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Logistics News
Government, Business, Safety, Logistics

Southern California Port Officials Say Crisis Easing

The Port of Los Angeles has suspended plans to charge shippers for containers that have been piling up at the facility, an announcement made the day that Transportation Secretary Pete Buttigieg during a virtual visit pledged support from the Biden administration to help ease stress on the nation’s crowded supply chain.

Dan Ronan | Senior Reporter
November 18, 2021
Business, Logistics, Top 50

Royal Mail Hands $540 Million to Investors on Parcel Windfall

Royal Mail Plc will return $540 million to shareholders, saying it’s increasingly confident that the online shopping boom spurring parcel deliveries will persist.

Christopher Jasper | Bloomberg News
November 18, 2021
Business, Logistics

Delays Expected to Continue Past Holiday Shipping Season

Delays in shipments could extend through the holiday season and into next year due to a stressed supply chain, experts warned.

Connor D. Wolf | Staff Reporter
November 18, 2021
Government, Business, Equipment, Logistics

California Boosts Truck Weight Limits to 88,000 Pounds to Ease Port Snarls

California will increase weight limits for trucks carrying goods in and out of its ports in an effort to ease supply chain bottlenecks and clear containers off the docks of Los Angeles and Long Beach.

Augusta Saraiva | Bloomberg News
November 17, 2021
Business, Logistics, Top 100

FedEx Closes Hong Kong Crew Base Amid Stricter COVID Rules

FedEx Corp. is shutting its crew base in Hong Kong, the world’s busiest international cargo hub, and relocating its pilots as the city considers stricter measures on flight crews to curb the spread of COVID.

Kyunghee Park | Bloomberg News
November 17, 2021
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
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