Universal Logistics Holdings reported its highest quarterly operating revenue ever Feb. 10 for the fourth quarter of 2021.
February 10, 2022Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Universal Logistics Reports Record $467M Revenue for Q4
Acquisitions Fuel Mullen’s Record Q4 Revenue Growth
Mullen Group Ltd. reported a doubling of profits and record revenue for the fourth quarter.
US Senators Introduce Supply Chain Bill Amid Funding Negotiations
WASHINGTON — To alleviate supply chain woes around the country, two senior senators introduced legislation meant to improve the flow of freight at commercial ports.
Maersk to Buy Pilot Freight Services
A.P. Moller-Maersk intends to acquire Pilot Freight Services, the Danish ocean shipping giant announced Feb. 9.
Border Blockage Continues as Some Canadian Provinces Ease COVID Restrictions
TORONTO — A rapidly growing list of Canadian provinces moved to lift their COVID-19 restrictions as protesters decrying virus precautions kept up the pressure with truck blockades Feb. 9 in the capital and at key U.S. border crossings, including the economically vital bridge to Detroit.
Seroka Sees Chance to Ease Ship Backlog by Summer Peak
U.S. supply chains have a chance to return to more normal operations after retailers replenish inventories next quarter, even if the next peak shipping season arrives sooner than usual, Port of Los Angeles Executive Director Gene Seroka said Feb. 9.
Maersk Sees Record Profit as Demand Surges
COPENHAGEN, Denmark — Maersk said that 2021 was its most profitable year yet, bringing in $18.7 billion as surging demand from a rebounding global economy led to supply chain logjams.
February 9, 2022Canada’s COVID-19 Protests Threaten Border Trade With US
OTTAWA — Canadian lawmakers expressed increasing worry about the economic effects of disruptive demonstrations after the busiest border crossing between the U.S. and Canada became partially blocked by truckers protesting vaccine mandates.
Wave of US LNG Ships Headed to Europe Sends Freight Rates Below Zero
The cost to transport a shipment of U.S. liquefied natural gas to energy-starved Europe turned negative, a dramatic reversal that illustrates a growing glut of ships in the Atlantic ferrying American fuel.
Metals Prices Reach Record as Shipping Costs Surge
Surging prices of the raw materials needed for refrigerators, automobiles, window frames and plumbing show no signs of abating as America’s supply chain crisis spills into another year.