Trucking companies can’t add capacity fast enough to take advantage of a flood of new business, analysts say. PHOTO: JOE RAEDLE/GETTY IMAGES Investors hope rising prices to move freight translate to higher profits when carriers including Werner Enterprises, Old Dominion report earnings Trucking fleets are charging higher prices to move freight around the country.
Logistics
DHL, Air Hong Kong renew block-space agreement
UPS, FedEx suffered high late-delivery rates during 2017 holiday season
If your delivery arrived late this holiday season, you aren’t alone. A post-holiday analysis of deliveries performed by LateShipment.com found that both UPS and FedEx struggled to process record-high delivery volumes. The shipment-tracking company’s CEO Sriram Sridhar said that, when it came to ground shipments, both UPS and FedEx, “had alarmingly high
Maersk, IBM partner on logistics blockchain Joint Venture
Following the past summer’s cyber attack that hobbled operations at FedEx’s subsidiary TNT Express, blockchain technology is gaining traction as a promising way to offset security risks. Earlier this week, IBM and sea freight giant Maersk – itself a victim of a 2017 cyber attack – announced plans to extend their existing partnership
DHL forwarding unit unveils trade barometer index
The predictive trade index is designed to help the market understand the direction of ocean freight and airfreight trade growth. DHL Global Forwarding on Thursday unveiled a new predictive trade index built around the collection of data from the movement of intermediate goods and raw materials. The index, called the DHL Global
Delta Air to tighten rules for onboard service animals
New York (Reuters) - Delta Air Lines is tightening the requirements for passengers travelling with onboard service and emotional support animals, the carrier said on Friday, following a sharp uptick in pet-related safety issues in recent years. Effective March 1, Delta, the second-largest U.S. airline by passenger traffic, said it will
Clearance of Cargo to Be Slashed to 48 Hours By June 2018
Lufthansa Technik launching digital warehouse program
In a move to get on board with the internet of things (IoT), Lufthansa Technik AG subsidiary Lufthansa Technik Logistik Services (LTLS) is launching a program to digitalize its warehousing operations with a digital warehouse pilot destined for Munich Airport (MUC). One strategy the company has adopted in its digitalization approach
Luggage limbo: Bags still missing after JFK airport woes
New York – Newlywed Ziad Dallal and his wife arrived home in New York, with wedding keepsakes in their bags, to find John F. Kennedy International Airport paralyzed by winter weather woes that cancelled flights, froze equipment and separated thousands of passengers from their luggage. Ten days later, the couple on
Amazon adds 210 acres to future Cincinnati airport hub
Amazons new air hub will handle shipments of export cargo and import cargo in international trade. Amazon’s senior vice president of operations, Dave Clark, announced last week that the Seattle-based retailer had just added a parcel of land to the site of its future air operations hub at the Cincinnati/Northern Kentucky