19 Nov Increase in Online Shopping Could Lead to Package Delays Area shoppers will want to purchase their holiday gifts earlier this year, as a major jump in online holiday shopping could complicate the delivery system. Read more...
19 Nov Homebuilder Confidence Drops by Most Since 2014 Confidence among U.S. homebuilders plummeted by the most since 2014 as the highest borrowing costs in eight years restrained demand, adding to signs of a cooling housing market that will weigh on the Federal Reserve’s debate over how far to raise interest rates. Read more...
19 Nov Postal Service Gears Up for Holiday Deliveries The U.S. Postal Service said it expects to deliver nearly 15 billion pieces of mail and 900 million packages between Thanksgiving and New Year’s Day, according to a release. Read more...
19 Nov Expectations of Trucking Rise Amid Changing Climate Proposals by a growing number of regulators and advocacy groups would have the trucking industry assume a larger role in advancing efforts to continue cleaning up the environment. Read more...
19 Nov Container-Shipping Companies Plan Industry Alliance Five container-shipping companies intend to create a nonprofit association focused on the digitalization and standardization of information used in the industry. Read more...
19 Nov Nissan to Oust Chairman Carlos Ghosn After Arrest Nissan Motor Co. will remove Carlos Ghosn as chairman after he was arrested in Tokyo on charges of violating financial law, throwing the auto industry’s largest global alliance into turmoil. Read more...
19 Nov Most States Don't Experience CDL Skills Test Delays, FMCSA Survey Shows The large majority of states are experiencing few delays in scheduling entry-level truck drivers for their skills tests, according to a new congressionally mandated survey conducted by the Federal Motor Carrier Safety Administration. Read more...
19 Nov Andrew, Michael Leto Secure Funding for New Online Freight Marketplace Serial entrepreneurs Andrew and Michael Leto, who started GlobalTranz Enterprises and 10-4 Systems, both of which were sold earlier this year, are launching a new enterprise. It is a software platform called Emerge that allows shippers and carriers to book loads, track shipments and source new capacity in what is being described as a private freight marketplace. Read more...
19 Nov Airspace Technologies Receives $20 Million to Expand Globally Airspace Technologies, a company that offers a digital operating platform for air cargo and time-critical delivery services, has received $20 million in Series B funding to support global expansion and accelerate development of a next-generation delivery network and enterprise software platform. Read more...
16 Nov Louisiana’s Sunshine Bridge Could Open Sooner Than January Target Date Despite high-profile projects in Baton Rouge and elsewhere, Louisiana’s $14 billion backlog of road and bridge needs will rise next year because the state lacks the needed resources, state Transportation Secretary Shawn Wilson said Nov. 15. Read more...