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Government, Business, Logistics, Global Freight

US Port Talks Kick Off in Effort to Avoid Strike

The union representing East and Gulf coast dockworkers kicks off a two-day meeting Sept. 4 in New Jersey to discuss wage demands with port employers under the threat of a disruptive strike.

September 4, 2024
Business, Logistics, Global Freight

Container Carrier Profits Soar on Record Volumes, High Rates

The global container shipping industry saw profits surge to more than $10 billion in the second quarter on record volumes and rising freight rates after Red Sea diversions.

September 3, 2024
Business, Logistics, Global Freight

Private Equity Gets Rare Support From Union on Schenker Sale

Verdi, Germany’s most powerful labor union, is making the unusual move of backing a private equity firm’s bid for Deutsche Bahn’s planned $15.5 billion sale of its Schenker logistics arm.

August 30, 2024
Government, Business, Logistics, Global Freight, Top 100, Top 50

CVC and DSV Compete in $15.6B Bid for DB Schenker Unit

Deutsche Bahn is currently evaluating the final offers and needs to discuss with the government on CVC’s proposal.

August 23, 2024
Business, Technology, Equipment, Fuel, Logistics, Global Freight, Top 100, Top 50

DSV Orders 300 Electric Trucks in Major Volvo Deal

Logistics firm DSV plans to buy 300 electric heavy trucks from Volvo AB in what would be one of the largest commercial orders to date for the Swedish manufacturer’s battery-powered rigs.

August 23, 2024
Business, Technology, Logistics, Autonomous, Global Freight, Top 100, Top 50

Will Amazon’s AI Bet Pay Off?

More than any of the megacap technology stocks, Amazon.com Inc.’s big-spending ways are coming at the expense of profits, and its shares are being punished as a result.

August 20, 2024
Business, Technology, Logistics, Global Freight

Rivian Pauses Output of Amazon’s Electric Delivery Van

Rivian Automotive Inc. has paused production of the electric commercial van it makes for Amazon.com Inc. due to a parts shortage in the latest supply chain snafu for the EV maker.

August 16, 2024
Business, Logistics, Private, Global Freight

Amazon Tests Speedy Delivery Service Featuring Kia Souls

Amazon.com Inc. has deployed a new secret weapon in its same-day delivery operation: a convoy of Kia Souls.

August 8, 2024
Business, Logistics, Global Freight

Maersk CEO Seeks New M&A Deals After Dropping Schenker Bid

A.P. Moller-Maersk A/S is looking for new acquisition targets after recently walking away from what would have been its biggest ever deal, the CEO said.

August 7, 2024
Business, Logistics, Private, Global Freight

Amazon Reports Boost in Quarterly Profit to $13.5 Billion

Amazon reported a boost in its quarterly profits Aug. 1, but the company missed revenue estimates, sending stocks lower in after-hours trading.

August 1, 2024