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Freight Market Update and Q2 Trucking Outlook

Zipline Logistics

Following an unprecedented downturn, the freight market has posted an almost full calendar year of impressive growth spurred by demand from a few sectors of the domestic economy. The second half of the past quarter was highly atypical and posted freight volumes that vastly exceeded those generally seen during peak season.

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This Week in Logistics News (April 22 – 28)

Logistics Viewpoints

US homes 8 retailers keeping Earth Day alive through a commitment to sustainability Ground parcel delivery costs reached a record high in Q1, although pricing discounts from carriers softened the blow, according to the TD Cowen/AFS Freight Index. tractor fleet and sourcing 100 percent renewable energy by 2030, according to the press release.

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Hub Group acquires Exel Transportation Services

Supply Chain Network

(NASDAQ: HUBG), one of the nation’s leading freight transportation management companies, announced today that it purchased Exel Transportation Services (ETS) for $83 million before post closing adjustments. ETS is now a wholly-owned subsidiary of Hub Group, operating independently under the name Mode Transportation.

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2017 Outlook: The Freight Recession is Over

DAT Solutions

The freight recession is over. Energy exploration and fracking petered out, and the accompanying freight dried up. Freight volume and rates finally began to revive in May 2016, and year-over-year volume comparisons turned positive in August. As we have learned from the current freight season, it's not business as usual.

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Air Cargo Got It Wright: 9 Incredible Air Cargo Facts

Freightos

Source: Imugr. million tonnes) of loaded and unloaded freight. Memphis International Airport comes in 2nd. The rule of thumb for cargo spot rates is that air cargo is about 11 times more expensive than sea freight. Be a freight hero. Compare international freight quotes from top forwarders in seconds.

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Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Revenue data is sourced from the companies’ websites and market research platforms such as Macrotrends. A behemoth in the logistics industry, UPS has operations in shipping, air freight, trucking, last-mile delivery and drone delivery. FedEx set out to become a global logistics player as a full-service freight operator.