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Extras
Logistics News
Business, Logistics, Private

Instacart Files for IPO Revealing Profit, PepsiCo Investment

Instacart joined chip designer Arm Holdings Ltd. in moving ahead with an initial public offering, adding momentum to a return of high-profile listings.

August 25, 2023
Business, Logistics, Private

Ashley's Trucking Fleet Keeps Furniture Moving

In recent years, Ashley Furniture Industries has been expanding its own private trucking fleet — both organic­ally and through acquisition — to further bolster its supply chain.

Gregory Van Tighem | Special to Transport Topics
August 25, 2023
Government, Business, Logistics, TCA

Port of Savannah Adds Four Ship-to-Shore Cranes

A heavy lift cargo ship delivered four Super Post-Panamax ship-to-shore cranes to the Port of Savannah’s Garden City Terminal.

Adam Van Brimmer | The Atlanta Journal-Constitution
August 25, 2023
Business, Logistics, For-Hire

Yellow’s Shutdown Opens Up LTL Market for Competitors

The Yellow Corp. shutdown is having a downstream effect on the less-than-truckload space as freight volumes flow toward competitors.

Connor D. Wolf | Staff Reporter
August 24, 2023
Business, Equipment, Logistics

July Cargo Volumes Decline at Most Ports

Cargo freight volumes in July remain depressed and well below 2022’s record levels, especially at West Coast ports.

Dan Ronan | Senior Reporter
August 24, 2023
Government, Business, Technology, Logistics, Autonomous, Private

Walmart, Alphabet to Test Wider Drone Deliveries

Walmart Inc. is planning its longest drone deliveries yet by teaming up with Alphabet Inc.’s Wing unit at two Dallas-area stores.  

Brendan Case | Bloomberg News
August 24, 2023
Government, Business, Safety, Logistics

Biden’s Visit to Hawaii Coincides With More Federal Relief

President Joe Biden’s visit Aug. 21 to Maui was bolstered by a $3 million Federal Highway Administration emergency grant and tax relief for people and businesses impacted by the wildfires.

Noël Fletcher | Staff Reporter
August 23, 2023
Business, Logistics, For-Hire

Private Equity Firm H.I.G. Buys 3PL Ascent Global Logistics

A unit of H.I.G. Capital is to acquire third-party logistics provider Ascent Global Logistics for an undisclosed sum, the Miami-based private equity group said Aug. 22.

Keiron Greenhalgh | Staff Reporter
August 23, 2023
Business, Fuel, Logistics

Two Tankers Collide in Egypt’s Suez Canal

CAIRO — Two tankers carrying oil products and liquefied natural gas collided in the Suez Canal, briefly disrupting traffic through the global waterway, Egyptian authorities said Aug. 23.

Sam Magdy | Associated Press
August 23, 2023
Business, Logistics, Breaking News

Truck Tonnage Dips 3% Year-Over-Year in July

Truck tonnage in July declined by 3% compared with the same month in 2022, the fifth consecutive year-over-year decline and an indication that softness in the freight market persists.

Dan Ronan | Senior Reporter
August 22, 2023
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