Sequoia Capital Leads Group Pumping in Cash to Startup Next Trucking
Next Trucking has received $21 million in a round of financing led by Sequoia Capital, the freight marketplace startup announced Jan. 30.
January 30, 2018The Robot Delivery Vans Are Here
The future of driverless driving looks like a giant toaster with a funny hat.
January 30, 2018Opinion: For Logistics, It’s Data or Else
Amazon’s ongoing effort to build a fleet of air, road and sea vehicles should set off warning alarms for traditional logistics companies; the company has a 40-strong fleet of aircraft, has registered for a license for sea freight and holds a patent for a futuristic, high-speed subterranean urban delivery system.
January 30, 2018Europe to Trump: If You Want a Trade War, You’ll Get One
The European Union gave President Donald Trump a fresh warning about any U.S. curbs on imports from Europe by pledging rapid retaliation, highlighting the persistent risk of a trans-Atlantic trade war.
January 29, 2018US Says ‘Some Progress’ Was Made at Latest NAFTA Talks
The U.S., Canada and Mexico said they’ve made some progress in the latest round of NAFTA talks, while America’s trade chief warned he’d like negotiations to speed up.
January 29, 2018FedEx to Borrow $1.5 Billion for Contribution to Pension Plan After Tax Changes
FedEx Corp. is borrowing $1.5 billion to fund a contribution to its pension plan that it announced after the passage of U.S. tax law changes.
January 29, 2018New Hawaii Cargo Shipping Service is a No-Go
A much-touted plan to start a new Hawaii ocean cargo transportation service is dead in the water.
January 29, 2018First Cryptocurrency Freight Deal Takes Russian Wheat to Turkey
The first freight deal settled in Bitcoin was executed last month on a vessel carrying wheat from top shipper Russia to Turkey, according to Prime Shipping Foundation, the venture behind the transaction.
January 29, 2018Amazon Expands Delivery Trial That Could Hurt FedEx, UPS
Amazon.com Inc. is expanding a service launched to make more groceries, cleaning supplies and other products available for quick delivery directly from merchants without overwhelming the e-commerce giant’s warehouses with additional inventory, according to documents reviewed by Bloomberg News.
January 29, 2018Port of Virginia Gets Preliminary OK on Dredging Project
The U.S. Army Corps of Engineers has preliminarily approved a project to dredge Virginia’s Norfolk Harbor from 50 feet to 55 feet, but a final decision on whether to fund it will come this summer.
January 26, 2018