A.P. Moller-Maersk A/S is giving $1,000 to each of its roughly 80,000 employees as the world’s largest shipping company heads for record profits this year.
December 1, 2021Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Maersk Heads for Record Profits, Gives $80 Million to Employees
Korean Exports Head for Record on Holiday Demand, Higher Prices
South Korea’s exports are on track to post an annual record, buoyed by year-end holiday demand and higher product prices even as supply chain bottlenecks continued to pressure manufacturers.
Broken Supply Chains Threaten Ruin at a Growing Number of Small Firms
A growing cohort of smaller companies that survived the cold depths of the pandemic say now they’re in danger because the economy is too hot.
Biden Puts Focus on Infrastructure Amid New Virus Concerns
President Joe Biden is visiting a Minnesota community college Nov. 30 to highlight how his $1 trillion infrastructure law will create jobs and help train workers.
Expansion Underway for Baltimore’s Howard Street Tunnel
Federal officials, Maryland Gov. Larry Hogan and a host of other stakeholders said expansion of the 126-year-old, 1.7-mile Howard Street Tunnel in Baltimore is long overdue.
Washington State Sees More Flooding as Next Storm Approaches
Localized flooding in Washington state from another in a series of rainstorms doesn’t appear to be as severe as an extreme weather flooding event earlier in the month.
November 30, 2021South Dakota Freight Project Awarded $22M USDOT Grant
The South Dakota Department of Transportation was recently awarded a federal grant for a corridor essential to the region’s flow of freight, the U.S. Department of Transportation announced.
Canada Sees Timber Shipments Slump on British Columbia Floods
West Fraser Timber Co. Ltd., one of Canada’s largest lumber producers, said shipments plunged about 25% to 30% in the second half of the month following severe flooding in British Columbia.
Biden Meets With CEOs of Walmart, CVS on Holiday Supply Chain
President Joe Biden said his administration has made strides toward relieving U.S. supply chain disruptions, as he met Nov. 29 with the leaders of major retailers including Walmart Inc. who assured him they have ample inventories for the holiday season.
Amazon Takes Steps to Solve Supply Chain Problems
For Amazon, which burnished its reputation serving as a lifeline during the COVID-19 outbreak, the holiday season is an opportunity to extend its advantage over rivals.