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Logistics News
Business, Logistics

Textainer in Talks to Buy Container Leasing Firm Seaco

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, 2024
Government, Safety, Logistics

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, 2024
Business, Logistics, Private

Walmart 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.

Jaewon Kang | Bloomberg News
June 7, 2024
Government, Business, Safety, Logistics

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.

Eugene Mulero | Senior Reporter
June 6, 2024
Business, Logistics, Private

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.

Anne D’Innocenzio | Associated Press
June 5, 2024
Government, Business, Logistics

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.

June 5, 2024
Business, Logistics

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.

Keiron Greenhalgh | Staff Reporter
June 5, 2024
Government, Business, Logistics

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.

Eugene Mulero | Senior Reporter
June 4, 2024
Business, Safety, Logistics, Global Freight

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.

Christian Wienberg | Bloomberg News
June 4, 2024
Government, Business, Logistics

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.

Steven Church | Bloomberg News
June 4, 2024
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