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.
XPO Logistics Announces Mark Manduca as Chief Investment Officer for GXO
XPO Logistics announced Mark Manduca will become chief investment officer of its planned spinoff business, GXO Logistics.
KC Southern Reports Mixed Q1 Earnings
Kansas City Southern reported mixed first-quarter earnings.
Illinois Makes $110 Million Available for Public Port Projects
Illinois officials announced $110 million is available for projects to improve public ports across the state.
Union Appeals Amazon Election Loss, Claiming Misconduct
Accusing Amazon .com Inc. of misconduct, the retail union that lost a hotly contested election at the company’s Alabama warehouse has asked federal officials to set aside the results.
J.B. Hunt Reports Q1 Revenue Increased to $2.6B
J.B. Hunt Transport Services saw revenue and earnings increase due to strong segment growth during the first quarter of 2021, the company reported April 15.
Drivers at Grocery Startup Imperfect Foods Vote to Unionize
Drivers at grocery delivery startup Imperfect Foods Inc. have voted to unionize, an apparent victory for organized labor as it steps up efforts to make inroads into California’s fast-growing startups. The company said it would challenge the results.
Republicans Seek Broader Curbs on Exports of Chip Tools to China
Two Republican lawmakers called for broader American restrictions on the sale of chip-making tools after the U.S. government placed several Chinese supercomputing firms on an export blacklist, saying even tougher rules are needed to prevent the People’s Liberation Army from using sensitive technologies.
Fed Sees Supply Chain Issues Growing Despite Better US Outlook
The Federal Reserve is seeing both labor and material shortages mounting across several sectors of the U.S. economy, which may have consumers paying even more for everything from fuel to new homes.
Historic Golf Course Closer to Becoming Trucking and Warehouse Facility
A historic golf course in the Chicago suburbs is one step closer to becoming a trucking and logistics and warenhouse complex.
Egypt Seizes Ever Given Pending $900 Million Compensation
Egypt seized the giant container vessel that blocked the Suez Canal last month as part of an effort to get more than $900 million in compensation.