Logistics

Benchmark wheat in Chicago climbed above $8 a bushel for the first time in almost nine years amid growing inflation pressures that threaten to raise already soaring food prices worldwide.

A new joint venture between alternative investment firm Arcapita Group Holdings and Arden Group plans to acquire $2 billion worth of industrial property assets in the U.S. as capital pours into niche real estate sectors amid the global pandemic.

Vertical Cold Storage announced it is acquiring Liberty Cold Storage from West Liberty Foods. Terms of the transaction are not public.

With a near-record 75 containerships waiting outside the U.S.’s largest port complex in Southern California, unionized dockworkers have strengthened their indispensable role in the supply chain.

J.B. Hunt Transportation Services announced Oct. 27 that its freight-matching solutions will now be available to businesses using the enterprise resource planning software SAP ERP.

Persistent supply chain challenges continued to weigh on U.S. manufacturers in October, lengthening supplier delivery times and bloating a measure of inventories.

Cargo Transporters instituted its third, and largest, driver pay and compensation increase for 2021, the carrier announced Oct. 27.

Werner Enterprises achieved record third-quarter earnings per share despite supply chain and labor woes, the company reported Oct. 28.

Lineage Logistics announced the opening of its fully automated facility located adjacent to the Port of Virginia’s Virginia International Gateway in Portsmouth, which offers an integrated network of highways, air, rail and sea services.

Amazon .com Inc. owns a 20% stake in electric vehicle maker Rivian Automotive Inc., the startup with which it has placed an order for 100,000 battery-powered delivery vans, the e-commerce giant disclosed Oct. 29 in a securities filing.