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Business, Logistics, Global Freight, TCA

Sluggish Global Economy Weighs on Germany’s DHL in Q2

FRANKFURT — German logistics and delivery giant DHL reported second-quarter net profit of $802 million, a decline of 23.9% from a year ago, as a sluggish global economy dampened demand.

August 1, 2024
Business, Logistics, Global Freight

Maersk Boosts Full-Year Guidance

A.P. Moller-Maersk, a bellwether for global trade, increased its full-year guidance due to higher freight rates caused by supply chain disruptions following attacks in the Red Sea.

August 1, 2024
Government, Business, Technology, Safety, Logistics, For-Hire, Private, Global Freight

FAA Clears Drone Companies to Operate in Shared Airspace

The FAA has cleared Wing and Zipline to fly their drones simultaneously over the suburbs of Dallas-Fort Worth without visual observers, using technology to keep the drones apart.

July 30, 2024
Government, Business, Safety, Logistics, Private, Global Freight

Amazon Deemed Responsible for Hazardous Third-Party Items

Amazon is responsible under federal safety law for hazardous products sold on its platform by third-party sellers and shipped by the company, a U.S. government agency ordered July 30.

July 30, 2024
Business, Global Freight

CMA CGM Reports Solid Volumes, Sees Rates Peaking

CMA CGM SA reported a second-quarter jump in cargo volumes and signaled freight rates have probably peaked for now despite bottlenecks at Mediterranean ports.

July 26, 2024
Business, Logistics, Global Freight

Union Pacific Profit Grows 7%

OMAHA, Neb. — Union Pacific delivered 7% growth in its second-quarter profit even though the number of shipments it hauled remained essentially flat.

July 25, 2024
Business, Logistics, For-Hire, Global Freight

UPS Discusses Acquisition of Parcel Carrier in Mexico

The recently announced UPS acquisition of Mexican express delivery company Estafeta takes advantage of a business trend toward nearshoring.

July 24, 2024
Business, Logistics, Private, Global Freight

Amazon Prime Day Drives Online Sales Up 11% to $14.2 Billion

U.S. shoppers spent $14.2 billion online during Amazon.com Inc.’s 48-hour Prime Day sale, up 11% from a year ago and in line with estimates, according to Adobe Inc.

July 18, 2024
Government, Business, Logistics, Global Freight, TCA

Port of Baltimore Terminal to Have $1.54B Impact, Study Finds

The planned Sparrows Point terminal is expected to transform Maryland’s economy over a decade, generating more than 8,000  jobs and adding $1.54 billion a year in economic impact.

July 17, 2024
Business, Logistics, Private, Global Freight

Amazon Prime Day Sales Rise 13% in First Six Hours of Event

Amazon’s Prime Day sales rose about 13% in the first six hours of the event compared with the same period last year, according to Momentum Commerce.

July 16, 2024