Increasing volatility in global supply chains means shipping lines must undergo a radical restructuring to survive, according to A.P. Moller-Maersk A/S.
February 8, 2023Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Supply Chains Must Change, Says Maersk’s Ditlev Blicher
Volkswagen Misses Full-Year Cash Target After Supply Chain Woes
Volkswagen AG missed its cash-flow target for the year after supply chain and logistics disruptions in recent months left the carmaker with unsold vehicles.
Forward Air Expands in Chicago Area With New Terminal
Forward Air Corp. will expand its expedited less-than-truckload service offering in the Chicago area with a new terminal in Bolingbrook, Ill., the company announced Feb. 6.
Amazon Revenue Beats Q4 Estimates, Profits Slump
NEW YORK — Amazon on Feb. 2 reported worse-than-expected profits, but its revenue beat expectations, boosted by sales in North America businesses and the cloud-computing unit AWS.
Democrats Tout Biden’s Big Infrastructure Implementation
The leader of the U.S. Senate is among senior Democrats praising the Biden White House’s management of a $1.2 trillion infrastructure law amid renewed calls for oversight from congressional Republicans.
Mitsubishi Warehouse Deal With Port of San Diego Falls Through
A deal between the Port of San Diego and Mitsubishi Cement Corp. for a storage facility at the 10th Avenue Marine Terminal has fallen through, officials announced Feb. 1.
C.H. Robinson Reports 58.2% Earnings Drop for Q4
C.H. Robinson Worldwide Inc. experienced a year-over-year decline in revenue and earnings during the fourth quarter of 2022, the company reported Feb. 1.
February 2, 2023Three Companies Expand in Kentucky Distribution, Logistics Hub
Northern Kentucky’s footprint for logistics, distribution, transportation and cargo businesses has recently grown with three company expansions totaling $17.4 million.
Schneider Reports 18% Earnings Decline for Q4
Schneider experienced an 18% year-over-year drop in fourth-quarter earnings, the company reported Feb. 2.
ODFL Reports Record-Setting 2022; CEO Transition Plan Announced
Old Dominion Freight Line capped a record-setting year with revenue and earnings increases in the fourth quarter of 2022, the company reported Feb. 1, one day after revealing its leadership transition plan.
February 2, 2023