The Stifel Logistics Confidence Index saw a fourth consecutive month of decline in September. While the Index, at 51.5, remains above the neutral 50 mark, times may be gloomier that the numbers alone suggest.
The express parcels industry is coming under pressure as never before. Fundamental changes in the market structure, caused by e-retailing, technological disruption and macro-economic upheaval, have created opportunities and challenges for express companies in equal measure.
Transplace, a provider of transportation management services and logistics technology, has acquired M33 Integrated, a third-party logistics provider with strength in the packaging, chemical and advanced materials sectors.
The widespread adoption of autonomous vehicles (AVs) could eliminate the more than 30,000 annual U.S. road fatalities, improve travel time by as much as 40 percent, recover up to 80 billion hours lost to commuting and congestion, and reduce fuel consumption by as much as 40 percent.
CaroTrans International, a non-vessel operating common carrier, has inaugurated a direct less-than-containerload (LCL) import service from Nhava Sheva, India to the Port of Charleston, S.C.