Volvo Group said it may see further disruption from the semiconductor shortage that has forced the truck maker to idle plants, potentially hobbling a recovery that has seen orders more than double.
April 22, 2021Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Volvo Group Sees More Risk From ‘Unstable’ Chip Supply Chain
Pacific, Atlantic Coast Ports Set TEU Records in March
On both coasts, the nation’s ports continued their record pace for container volumes in March as goods keep coming into the U.S., nearly 14 months into the COVID-19 pandemic.
March Truck Tonnage Falls 9.5% Year-Over-Year
Truck tonnage in March declined on an annual and month-to-month basis, but the year-ago decline is up against comparisons to the first month that the COVID-19 pandemic gripped the nation, said American Trucking Associations Chief Economist Bob Costello in the federation’s monthly For-Hire Truck Tonnage Index release.
CN Makes $33.7 Billion Bid for Kansas City Southern
A bidding war is breaking out for Kansas City Southern, with Canadian National Railway making a $33.7 billion cash-and-stock offer for the railway.
XPO Logistics Announces Mark Manduca as Chief Investment Officer for GXO
XPO Logistics announced Mark Manduca will become chief investment officer of its planned spinoff business, GXO Logistics.
KC Southern Reports Mixed Q1 Earnings
Kansas City Southern reported mixed first-quarter earnings.
Illinois Makes $110 Million Available for Public Port Projects
Illinois officials announced $110 million is available for projects to improve public ports across the state.
Union Appeals Amazon Election Loss, Claiming Misconduct
Accusing Amazon .com Inc. of misconduct, the retail union that lost a hotly contested election at the company’s Alabama warehouse has asked federal officials to set aside the results.
J.B. Hunt Reports Q1 Revenue Increased to $2.6B
J.B. Hunt Transport Services saw revenue and earnings increase due to strong segment growth during the first quarter of 2021, the company reported April 15.
Drivers at Grocery Startup Imperfect Foods Vote to Unionize
Drivers at grocery delivery startup Imperfect Foods Inc. have voted to unionize, an apparent victory for organized labor as it steps up efforts to make inroads into California’s fast-growing startups. The company said it would challenge the results.