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BusinessTechnologyEquipmentLogisticsTCA

Startup TextLocate Seeks to Improve Freight Tracking

In today’s digitally connected world, the status and location of most freight shipments can be immediately determined by GPS trackers, phone apps or simply making a cellphone call to the trucker hauling the package for delivery.

August 9, 2021
BusinessTechnologyEquipmentFuelLogistics

Maersk’s Green Shipping Plan Runs Up Against Scarce Cooking Oil

A.P. Moller Maersk A/S’s efforts to become carbon-neutral face an unusual hurdle: There isn’t enough used cooking oil to make the biofuel that powers the vessels.

August 9, 2021
BusinessEquipmentLogistics

Americold Swings to Q2 Loss

Refrigerated warehouse operator Americold Realty Trust saw revenue rise in the second quarter but swung to a loss for the period because of disruptions in the global food supply chain.

August 6, 2021
BusinessSafetyLogistics

Amazon Tells Warehouse Workers to Mask Up Again

Amazon .com Inc. is ordering frontline U.S. employees to resume wearing masks at work regardless of vaccination status, joining the ranks of companies ramping up precautions in response to the spread of the COVID-19 delta variant.

August 6, 2021
BusinessLogisticsTCA

Prologis Buys Lot Near Philadelphia Airport for $45 Million

PHILADELPHIA — A popular parking lot near Philadelphia International Airport has been snapped up for $45 million by Prologis, a real estate giant that specializes in leasing space to retail, e-commerce and logistics businesses, according to the firm that brokered the deal.

August 6, 2021
BusinessTechnologyLogistics

Uber’s Do-It-All Approach Stalls Pursuit of Profit

Another quarter passed, and Uber Technologies Inc. is a little further from its goal of posting an adjusted profit by the end of the year.

August 5, 2021
BusinessLogisticsTop 100

Yellow Narrows Year-Over-Year Loss to $9.4 Million in Q2

Yellow Corp. reported an increase in net revenue and a narrower net loss for the second quarter.

August 5, 2021
BusinessLogistics

Maersk Ratchets Up Profit Guidance After Freight Rates Soar

A.P. Moller-Maersk A/S, the world’s largest container line, raised its guidance for profit this year after freight rates soared as lockdowns led to a surge in spending on shipped goods.

August 3, 2021
BusinessLogisticsTop 100

ArcBest Posts Record Revenue, Profits

ArcBest Corp. capitalized on tight capacity in the freight market to post large second-quarter gains in profit and revenue.

August 2, 2021
BusinessTechnologyLogistics

Amazon’s Whole Foods Adds Delivery Fee in Some Cities

Amazon .com Inc. is tacking on a delivery fee for Prime members who shop at Whole Foods Market in several U.S. cities, an indication that the economics of grocery delivery continue to pose a challenge for even the world’s largest online retailer.

August 2, 2021