Logistics News

About Logistics News...

For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
 

Business, Logistics, Top 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
Government, Business, Safety, Logistics

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
Business, Logistics

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
Business, Logistics

°®¶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
Business, Technology, Logistics, Top 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
Business, Logistics

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
Business, Logistics

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
Government, Business, Logistics

USDOT Targets Georgia for Supply Chain Assistance

The Biden administration task force on supply chains recently paved the way for the Georgia Port Authority to be able to reallocate more than $8 million for inland facilities in the state, as well as North Carolina.

November 15, 2021
Government, Business, Logistics

Biden Signs $1 Trillion Infrastructure Bill

President Joe Biden signed his $1 trillion infrastructure deal into law Nov. 15 on the White House lawn, with a smattering of Republican lawmakers on hand for what could be one of the last shows of bipartisanship ahead of the 2022 midterm elections.

November 15, 2021
Business, Technology, Logistics

Uber Freight Completes Acquisition of Transplace

Uber Freight announced Nov. 15 that it has completed its acquisition of the managed transportation and logistics network company Transplace from TPG Capital.

November 15, 2021