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SF Express Is Said to Target Second Listing in Hong Kong

SF Holding Co., China’s biggest express delivery company, is targeting a second listing in Hong Kong at the end of next month that could raise about $1 billion.

October 24, 2024
BusinessLogisticsGlobal Freight

DSV to Kick Off Bond Sale Early to Finance DB Schenker Deal

Danish transport company DSV will start a large bond sale as soon as this year to help pay for its $15.4 billion takeover of DB Schenker ahead of an expected completion in 2025.

October 23, 2024
BusinessLogisticsFor-HirePrivateGlobal Freight

Walmart Challenges Amazon With Prescription Delivery

Walmart Inc. will start delivering prescriptions to U.S. homes in as little as 30 minutes, a move that’s intended to grab a bigger slice of online spending and compete against Amazon.com Inc.

October 22, 2024
BusinessTechnologyLogisticsFor-HirePrivateGlobal Freight

Consumers Switch to Slower Shipping, Squeezing UPS, FedEx

More people are switching to slower delivery options to save money, and profits at FedEx Corp. and UPS Inc. are getting squeezed.

October 17, 2024
BusinessTechnologyLogisticsPrivateGlobal Freight

Amazon, Google Make Dueling Nuclear Investments

Amazon on Oct. 16 said it was investing in small nuclear reactors, coming just two days after a similar announcement by Google, as both tech giants seek new sources of carbon-free electricity.

October 16, 2024
BusinessTechnologyLogisticsPrivateGlobal Freight

Amazon Unveils AI Tool to Help Drivers Find Packages Faster

Amazon.com Inc. unveiled a new artificial intelligence tool designed to help drivers locate packages in cluttered vans.

October 9, 2024
BusinessLogisticsGlobal Freight

Maersk, Hapag-Lloyd Expect Red Sea to Be Unsafe Into 2025

A.P. Moller Maersk and Hapag-Lloyd plan to begin their partnership sailing south of Africa, indicating they expect the Red Sea to remain unsafe well into 2025.

October 9, 2024
BusinessTechnologyPrivateGlobal Freight

Charging Developer Terawatt Opens First Facility for Fleets

Terawatt Infrastructure’s truck charging ambitions took a step forward with the opening of its first full-build light-duty fleet facility.

October 9, 2024
GovernmentBusinessFuelLogisticsGlobal Freight

Maersk Expects IMO to Approve Global CO2 Levy in 2025

Shipping giant A.P. Moller-Maersk A/S expects the industry’s global regulator next year to approve a charge on vessels’ greenhouse gas emissions.

October 4, 2024
BusinessLogisticsGlobal Freight

Global Shipping Stocks Sink After Dockworkers Pause Strike

Shipping stocks slumped worldwide after a strike by U.S. dockworkers was suspended after only three days, spurring predictions of a decline in the price of transporting goods by sea.

October 4, 2024