United States gross domestic product increased just 0.7 percent in the first quarter of 2017, down from from a 2.1 percent growth rate the previous quarter and the slowest in three years, according to the “advance” estimate from the Department of Commerce.
The Norwegian global maritime industry group inked a deal to acquire the technical business solutions business from Drew Marine for approximately $400 million.
Jacksonville, Fla.-based Landstar System, Inc. reported record first quarter revenues of $780.9 million for the first quarter of 2016.
Registration takes less than 1 minute.
The Swiss-based third-party logistics provider signed a memorandum of understanding (MOU) with Alibaba.com, combining its global logistics network with Alibaba’s expertise in B2B e-commerce to offer China-based shippers e-commerce logistics solutions.
In addition to a 13 percent cut in funding for the U.S. Department of Transportation, a 2018 budget proposal released yesterday by President Trump's administration would completely eliminate the TIGER grant program and privatize air traffic control.
Shipment volumes for the month grew 7 percent from January and 1.9 percent from February 2016, according to the latest Cass Freight Index Report.