Industrial Updates and News
Logistics Hiring Ticks Up Despite Soft Freight Demand
02-05-2024
Truckers, warehouse operators and parcel-delivery companies grew their payrolls in January Logistics operators added jobs in January, though employment was down over the previous 12 months as companies continue to grapple with a downturn in the ...
Retailers Return to Bringing in Inventory ‘Just in Time’
01-28-2024
Inventory levels that surged during the pandemic are down and companies are reluctant to build new stockpiles Retailers are reviving an old playbook to manage their inventory levels after four years of struggling to find ...
Ocean Shipping Rates Surge as Red Sea Attacks Continue
01-22-2024
Average costs to ship a container have more than doubled in one month Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea. ...
Medical logistics company divesting trucking, cross-dock operations
01-14-2024
Waltham, Massachusetts-based TruBlu Logistics, a subsidiary of Fresenius Medical Care North America, says it is divesting its private long-haul fleet in early February and will transition cross-dock shuttle operations to another logistics company by the ...
Warehouses to draw large investments on manufacturing demand
01-11-2024
In 2024, warehouses are set to draw substantial investor capital due to rising demand from manufacturers and third-party logistics (3PL) companies, with Cushman and Wakefield projecting the leasing of over 50 million square feet of grade A ...