A.P. Moller-Maersk, a bellwether for global trade, said the world’s supply lines are more impacted than previously expected by the ripple effects coming from the congestion in the Red Sea.
June 4, 2024Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Bankrupt Yellow May Start New REIT Using Empty Terminals
Defunct cargo hauler Yellow Corp. may put its remaining cargo terminals and other vacant properties into a real estate investment trust that could be used to raise money for creditors.
June 4, 2024International Paper Seeks to Reassure DS as Suzano Plots Bid
International Paper Co.’s top boss traveled to London to reaffirm his company’s commitment to merger partner DS Smith, downplaying a takeover offer from Suzano.
June 3, 2024South Accounts for Lion’s Share of Factory Construction Boom
States in the U.S. South are at the forefront of a massive renaissance in construction projects aimed at enhancing manufacturing capacity and supply chain resiliency.
June 3, 2024Einride Becomes Peterbilt’s Biggest BET Customer
Einride will buy 150 Model 579EV battery-electric trucks from Peterbilt, the truck maker’s biggest EV order so far, the companies said.
June 3, 2024Oregon Champ Shamrell Excited to Make Familiar Trek
After winning his 10th Oregon grand championship, FedEx Freight 3-axle driver Dan Shamrell is preparing to compete in his 18th NTDC.
June 3, 2024Truck-Specific Navigation Software Offers Safety, Efficiency
As navigation and routing software applications grow more granular, developers are working to integrate pertinent data to support safe, efficient fleet operations.
June 3, 2024Full Port of Baltimore Channel Set to Open by June 10
The Army Corps of Engineers now expects to have the full Federal Channel into Port of Baltimore open by June 10 at the latest, a slightly later target than their original timeline of late May.
June 3, 2024CalAmp Files Bankruptcy to Complete Restructuring
CalAmp Corp., which develops business software designed to track vehicles and improve company logistics, has filed bankruptcy to complete a lender-backed plan to cut debt.
June 3, 2024Ships Diverted From Red Sea Send Ripple Effects Across Globe
Nearly six months into the Houthis’ relentless campaign to protest Israel’s war in Gaza, the economic fallout is widening.
June 3, 2024Trending
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