Cosco Shipping Offers $6.3 Billion to Buy Orient Overseas
Cosco Shipping Holdings Co. offered $6.3 billion to acquire the container carrier controlled by former Hong Kong Chief Executive Tung Chee-hwa’s family in a deal that would catapult the mainland Chinese group into world’s third-largest shipping line
July 10, 2017World’s Largest Container Line Hit By Global Cyber Attack
Maersk said its customers can’t use online booking tools and its internal systems are down. The attack is affecting multiple sites and units, which include a major port operator and an oil and gas producer.
June 28, 2017Amazon to Acquire Whole Foods for $13.7 Billion
Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, a bombshell of a deal that catapults the e-commerce giant into hundreds of physical stores and fulfills a long-held goal of selling more groceries.
June 16, 2017US Strikes Gentler Tone on NAFTA as Talks Countdown Begins
President Donald Trump’s top trade negotiator came out of the gate sounding like he wants to fine-tune the North American Free Trade Agreement, not blow it up as some feared.
May 19, 2017Amazon Wants Cheerios, Oreos and Other Brands to Bypass Chain Stores
Amazon.com has invited some of the world's biggest brands to its Seattle headquarters in an audacious bid to persuade them that it's time to start shipping products directly to online shoppers and bypass chains like Wal-Mart, Target and Costco.
March 30, 2017Consumer Confidence Rises to Highest Since December 2000
Consumer confidence jumped in March to the highest level in more than 16 years, as Americans grew increasingly upbeat about both present and future conditions, according to a report March 28 from the New York-based Conference Board.
March 28, 2017Sanity Returning to Shipping as Freight Rates Gain, Maersk Says
The bankruptcy of South Korean ocean carrier Hanjin Shipping Co. and consolidation in container shipping will pave the way for a better 2017 for the industry, according to Robbert van Trooijen, the Asia-Pacific chief of Maersk Line.
February 10, 2017To Keep FedEx-Like Margins, China Logistics Firm Plans Cuts
ZTO Express Inc., the first Chinese package-delivery company to list in the United States, said it needs to cut costs in China to maintain profit margins that exceed FedEx Corp.’s.
December 28, 2016Dow’s 1,172-Point Round Trip Just Misses Post-Election Record
One of the biggest single-day reversals in stock market history left the Dow Jones Industrial Average just shy of a record close.
November 9, 2016Analysis: GOP's Senate Victory Sets Stage for Trump Agenda in Congress
Republicans shocked Democrats by keeping control of the Senate, setting the stage for President-elect Donald Trump to enact a broad conservative agenda and ensure a Republican Supreme Court for a generation. That’s provided he can work with a GOP establishment he spent most of the campaign attacking.
November 9, 2016