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, 2023Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Dry Storage Warehousing Firms
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Extras
Instacart Files for IPO Revealing Profit, PepsiCo Investment
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.
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.
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.
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.
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.
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.
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.
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.
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.