Stonepeak-owned Textainer is in talks to acquire container leasing firm Seaco from an arm of failed Chinese conglomerate HNA Group, according to people with knowledge of the matter.
June 10, 2024Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Textainer in Talks to Buy Container Leasing Firm Seaco
Large Chunk of Wyoming’s Teton Pass Road Collapses
JACKSON, Wyo. — A chunk of the Teton Pass collapsed in Wyoming, leaving a chasm in the highway and severing a well-traveled link between towns in Idaho and the tourist destination of Jackson.
June 10, 2024Walmart Expects E-Commerce Profits Within Two Years
Walmart Inc. said it expects to generate profits in its U.S. e-commerce business within the next two years.
Maryland Senator Presses for Baltimore Aid
WASHINGTON — Sen. Ben Cardin of Maryland renewed calls for colleagues to endorse emergency aid for rebuilding the Port of Baltimore area and the collapsed Francis Scott Key Bridge.
Walmart Offers Workers Opportunities in Skilled Trade Jobs
NEW YORK — Walmart is offering new perks for its hourly U.S. workers, ranging from a new bonus plan to opportunities to move into skilled trade jobs within the company.
New York Governor Delays Congestion Pricing
New York Gov. Kathy Hochul has indefinitely postponed a plan to charge motorists driving into much of Manhattan, upending an initiative that was slated to kick in at the end of the month.
3PL Total Distribution Adds to Ohio Operations
Third-party logistics specialist Total Distribution Inc. bought D+S Distribution and Integrated Logistics Services for an undisclosed sum, the Peoples Services Inc. subsidiary said.
House Lawmakers Introduce Moving Protection Bill
Legislation that aims to increase protections for people moving personal property was recently introduced in the U.S. House of Representatives.
Maersk Raises Profit Outlook
A.P. Moller-Maersk, a bellwether for global trade, said the world’s supply lines are more impacted than previously expected by the ripple effects coming from the congestion in the Red Sea.
Bankrupt Yellow May Start New REIT Using Empty Terminals
Defunct cargo hauler Yellow Corp. may put its remaining cargo terminals and other vacant properties into a real estate investment trust that could be used to raise money for creditors.