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.
Al Gore’s Fund Leads $400 Million Deal With Convoy
In the four years since it was founded, Convoy Inc. has assembled a lineup of big-name investors that includes Bill Gates, Jeff Bezos and Marc Benioff. It’s adding one more to the list: Al Gore.
Trade Battles With China Could Damage 1.47 Million US Jobs, Says Study
President Donald Trump’s long-running trade battle with China is putting nearly 1.47 million U.S. jobs at risk, according to a new study commissioned by the Port of Los Angeles and written by global consulting firm BST Associates.
Pemex Faces Payment Problems After Cyberattack Shut Down System
A ransomware attack that hit Mexico’s Petroleos Mexicanos is disrupting the company’s billing systems, according to people familiar with the situation.
IMC Acquires TransInternational System
IMC Cos. has acquired TransInternational System effective Oct. 18, the intermodal logistics company said in a news release.
November 12, 2019Truck Delivery App Wins Saudi Funds to Expand in Middle East
Trukker, a digital marketplace for land freight based in the United Arab Emirates, has raised one of the largest initial rounds of capital for a startup in the region.
Connecticut Gov. Ned Lamont’s Transportation Plan Includes Tolls
Connecticut Gov. Ned Lamont has released a transportation plan that would be funded in part by electronic tolls.
Amazon Accused of Forcing Up Prices in Antitrust Complaint
In a letter sent to federal lawmakers, an online merchant has accused Amazon.com of forcing him and other sellers to use the company’s expensive logistics services, which in turn forces them to raise prices for consumers.
Americold’s Net Income Climbs 10.6% in Q3
Americold Realty Trust, a global real estate company focused on temperature-controlled warehouses, said it grew its net income by 10.6% to $27.1 million in the quarter ended Sept. 30, over income of $24.5 million in the same quarter last year.
Holiday Season Returns Will Set Record, UPS Predicts
This holiday season is projected to be so busy, UPS even expects to set a record for returned merchandise.
Jacksonville Port Authority Receives $20 Million Grant
The Jacksonville Port Authority is the recipient of a $20 million grant for infrastructure improvements to include reconstructing about 100 acres of pavement at the SSA Jacksonville Container Terminal on Blount Island to allow the port to better accommodate large container vessels.