Logistics

The number of containerships waiting at the ports of Houston and Charleston, S.C., reached new pandemic highs as importers looking to avoid bottlenecks on the West Coast encounter growing congestion in alternative gateways.

UPS Inc. lost a court fight for about $2 billion in compensation over the European Commission’s 2013 botched veto of its takeover bid for TNT Express.

LISBON, Portugal — A fire aboard a ship carrying cars in the Mid-Atlantic is dying out, a Portuguese navy officer said Feb. 22, and the huge vessel is expected to be towed to the Bahamas.

Truck tonnage in January rose 1.2% when measured against year-ago levels, marking the fifth consecutive month for a year-over-year increase, American Trucking Associations said.

The shipping industry is starting to feel the full force of surging diesel and gasoline costs.

GXO Logistics has reached agreement with Clipper Logistics on the key terms of a possible acquisition, both company boards announced Feb. 20.

The bottlenecked ports in Los Angeles face a narrow window between now and midyear to clear container backlogs before another import surge and union contract talks threaten to stall progress moving record volumes of cargo through the busiest U.S. gateway for trade.

The truckload sector continued to experience a strong pricing environment during the fourth quarter amid marginal fleet growth.

Elon Musk’s Boring Co. is seeking to build an underground loop around North Miami Beach for Tesla vehicles, the latest idea to help address traffic in an ever-growing part of Florida with limited public transportation.

Rapidly climbing inflation in the U.S. is accelerating calls from governors and state leaders to provide immediate tax relief to cash-strapped residents facing higher prices on everyday products such as gas, milk and electricity.