Logistics
For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
Amazon Tells Warehouse Workers to Mask Up Again
Amazon .com Inc. is ordering frontline U.S. employees to resume wearing masks at work regardless of vaccination status, joining the ranks of companies ramping up precautions in response to the spread of the COVID-19 delta variant.
Prologis Buys Lot Near Philadelphia Airport for $45 Million
PHILADELPHIA — A popular parking lot near Philadelphia International Airport has been snapped up for $45 million by Prologis, a real estate giant that specializes in leasing space to retail, e-commerce and logistics businesses, according to the firm that brokered the deal.
Uber’s Do-It-All Approach Stalls Pursuit of Profit
Another quarter passed, and Uber Technologies Inc. is a little further from its goal of posting an adjusted profit by the end of the year.
Yellow Narrows Year-Over-Year Loss to $9.4 Million in Q2
Yellow Corp. reported an increase in net revenue and a narrower net loss for the second quarter.
Maersk Ratchets Up Profit Guidance After Freight Rates Soar
A.P. Moller-Maersk A/S, the world’s largest container line, raised its guidance for profit this year after freight rates soared as lockdowns led to a surge in spending on shipped goods.
ArcBest Posts Record Revenue, Profits
ArcBest Corp. capitalized on tight capacity in the freight market to post large second-quarter gains in profit and revenue.
Amazon’s Whole Foods Adds Delivery Fee in Some Cities
Amazon .com Inc. is tacking on a delivery fee for Prime members who shop at Whole Foods Market in several U.S. cities, an indication that the economics of grocery delivery continue to pose a challenge for even the world’s largest online retailer.
Cargo Van Manufacturers Take Advantage as the Last-Mile Delivery Industry Grows
Van manufacturers are working to meet the demands of the growing e-commerce delivery business. They also see these vans as the perfect incubator for the transportation industry’s move toward electric-powered vehicles.
XPO Logistics Spinoff GXO Officially Goes Public
XPO Logistics Inc.'s completion of its spinoff of GXO Logistics Inc. as a publicly traded pure-play contract logistics provider culminated with GXO officials ringing the New York Stock Exchange opening bell Aug. 2.
Mudslides Close 46 Miles of I-70 in Colorado
DENVER, Colo. — Mudslides from heavy rains caused “extreme damage” to Interstate 70 in Glenwood Canyon, Colo., Aug. 1, and transportation officials closed the road and advised long-distance truckers to detour north onto Interstate 80 through Wyoming.
August 2, 2021