US Service Sector Growth Slows but Stays Strong in June

US Service Sector Growth Slows but Stays Strong in June

The US Services PMI decreased from 64 in May to 60.1 in June. While the growth rate slowed, it remained above the 50 threshold, indicating the service sector has been expanding for 13 consecutive months. Supply chain bottlenecks, labor shortages, and inflationary pressures may have contributed to the slowdown. The service sector remains a key driver of US economic growth. Continued monitoring of PMI trends is necessary to assess the sector's performance and its impact on the overall economy.

01/19/2026 Logistics Industry Insights
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Echo Global Logistics Acquires Fastmore to Expand International Freight

Echo Global Logistics Acquires Fastmore to Expand International Freight

Echo Global Logistics acquired Fastmore Logistics to expand its service range, leveraging Fastmore's strengths in the international freight forwarding market. This acquisition aims to break down the barriers between domestic logistics and international freight, achieving complementary advantages and synergistic development. The goal is to provide customers with more comprehensive service capabilities by integrating Fastmore's international expertise with Echo's existing domestic network, ultimately offering a more seamless and robust logistics solution.

01/20/2026 Logistics
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Port of Virginia Invests 44M to Expand Rail Capacity

Port of Virginia Invests 44M to Expand Rail Capacity

The Port of Virginia is investing $44 million to expand its rail yard, doubling its capacity and aiming to enhance intermodal capabilities to serve inland markets. This initiative will reduce transportation costs, improve efficiency, and stimulate economic growth, benefiting shippers, carriers, consumers, and the Commonwealth of Virginia. The expanded rail capacity will allow for more efficient movement of goods, strengthening the port's position as a key gateway for international trade and improving supply chain resilience.

01/29/2026 Port Encyclopedia
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Qingdao Expo 2026 to Showcase Chinas Booming Livestock Sector

Qingdao Expo 2026 to Showcase Chinas Booming Livestock Sector

The 2026 China (Qingdao) Livestock Expo, themed "Ecology First, Green Development," brings together domestic and international enterprises across the livestock industry chain, providing a golden platform for display, exchange, and cooperation. The expo precisely targets buyers, helping companies expand their markets, enhance their brands, and seize the trillion-dollar opportunities in the livestock industry. It showcases innovative technologies and sustainable practices, fostering a future of environmentally responsible and economically prosperous livestock farming.

01/26/2026 Logistics Industry Insights
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Roadone Acquires The Transporter to Expand Southwest Logistics Footprint

Roadone Acquires The Transporter to Expand Southwest Logistics Footprint

RoadOne acquires The Transporter, strengthening its presence in the Southwestern United States. This acquisition expands RoadOne's service offerings and capacity, enhancing its intermodal transportation competitiveness. The move allows RoadOne to better serve customers in Texas and surrounding states, providing comprehensive logistics solutions and improved supply chain efficiency. The acquisition signifies RoadOne's commitment to regional growth and its dedication to providing reliable and efficient transportation services across the Southwest.

01/28/2026 Logistics
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Top 25 US Markets Drive Industrial Real Estate Boom

Top 25 US Markets Drive Industrial Real Estate Boom

Colliers' latest report reveals the U.S. industrial real estate market is expanding at a 'frenetic' pace, led by the 25 largest markets. The report highlights both the opportunities and risks behind this rapid growth. It advises investors and developers to closely monitor market supply and demand dynamics, as well as geographical location, to make informed investment decisions. Understanding these factors is crucial for navigating the evolving landscape and maximizing returns in this dynamic sector.

01/30/2026 Logistics Industry Insights
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Amazon Opens New YXX1 Warehouse in Canada to Boost Logistics

Amazon Opens New YXX1 Warehouse in Canada to Boost Logistics

Amazon has launched a new warehouse center, YXX1, in Canada to enhance logistics efficiency and increase delivery speed, creating a positive impact on local economic development and employment. Spanning 825,000 square feet, the center is equipped with advanced technology and is expected to attract more customers, support sustainable transportation, and contribute to community development.

06/11/2025 Warehousing
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Tiktok Faces Layoffs Localization Hurdles in Ecommerce Push

Tiktok Faces Layoffs Localization Hurdles in Ecommerce Push

Amidst the Silicon Valley layoffs, TikTok is expanding, showcasing its potential in social commerce. This article analyzes TikTok's e-commerce rise, its challenges, and strategies for success, emphasizing localized operations and refined services as key factors. The overseas social commerce market presents vast opportunities but also faces numerous hurdles, requiring continuous innovation and adaptation. TikTok's success hinges on understanding local market nuances and tailoring its approach accordingly to overcome regulatory and cultural barriers.

12/30/2025 Logistics Industry Insights
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Better Trucks Expands Nationally to Transform Lastmile Delivery

Better Trucks Expands Nationally to Transform Lastmile Delivery

Better Trucks, a parcel carrier specializing in next-day and two-day delivery, plans to expand its service reach with a $15 million funding round, aiming to challenge the market dominance of FedEx and UPS. The company employs a flexible operational model, combining a fleet of contractor vehicles and a gig driver platform, to deliver higher quality and more reliable last-mile delivery services, catering to the evolving needs of shippers. This approach offers an alternative solution in the increasingly competitive logistics landscape.

01/16/2026 Logistics
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Cardinal Logistics Acquires NRX to Expand Lastmile Delivery

Cardinal Logistics Acquires NRX to Expand Lastmile Delivery

Cardinal Logistics has acquired NRX Logistics, strengthening its last-mile delivery capabilities and expanding its market share. This acquisition enhances Cardinal Logistics' service offerings and solidifies its position as an industry leader. The integration of NRX Logistics will allow Cardinal to reach a wider customer base and provide more efficient and reliable delivery solutions. The move reflects Cardinal's commitment to growth and its dedication to providing superior logistics services across its network, ultimately improving customer satisfaction and driving further business success.

01/19/2026 Logistics
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