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, 2021Logistics 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.
Prologis Buys Lot Near Philadelphia Airport for $45 Million
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, 2021Yellow 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, 2021Maersk 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, 2021ArcBest 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, 2021Amazon’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, 2021Cargo Van Manufacturers Take Advantage as the Last-Mile Delivery Industry Grows
Van manufacturers are working to meet the demands of the growing e-commerce delivery business. They also see these vans as the perfect incubator for the transportation industry’s move toward electric-powered vehicles.
August 2, 2021XPO Logistics Spinoff GXO Officially Goes Public
XPO Logistics Inc.'s completion of its spinoff of GXO Logistics Inc. as a publicly traded pure-play contract logistics provider culminated with GXO officials ringing the New York Stock Exchange opening bell Aug. 2.
August 2, 2021Mudslides Close 46 Miles of I-70 in Colorado
DENVER, Colo. — Mudslides from heavy rains caused “extreme damage” to Interstate 70 in Glenwood Canyon, Colo., Aug. 1, and transportation officials closed the road and advised long-distance truckers to detour north onto Interstate 80 through Wyoming.
August 2, 2021I-40 Bridge Linking Arkansas, Tennessee Reopens
MEMPHIS, Tenn. — Authorities on July 31 reopened the Interstate 40 bridge linking Arkansas and Tennessee that had been closed ever since a crack was discovered in the span in May.
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