Mall Operator Weighs Empty Spaces as Amazon Centers
Mall operator Simon Property Group Inc. has been in talks with Amazon .com Inc. to turn some empty store space formerly occupied by anchor tenants such as J.C. Penney Co. Inc. and Sears Holdings Corp. into Amazon fulfillment centers, Dow Jones reported, citing people familiar with the matter.
August 10, 2020USPS Overhaul Challenged by Democrats
The U.S. Postal Service overhauled its organizational structure, as Democrats called for an investigation into whether the changes implemented by President Donald Trump’s postmaster general pose a threat to mail-in ballots for the November election.
August 10, 2020Americold Posts Q2 Gains in Earnings, Revenue
Americold Realty Trust reported improved net income and revenue for the second quarter.
August 7, 2020USPS Loses $2.2 Billion in 3 Months as Virus Woes Persist
The U.S. Postal Service says it lost $2.2 billion in the three months that ended in June as the beleaguered agency — hit hard by the coronavirus pandemic — piles up financial losses that officials warn could top $20 billion over two years.
August 7, 2020UPS to Levy Holiday Surcharges as Home Deliveries Climb
United Parcel Service Inc. will apply hefty surcharges on its biggest customers during the holiday peak season to help manage an avalanche of residential deliveries spurred by the coronavirus pandemic.
August 7, 2020Supply Chain Risk Grows as Weary Crews Halt Ships and Clog Ports
A new risk to global supply chains is emerging as exhausted seafarers stuck offshore for months halt work, a breaking point caused by restrictions on crew changes amid coronavirus precautions.
August 7, 2020UPS, FedEx Gear Up to Ship COVID-19 Vaccine When Ready
UPS and FedEx are among the companies hard at work on strategies to ship a COVID-19 vaccine safely around the world once it is ready.
August 6, 2020USPS Election Role Becomes Flashpoint in Stimulus Talks
House Democrats want to throw a financial lifeline to the struggling U.S. Postal Service amid concerns that mail delays could lead to hundreds of thousands of legitimate votes being thrown out, potentially skewing the election. Senate Republicans say the money isn’t needed.
August 6, 2020C.H. Robinson Tweaks Freightquote for Small Businesses
C.H. Robinson is rolling out enhancements to its Freightquote service for small businesses that the company said will help owners who deal infrequently with the complexities of shipping and logistics and those who might be new to it.
August 5, 2020East Coast Ports Continue to Assess Damage From COVID-19
The nation’s East Coast ports continued to be battered by lower imports from overseas in June because of the COVID-19 pandemic.
August 5, 2020