Logistics

Deutsche Bahn said bids submitted by private equity fund CVC Capital Partners remain “inferior” to the winner’s offer, the latest twist in the $16 billion battle for its logistics unit.

A lengthy ports shutdown could raise prices on goods around the country and potentially cause shortages and price increases at retailers as the holiday shopping season approaches.

Key industry and government officials are urging U.S. dockworkers and their employers to avoid a strike at East and Gulf Coast ports, though many facilities are bracing for a shutdown.

Pete Buttigieg, Julie Su and Lael Brainard are reportedly urging the United States Maritime Alliance to get to the bargaining table.

In-store shopping was already on the rise as the retail sector reset after the turmoil of the COVID-19 pandemic, and the upcoming holiday season is likely to expedite the trend.

The union, which represents 1,200 dockworkers, gave 72-hour strike notice on Sept. 27 to the Maritime Employers Association.

Several terminals at the ports of Los Angeles and Long Beach are closed Sept. 27 after a big rig overturned on a vital roadway and the lithium batteries it was carrying caught fire.

The world’s top container carrier is urging customers to move U.S. cargo through East and Gulf Coast ports before the planned start on Oct. 1 of a dockworkers strike.

The TIA board of directors announced the move on Sept. 26, the same day Reinke was named as the next president and CEO of the Intermodal Association of North America.

Logistics experts say a threatened strike by U.S. dockworkers could stymie shipping activity that stretches far beyond the East and Gulf Coast ports where work stoppages would occur.