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Logistics News
Government, Business, Technology, Logistics

Tesla Probably Can’t Make Money in China, Morgan Stanley Says

Investors should keep their expectations about Tesla Inc.’s ability to operate profitably in China “very low,” Morgan Stanley analyst Adam Jonas wrote in a note, adding that he’s cautious about the country’s role in the carmaker’s long-term strategy and fundamental value.

Felice Maranz | Bloomberg News
March 6, 2019
Business, Equipment, Logistics

GM’s Cruze-Producing Ohio Plant Goes Idle

A sprawling General Motors assembly plant near Youngstown, Ohio, will be idled March 6 after more than 50 years producing cars and other vehicles, a move that will eliminate nearly 1,700 hourly positions by month’s end.

March 6, 2019
Government, Business, Logistics, TCA

Maryland, CSX Apply Again for Federal Funding for Baltimore Tunnel Project

Maryland and CSX Transportation have submitted another application for federal money to heighten the Howard Street Tunnel in Baltimore so it can fit shipping containers stacked two high on freight trains — a project long sought by the Port of Baltimore, officials announced March 4.

Colin Campbell | The Baltimore Sun
March 5, 2019
Business, Logistics

Target Soars as Rosy Full-Year Outlook Follows Brisk Holiday Sales

Target Corp. jumped the most in more than two months as it followed up strong holiday sales with upbeat projections for the current year, distancing itself from the travails of mall-based department stores.

Matthew Boyle | Bloomberg News
March 5, 2019
Government, Business, Logistics

Trump Plans to End Key Trade Preferences for India, Turkey

President Donald Trump announced plans to end key trade preferences for India and Turkey, in the latest move by the United States to counter what it calls unfair trade practices.

March 5, 2019
Business, Technology, Logistics

Musk Blindsided Tesla Staff With Store Wind Down, Sources Say

Tesla Inc. CEO Elon Musk caught many employees by surprise with his announcement last week that the electric-car maker would close most stores and shift to online-only sales, according to three people familiar with the matter.

Dana Hull | Bloomberg News
March 5, 2019
Government, Business, Logistics

US Indefinitely Delays Increased Tariffs on Chinese Goods

The United States has confirmed the country is postponing “until further notice” a scheduled tariff increase on Chinese goods, the latest sign that the world’s two largest economies could be headed toward a de-escalation of their trade dispute.

Nor Al Ali | Bloomberg News
March 5, 2019
Business, Technology, Logistics

Tesla’s Elon Musk Touts Model Y Event as Questions About Company Linger

Elon Musk said March 3 that Tesla will unveil its Model Y crossover in less than two weeks, as questions about store closures, employee layoffs and demand in the wake of waning U.S. federal tax credits threaten the company’s growth narrative.

Dana Hull | Bloomberg News
March 4, 2019
Business, Logistics, Top 100

Parcel Pro Partners With Jewelry Manufacturing Group to Ship Luxury Goods

Parcel Pro, a UPS Capital company, has partnered with Manufacturing Jewelers and Suppliers of America to provide MJSA premier members access to technology and insured shipping at a time when e-commerce is causing sales of luxury goods to boom, according to a company news release.

March 4, 2019
Government, Business, Logistics

Trade Deal That Would Lift US Tariffs on Chinese Goods Said to Be Near

The United States and China are close to a trade deal that could lift most or all U.S. tariffs as long as Beijing follows through on pledges ranging from better protecting intellectual-property rights to buying a significant amount of American products, two people familiar with the discussions said.

Jenny Leonard | Bloomberg News
March 4, 2019
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