Extras
Logistics News
Business, Logistics

New Arcapita Venture to Invest $2 Billion in US Warehouses

A new joint venture between alternative investment firm Arcapita Group Holdings and Arden Group plans to acquire $2 billion worth of industrial property assets in the U.S. as capital pours into niche real estate sectors amid the global pandemic.

Nicolas Parasie | Bloomberg News
November 1, 2021
Business, Logistics

Vertical Cold Storage Acquires Liberty Cold Storage

Vertical Cold Storage announced it is acquiring Liberty Cold Storage from West Liberty Foods. Terms of the transaction are not public.

November 1, 2021
Business, Logistics

West Coast Ports, Dockworkers Face 2022 Clash Amid Port Snarls

With a near-record 75 containerships waiting outside the U.S.’s largest port complex in Southern California, unionized dockworkers have strengthened their indispensable role in the supply chain.

Augusta Saraiva | Bloomberg News
November 1, 2021
Business, Technology, Logistics, Top 100

J.B. Hunt Adds Digital Freight Matching Within SAP ERP

J.B. Hunt Transportation Services announced Oct. 27 that its freight-matching solutions will now be available to businesses using the enterprise resource planning software SAP ERP.

November 1, 2021
Business, Logistics

Manufacturing Growth in US Eases as Supply Chain Issues Linger

Persistent supply chain challenges continued to weigh on U.S. manufacturers in October, lengthening supplier delivery times and bloating a measure of inventories.

Reade Pickert | Bloomberg News
November 1, 2021
Business, Logistics

Cargo Transporters Announces Pay, PTO Increases for Drivers

Cargo Transporters instituted its third, and largest, driver pay and compensation increase for 2021, the carrier announced Oct. 27.

October 29, 2021
Business, Logistics, Top 100

Werner Reports Revenue, Earnings Growth for Q3

Werner Enterprises achieved record third-quarter earnings per share despite supply chain and labor woes, the company reported Oct. 28.

Connor D. Wolf | Staff Reporter
October 29, 2021
Government, Business, Logistics, Top 50

Lineage Adds Automated Facility in Virginia

Lineage Logistics announced the opening of its fully automated facility located adjacent to the Port of Virginia’s Virginia International Gateway in Portsmouth, which offers an integrated network of highways, air, rail and sea services.

October 29, 2021
Business, Technology, Logistics

Amazon Stake in Rivian Disclosed as 20%

Amazon .com Inc. owns a 20% stake in electric vehicle maker Rivian Automotive Inc., the startup with which it has placed an order for 100,000 battery-powered delivery vans, the e-commerce giant disclosed Oct. 29 in a securities filing.

Ed Ludlow and Matt Day | Bloomberg News
October 29, 2021
Business, Logistics

Amazon’s Holiday-Quarter Sales Forecast Suggests Pandemic Boom Is Over

Amazon .com Inc. gave a forecast for holiday sales that fell short of analysts’ estimates, signaling the pandemic’s boost to online shopping continues to fade.

Matt Day | Bloomberg News
October 28, 2021
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