Target Corp. agreed to purchase grocery-delivery startup Shipt Inc. for $550 million, stepping up its challenge to Amazon.com Inc. by speeding the rollout of same-day shipping.
December 15, 2017Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Target to Buy Shipt for $550 Million in Challenge to Amazon
CSX CEO Hunter Harrison Takes Medical Leave
Hunter Harrison has taken a medical leave from his position as CEO and president of CSX, the company announced Dec. 14. The railroad gave no details other than saying the leave was due to “unexpected complications from a recent illness.”
2017: A Year Spent Looking Ahead
2017 was a year of anticipation for the freight transportation industry, leading up to the long-awaited Dec. 18 mandate for broad adoption of electronic logging devices to track hours of service.
December 14, 2017Goldman Sachs Warns of US NAFTA Exit as Negotiators Seek Small Wins
Investors remain on alert over the threat of Nafta talks failing even as negotiators meet this week in Washington and seek minor victories on less contentious issues.
Shippers Ramp Up Hiring in Pennsylvania to Handle Flood of Package Deliveries
UPS Inc., FedEx and the U.S. Postal Service have sizable operations in the Lehigh Valley area of Pennsylvania and have ramped up operations by hiring hundreds of seasonal employees to handle an expected surge in holiday orders.
Colorado’s Test on Mileage-Based Tax System for Roads Gets Good Reviews
A four-month study designed to measure Coloradans’ appetite for overhauling how the state pays for roads offers a glimpse of the challenges that await as changing technology erodes the clout of gasoline taxes.
GSA’s New York Border Facility Renovations Will Expand Truck Capacity
The General Services Administration is conducting rock blasting along Interstate 81 in upstate New York to clear room for a new border inspection facility with enough capacity to process trucks.
Cardinal Logistics Files Notice of 102 Layoffs
Cardinal Logistics Management Corp. will lay off 102 employees on Jan. 8, 2018 after “the loss of a major contract” to a competitor, the logistics and dedicated contract carriage company wrote in a notice to the South Carolina Department of Employment and Workforce.
December 11, 2017Washington State Roads Are Getting Worse, New Data Shows
By several standards, the transportation network of Washington state is creaking under the pressures of age and economic growth.
Shipping Costs are Surging Globally
The cost of moving pretty much every dry-bulk commodity — from fertilizer to salt to rocks — has surged since July, lifting the London-based Baltic Exchange’s main freight gauge to its highest in almost four years.