Extras
Logistics News
Government, Business, Logistics

US Senators Introduce Supply Chain Bill Amid Funding Negotiations

WASHINGTON — To alleviate supply chain woes around the country, two senior senators introduced legislation meant to improve the flow of freight at commercial ports.

Eugene Mulero | Senior Reporter
February 10, 2022
Business, Logistics, Top 50

Maersk to Buy Pilot Freight Services

A.P. Moller-Maersk intends to acquire Pilot Freight Services, the Danish ocean shipping giant announced Feb. 9.

Connor D. Wolf | Staff Reporter
February 9, 2022
Government, Business, Logistics

Border Blockage Continues as Some Canadian Provinces Ease COVID Restrictions

TORONTO — A rapidly growing list of Canadian provinces moved to lift their COVID-19 restrictions as protesters decrying virus precautions kept up the pressure with truck blockades Feb. 9 in the capital and at key U.S. border crossings, including the economically vital bridge to Detroit.

Rob Gillies | Associated Press
February 9, 2022
Business, Logistics

Seroka Sees Chance to Ease Ship Backlog by Summer Peak

U.S. supply chains have a chance to return to more normal operations after retailers replenish inventories next quarter, even if the next peak shipping season arrives sooner than usual, Port of Los Angeles Executive Director Gene Seroka said Feb. 9.

Laura Curtis | Bloomberg News
February 9, 2022
Business, Logistics

Maersk Sees Record Profit as Demand Surges

COPENHAGEN, Denmark — Maersk said that 2021 was its most profitable year yet, bringing in $18.7 billion as surging demand from a rebounding global economy led to supply chain logjams.

February 9, 2022
Government, Business, Safety, Logistics

Canada’s COVID-19 Protests Threaten Border Trade With US

OTTAWA — Canadian lawmakers expressed increasing worry about the economic effects of disruptive demonstrations after the busiest border crossing between the U.S. and Canada became partially blocked by truckers protesting vaccine mandates.

February 8, 2022
Government, Business, Logistics

Wave of US LNG Ships Headed to Europe Sends Freight Rates Below Zero

The cost to transport a shipment of U.S. liquefied natural gas to energy-starved Europe turned negative, a dramatic reversal that illustrates a growing glut of ships in the Atlantic ferrying American fuel.

Ann Koh | Bloomberg News
February 8, 2022
Business, Logistics

Metals Prices Reach Record as Shipping Costs Surge

Surging prices of the raw materials needed for refrigerators, automobiles, window frames and plumbing show no signs of abating as America’s supply chain crisis spills into another year.

Joe Deaux and Yvonne Yue Li | Bloomberg News
February 7, 2022
Business, Logistics

Amazon’s $191 Billion Jump Sets Record for Market Value Gain

Amazon.com Inc. shares surged 14% on Feb. 4, adding about $191 billion in market value, after investors cheered its fourth-quarter earnings report. The advance was the biggest single-day gain in U.S. stock market history.

February 4, 2022
Business, Logistics

CFI Plans to Upgrade Tractors, Raise Pay

TFI International operating company CFI on Feb. 2 detailed plans to upgrade its fleet equipment and increase driver pay this year.

February 4, 2022
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