The Logistics Manager’s Index (LMI) was 56.4 in August, slightly decreasing (-0.1) from July’s 56.5. The overall index has been increasing for nine consecutive months. According to Prof Zac Rogers from Colorado State University, the logistics industry is growing slowly, and there were notable movements last month. The significant change in the August report is…
On Sunday, August 25th, the last Norfolk Southern (NS) Triple Crown RoadRailer train departure ever ended an era in road and rail transport. Roadrailers are purpose-built road trailers that can be moved between highways and rails without being loaded onto a flatcar. Early Roadrailers had integrated railroad wheelsets that could be lowered into position when…
According to the Journal of Commerce, UK-based Amber Infrastructure Group is developing a $55 million cold storage warehouse near Maine’s Port of Portland. The warehouse will significantly impact transportation costs for Maine’s seafood and produce shippers, who rely heavily on the Port of Boston and out-of-state storage capacity for refrigerated cargoes. Nathaniel Shehata, vice president…
The Home Depot, the world’s largest home improvement retailer, reported sales of $43.2 billion for the second quarter of fiscal 2024. Comparable sales for the second quarter of fiscal 2024 decreased 3.3%, and comparable sales in the U.S. decreased 3.6%. According to Ted Decker, chair, president, and CEO, “the company’s sales at stores that open…
We are in the middle of one of the largest freight recessions in history. The last few years have forced us to think differently about how we do business, build relationships, and the tools we use. An old saying applies here: hard times make for strong and resilient people (or in our case: companies). My…
Password security is a foundational element of cybersecurity. It’s your bread and butter for safeguarding your brokerage. From our data security experts, consider these best practices for managing and securing your systems. For brokers who handle sensitive data such as client information, shipment details, and financial transactions, it is essential to implement strong password policies.…