San Francisco-based brokerage services provider Flexport raises $935 Million

San Francisco-based freight forwarding and customs brokerage services provider Flexport heralded a $935 million Series E investment round, with this round bringing its post-money valuation to more than $8 billion. The raise follows years of uninterrupted growth for the company, particularly in the last twelve months, with Flexport’s revenue more than doubling in 2021 as […]

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Maersk set to acquire Pilot Freight Services for $1.6B

A.P. Moller – Maersk announces the intended acquisition of Pilot Freight Services (Pilot), a leading U.S.-based first, middle and last mile as well as border crossing solutions provider, specializing in the big and bulky freight segment in North America for B2C and B2B distribution models, from ATL Partners, a sector-focused Private Equity firm in New

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FMCSA updates guidance on CDL knowledge tests

Trucking regulators have issued new guidance that strips away confusion over CDL testing standards and could help deploy entry-level drivers faster. The Federal Motor Carrier Safety Administration is amending its regulatory guidance to clarify that the regulations do not prohibit third-party testers from administering the commercial driver’s license knowledge tests for all classes and endorsements.

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Freight Brokers Keep Breaking Records In Florida

Landstar System, Inc. (NASDAQ:LSTR) reported record quarterly revenue of $1.945 billion in the 2021 fourth quarter, a 50 percent increase over revenue of $1.296 billion in the 2020 fourth quarter. Following a record-breaking 2021 third quarter, the 2021 fourth quarter once again reset the standard as the best quarterly financial performance in Landstar history. 2021

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2 big freight operators are investing on Phantom Auto’s remote-enabled autonomous forklifts

Two major players in the logistics industry are leading a group of companies investing millions in Phantom Auto, a fast-rising Silicon Valley company that has developed software enabling remote operation of forklifts and other material moving vehicles. Phantom Auto software makes it possible for forklifts to be remotely operated from virtually anywhere in the world

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Covid-related problems at the ports of Los Angeles and Long Beach

About 800 dockworkers, kind of 1 in 10 of the day by day group of workers on the ports of Los Angeles and Lengthy Seaside had been unavailable for Covid-related causes. The Covid-19 Omicron variant is hampering efforts to transparent a backlog of about 100 container ships on the country’s busiest port as infections upward

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Major Logistics Events In New York City and California

The National Retail Federation expects some 20,000 people in New York City this month for its annual event, a major forum for supply-chain technology and logistics providers.Big logistics-industry conferences are moving ahead with in-person events in the coming weeks even as the Omicron variant rips through the U.S. and snarls domestic and international travel. Over

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Retailers restocking inventory may see a post-holiday decline

Business-to-consumer retailers — brick-and-mortar and eCommerce sellers alike — rely on the holiday season to bookend their sales year with a positive outcome. The economy can be unpredictable, so ending the year strong as shoppers plan their holiday gifts is crucial. Retailers expect to see a significant bump in sales during the holiday season. Just

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Texas’ Central Freight Lines will shut down operations

Trucking company Central Freight Lines Inc. will shut down in the coming weeks after failing to end years of losses despite strong demand in freight markets during the pandemic. After 96 years in business, Waco, Texas-based less-than-truckload (LTL) carrier Central Freight Lines is closing its doors. Central Freight announced that it is winding down its

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5 Tips to Become Successful Truck Dispatcher

Delivery transportation continues to be a vital part of the American economy, ensuring businesses and customers have a broader reach to sell and purchase goods and products. A trucking dispatcher have the critical job of helping truck drivers to concentrate on routes and roadways and to safely deliver their cargoes. Without strong dispatchers, projects fall

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