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Image via Flickr by Jason A. Howie On March 6, 2015, the U.S. Department of Commerce announced that the trade deficit for goods and services has reached $41.8 billion. That’s the highest it has ever been. And, that number is expected to grow because of weak economic growth overseas and a strong dollar. This says…
Image via Flickr by born1945 Rhode Island recently proposed a truck-only toll on some of the state’s roads and bridges. The money would go towards rebuilding infrastructure that is in disrepair. The American Trucking Association (ATA) is fighting back, calling the toll unfair. If there is a toll, it should effect all vehicles that use…
Image via Flickr by U.S. Geological Survey The massive polar vortex, which has brought temperatures of below zero degrees Fahrenheit to regions stretching from Canada through the Deep South, is causing the earliest freeze of the shipping lanes in the Great Lakes since the 1930’s. Since freightliners are unable to break through these massive bodies…
Image via Flickr timothymwilliams Chicago O’Hare International Airport is expanding its cargo capacity with a new state-of-the-art cargo center. This will strengthen the airport’s ability to handle large volumes of freight and will also provide economic growth for the city of Chicago. Take a look at why the project is happening and learn how Chicago…
Image via Flickr by Jeepersmedia U.S. based Penske Logistics LLC just came to an agreement with Mitsui & Co., Ltd. to purchase Transfreight North America. Penske is an established leader in the logistics industry and this acquisition will place them to excel and rapidly grow. Both companies are customer focused with similar cultures. The acquisition…
Image via Flickr by swanksalot As part of a government program headed by the Department of Defense, Chicago landed a hub for a digital manufacturing institute named the Digital Manufacturing and Design Innovation Institute. The Department of Defense kicked in $70 million for the project, and the state, industries, academic community, and community supporters contributed…