The global logistics industry generated $9.83 trillion in 2022, meaning the sector will experience a compound annual growth rate (CAGR) of 5.6% from 2023 to 2032.

Scientists predict an exceptionally intense El Niño pattern, reminiscent of the patterns observed in the early '80s and late '90s.

Prior to the deal's announcement, Teamsters voted to authorize a strike had the union’s national contract with TForce expired July 31.

Redwood said that the acquisition of Rockfarm and Global Distribution and Logistics “fortifies” the company’s modern fourth-party logistics (4PL) services.

There is no way to avoid it: the trucking and freight industries are in a recession, with no clear visibility as to when business will rebound.

Through the new offering, companies will be able to ship parcels from coast-to-coast in the U.S. in as little as two to five business days. 

For every day that the strike goes on, supply chains will need an additional three to five days to recover, the Railway Association of Canada estimates.

Inventory levels in the logistics industry, which recorded a score of 42.9 during June 2023, are contracting at the second-fastest rate in LMI history.

In this environment, for retailers to compete, they need to give customers a full menu of delivery options to fit their preferences at the point of purchase, each and every time.

The 13,000 square meter center located in Dubai Industrial City is the United Arab Emirates' first Cold Store facility.