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Logistics News
Business, Logistics

CN Rail Targets Cost Cuts, Share Buybacks to Fend Off Shareholder Revolt

Canadian National Railway Co. said it plans to cut spending, streamline management and buy back C$5 billion (about $4 billion) of stock next year as its tries to ward off a shareholder revolt started by TCI Fund Management Ltd.

Derek Decloet | Bloomberg News
September 17, 2021
Business, Logistics

Ship Owner Says Commodity Freight Rates Close to Going Parabolic

An owner of commodity hauling freighters said rates for the ships are close to the point of spiking sharply higher and mirroring an unprecedented surge in costs for transporting manufactured goods.

Alex Longley | Bloomberg News
September 16, 2021
Business, Equipment, Logistics

Worker Shortage Adds to Supply Chain Snags, Caterpillar CEO Says

Caterpillar Inc. is having a tough time getting the materials it needs from suppliers facing a labor crunch, adding another hurdle for the machinery maker already has said a global chip shortfall may keep it from fully meeting demand this year.

Joe Deaux | Bloomberg News
September 15, 2021
Business, Logistics

CN Rail Walks Away From K.C. Southern, Ending Takeover War

Canadian National Railway Co. declined to increase its offer for Kansas City Southern after a monthslong takeover battle, ceding to Canadian Pacific Railway Ltd. a prize that would create the first railroad spanning the U.S., Canada and Mexico.

September 15, 2021
Government, Business, Technology, Equipment, Safety, Logistics

Intermodal Freight Industry Ponders Investment in Resilience

LONG BEACH, Calif. — The intermodal freight industry is debating how much it should invest in infrastructure and other expenditures to build resiliency in the face of disruptive shocks such as the COVID-19 pandemic.

Jerry Hirsch | Contributing Writer
September 14, 2021
Business, Logistics

Intermodal Needs Greater Cooperation to Remove Bottlenecks

LONG BEACH, Calif. — Surging U.S. import demand combined with years of underinvestment have thrown intermodal shipping so far out of balance that it will take years to return to an equilibrium the industry considered normal, an expert panel told attendees at the Intermodal Association of North America’s Intermodal Expo.

Jerry Hirsch | Contributing Writer
September 14, 2021
Business, Logistics

Spot Rates Have Peaked, Some Shipping Lines Say

One of the world’s biggest shipping lines has decided to stop increasing spot freight rates on routes out of Asia to Europe and the U.S. as it sees an end to the rally that has put prices at record highs.

Ann Koh | Bloomberg News
September 14, 2021
Business, Logistics

Kroger, Instacart Target 30-Minute Grocery Delivery

Kroger Co. and Instacart unveiled a new home-delivery service in which the companies will drop off food and household staples in as little as 30 minutes.

Brendan Case | Bloomberg News
September 14, 2021
Business, Safety, Logistics

Storms From Texas to China Set to Worsen Global Ship Snarls

Global supply chains already tangled by the pandemic, labor shortages and sustained consumer demand in the U.S. are getting walloped by another disruptive force: Mother Nature.

Ann Koh and K. Oanh Ha | Bloomberg News
September 14, 2021
Business, Equipment, Logistics

IANA 2021: Massive Imbalances Plague Intermodal Industry

LONG BEACH, Calif. — Global trade patterns distorted by the COVID-19 pandemic have thrown the intermodal shipping industry out of whack, creating massive imbalances in shipping containers, intermodal chassis and drayage drivers.

Jerry Hirsch | Contributing Writer
September 14, 2021
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