable of running on either methanol or liquified natural gas.The move delivers on its August announcement of a fleet renewal plan... Read more

Asia Pacific origin markets are continuing to contribute an outsize share of worldwide air cargo growth this year, generating more than half (56%) of the global +12% year-on-year (YoY) increase in tonnages in the first 10 months of 2024, according to an analysis by WorldACD Market Data.The region’s strong contribution... Read more

Business leaders at companies of every size say that rising tariffs and trade barriers are the most significant global trade challenge facing logistics and supply chain leaders today, according to a survey from supply chain software provider Descartes.Specifically, 48% of respondents identified rising tariffs and trade barriers as their top... Read more

The San Francisco tech startup Vooma has raised $16 million in venture funding for its artificial intelligence (AI) platform designed for freight brokers and carriers, the company said today.The backing came from a $13 million boost in “series A” funding led by Craft Ventures, which followed an earlier seed round... Read more

Freight transportation providers and maritime port operators are bracing for rough business impacts if the incoming Trump Administration follows through on its pledge to impose a 25% tariff on Mexico and Canada and an additional 10% tariff on China, analysts say.Industry contacts say they fear that such heavy fees could... Read more

A measure of business conditions for shippers improved in September due to lower fuel costs, looser trucking capacity, and lower freight rates, but the freight transportation forecasting firm FTR still expects readings to be weaker and closer to neutral through its two-year forecast period.Bloomington, Indiana-based FTR is maintaining its stance... Read more

Grocers and retailers are struggling to get their systems back online just before the winter holiday peak, following a software hack that hit the supply chain software provider Blue Yonder this week.The ransomware attack is snarling inventory distribution patterns for users such as grocery giant Ahold Delhaize, which owns the... Read more

The New Hampshire-based cargo terminal orchestration technology vendor Lynxis LLC today said it has acquired Tedivo LLC, a provider of software to visualize and streamline vessel operations at marine terminals.According to Lynxis, the deal strengthens its digitalization offerings for the global maritime industry, empowering shipping lines and terminal operators to... Read more

German third party logistics provider (3PL) Arvato has agreed to acquire ATC Computer Transport & Logistics, an Irish company that provides specialized transport, logistics, and technical services for hyperscale data center operators, high-tech freight forwarders, and original equipment manufacturers, the company said today.The acquisition aims to unlock new opportunities in... Read more

The transportation and logistics service provider Schneider National Inc. today said it has agreed to acquire Baltimore-based Cowan Systems LLC for $390 million and to buy related real estate assets for another $31 million.Cowan is a dedicated contract carrier that also provides brokerage, drayage, and warehousing services. The company operates... Read more

The Dutch ship building company Concordia Damen has worked with four partner firms to build two specialized vessels that will serve the offshore wind industry by transporting large, and ever growing, wind turbine components, the company said today.The first ship, Rotra Horizon, launched yesterday at Jiangsu Zhenjiang Shipyard, and its... Read more