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BusinessFuel

Oil Steadies Amid Mixed Signals on US Crude Inventories

Oil was steady amid mixed signals on U.S. crude inventories, with industry data showing supplies increased last week while government statistics were expected to show a decline.

July 19, 2017
BusinessTechnologyEquipmentSafetyAutonomous

Mining Companies Looking at New Fleets, Could Use Autonomous Trucks to Save Millions

Mining companies in Australia, the world’s biggest exporter of iron ore and coal, are poised to approve fresh investments in projects, driven by rallying commodity prices and the need to replace depleting deposits, according to global equipment supply giant, Komatsu Ltd.

July 17, 2017
Business

Cosco Shipping Offers $6.3 Billion to Buy Orient Overseas

Cosco Shipping Holdings Co. offered $6.3 billion to acquire the container carrier controlled by former Hong Kong Chief Executive Tung Chee-hwa’s family in a deal that would catapult the mainland Chinese group into world’s third-largest shipping line

July 10, 2017
Business

World’s Largest Container Line Hit By Global Cyber Attack

Maersk said its customers can’t use online booking tools and its internal systems are down. The attack is affecting multiple sites and units, which include a major port operator and an oil and gas producer.

June 28, 2017
BusinessLogistics

Amazon to Acquire Whole Foods for $13.7 Billion

Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, a bombshell of a deal that catapults the e-commerce giant into hundreds of physical stores and fulfills a long-held goal of selling more groceries.

June 16, 2017
GovernmentBusiness

US Strikes Gentler Tone on NAFTA as Talks Countdown Begins

President Donald Trump’s top trade negotiator came out of the gate sounding like he wants to fine-tune the North American Free Trade Agreement, not blow it up as some feared.

May 19, 2017
Business

Amazon Wants Cheerios, Oreos and Other Brands to Bypass Chain Stores

Amazon.com has invited some of the world's biggest brands to its Seattle headquarters in an audacious bid to persuade them that it's time to start shipping products directly to online shoppers and bypass chains like Wal-Mart, Target and Costco.

March 30, 2017
BusinessGovernmentLogistics

Consumer Confidence Rises to Highest Since December 2000

Consumer confidence jumped in March to the highest level in more than 16 years, as Americans grew increasingly upbeat about both present and future conditions, according to a report March 28 from the New York-based Conference Board.

March 28, 2017
BusinessLogistics

Sanity Returning to Shipping as Freight Rates Gain, Maersk Says

The bankruptcy of South Korean ocean carrier Hanjin Shipping Co. and consolidation in container shipping will pave the way for a better 2017 for the industry, according to Robbert van Trooijen, the Asia-Pacific chief of Maersk Line.

February 10, 2017
Business

To Keep FedEx-Like Margins, China Logistics Firm Plans Cuts

ZTO Express Inc., the first Chinese package-delivery company to list in the United States, said it needs to cut costs in China to maintain profit margins that exceed FedEx Corp.’s.

December 28, 2016