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Logistics News
Government, Business, Safety, Logistics

Storm of the Century Stalls Canada’s Biggest Port, Idles Freight

Traffic at Canada’s largest port has been cut off by what local officials are calling the storm of the century, the latest snag to hit the North American supply chain.

November 17, 2021
Business, Logistics

Canadian Pacific Railway Starts Bond Sale for KC Southern Deal

Canadian Pacific Railway Ltd. is tapping the U.S. investment-grade bond market to help fund its acquisition of Kansas City Southern.

November 17, 2021
Business, Logistics

Home Depot Sales Gain Shows Americans Keep Fixing Up Houses

Home Depot Inc. posted stronger-than-expected results in the third quarter, a sign that increased North American spending on home improvement continues to stretch through the pandemic.

Jordyn Holman | Bloomberg News
November 16, 2021
Business, Technology, Logistics, Top 100

Amazon Brand Owner Heyday Raises $555 Million in Funding Round

Heyday, a platform that buys and builds consumer brands that sell on Amazon .com Inc., raised $555 million in a funding round led by Raine Group and Indian tycoon Azim Premji’s investment firm.

Crystal Tse | Bloomberg News
November 16, 2021
Business, Logistics

Container Shipping Rates May Take Two Years to Fall to Normal

Ocean freight rates, which have pummeled retailers and manufacturers throughout 2021, may take more than two years to return to normal levels if past market cycles are any guide.

Brendan Murray | Bloomberg News
November 16, 2021
Business, Logistics

L.A., Long Beach Delay Container Fees as Shippers Clear Stacks

The country's largest ports of Los Angeles and Long Beach will postpone the start of a fee on ocean carriers that fail to clear containers off the docks, which was set to begin Nov 15.

Augusta Saraiva | Bloomberg News
November 15, 2021
Government, Business, Logistics

USDOT Targets Georgia for Supply Chain Assistance

The Biden administration task force on supply chains recently paved the way for the Georgia Port Authority to be able to reallocate more than $8 million for inland facilities in the state, as well as North Carolina.

Eugene Mulero | Senior Reporter
November 15, 2021
Government, Business, Logistics

Biden Signs $1 Trillion Infrastructure Bill

President Joe Biden signed his $1 trillion infrastructure deal into law Nov. 15 on the White House lawn, with a smattering of Republican lawmakers on hand for what could be one of the last shows of bipartisanship ahead of the 2022 midterm elections.

Josh Boak | The Associated Press
November 15, 2021
Business, Technology, Logistics

Uber Freight Completes Acquisition of Transplace

Uber Freight announced Nov. 15 that it has completed its acquisition of the managed transportation and logistics network company Transplace from TPG Capital.

November 15, 2021
Government, Business, Technology, Safety, Logistics, Top 50, Top 100

J.B. Hunt Execs Say Mandate Issues Extend Beyond Drivers

The question of how a federal vaccine mandate might affect transportation workers other than truck drivers must be considered amid broader discussion of the proposal, an industry executive said at a recent event.

Connor D. Wolf | Staff Reporter
November 12, 2021
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