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BusinessLogisticsTop 50

Royal Mail Hands $540 Million to Investors on Parcel Windfall

Royal Mail Plc will return $540 million to shareholders, saying it’s increasingly confident that the online shopping boom spurring parcel deliveries will persist.

November 18, 2021
BusinessLogistics

Delays Expected to Continue Past Holiday Shipping Season

Delays in shipments could extend through the holiday season and into next year due to a stressed supply chain, experts warned.

November 18, 2021
GovernmentBusinessEquipmentLogistics

California Boosts Truck Weight Limits to 88,000 Pounds to Ease Port Snarls

California will increase weight limits for trucks carrying goods in and out of its ports in an effort to ease supply chain bottlenecks and clear containers off the docks of Los Angeles and Long Beach.

November 17, 2021
BusinessLogisticsTop 100

FedEx Closes Hong Kong Crew Base Amid Stricter COVID Rules

FedEx Corp. is shutting its crew base in Hong Kong, the world’s busiest international cargo hub, and relocating its pilots as the city considers stricter measures on flight crews to curb the spread of COVID.

November 17, 2021
GovernmentBusinessSafetyLogistics

Storm of the Century Stalls Canada’s Biggest Port, Idles Freight

Traffic at Canada’s largest port has been cut off by what local officials are calling the storm of the century, the latest snag to hit the North American supply chain.

November 17, 2021
BusinessLogistics

Canadian Pacific Railway Starts Bond Sale for KC Southern Deal

Canadian Pacific Railway Ltd. is tapping the U.S. investment-grade bond market to help fund its acquisition of Kansas City Southern.

November 17, 2021
BusinessLogistics

°®¶¹´«Ã½ Depot Sales Gain Shows Americans Keep Fixing Up Houses

°®¶¹´«Ã½ Depot Inc. posted stronger-than-expected results in the third quarter, a sign that increased North American spending on home improvement continues to stretch through the pandemic.

November 16, 2021
BusinessTechnologyLogisticsTop 100

Amazon Brand Owner Heyday Raises $555 Million in Funding Round

Heyday, a platform that buys and builds consumer brands that sell on Amazon .com Inc., raised $555 million in a funding round led by Raine Group and Indian tycoon Azim Premji’s investment firm.

November 16, 2021
BusinessLogistics

Container Shipping Rates May Take Two Years to Fall to Normal

Ocean freight rates, which have pummeled retailers and manufacturers throughout 2021, may take more than two years to return to normal levels if past market cycles are any guide.

November 16, 2021
BusinessLogistics

L.A., Long Beach Delay Container Fees as Shippers Clear Stacks

The country's largest ports of Los Angeles and Long Beach will postpone the start of a fee on ocean carriers that fail to clear containers off the docks, which was set to begin Nov 15.

November 15, 2021