Turkey may oblige exporters to convert 40% of income to Liras
Turkey is planning to increase the rate at which exporters must convert their hard currency revenue into lira to 40%, from 25%, in a bid…
Heaviest downpour in six decades shuts key South African port
South Africa suspended shipping at its main port in Durban after the heaviest rains in more than six decades and resultant flooding damaged roads leading…
Shipping Russian oil gets costlier as rates near $350,000
Daily earnings for tankers shipping oil from Russia’s Baltic ports are soaring as shipowners continue to exercise caution about hauling the country’s crude.
Supply chain companies add over $3,000,000 in revenue with technology investment
77% of organizations plan to invest $100k or more in supply chain technology in 2022
BET begins one of the largest industrial developments in Buckeye’s history
The 145-acre project, titled Buckeye I-10 Logistics, is the largest industrial complex under development along Buckeye’s I-10 frontage Freeway, just west of Verrado Way.
Yellow recognized as The Home Depot’s LTL Carrier of the Year
This award reflects Yellow’s continuous commitment to its partners in providing superior freight services and an enhanced customer experience as a super-regional LTL carrier.
AmeraMex International receives orders totaling $1.2 million
AmeraMex International, Inc., a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced that it has received equipment orders totaling $1.2…
Shanghai lockdowns continue as Ford secures lithium supply for EV manufacturing – Rystad Energy
Shanghai lockdowns continue to impact the battery supply chain, as the trend of EV manufacturers moving upstream to secure metals supply strengthens.
AFS Logistics releases April 2022 Cowen/AFS Freight Index: Rising fuel will drive higher transportation costs
Fuel surcharges together with market forces are predicted to push parcel and LTL rates to record highs, while truckload growth rate to ease
Penske Truck Leasing opens new facility in Fontana, California
Penske Truck Leasing has constructed a new state-of-the-art facility in Fontana, California. Located at 15436 Valley Boulevard, it is the second full-service company location in…
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