°®¶¹´«Ã½

The global trade finance gap rose 15% to $1.7 trillion in 2020 as COVID-19 sent shock waves through trade and supply chains, according to a survey conducted by the Asian Development Bank.

Loadsmart has announced changes to its executive leadership team as well as the opening of a new headquarters in Chicago.

A.P. Moller-Maersk A/S said it had to divert some ships from the U.K.’s largest container port because of congestion tied to a trucker shortage that’s clogging the flow of cargo boxes into and out of the country.

XPO Logistics Inc. CIO Mario Harik will run the company’s less-than-truckload division in an acting capacity in the wake of the retirement of the LTL division president, Tony Brooks.

T.F. Boyle Transportation, a truckload carrier and provider of specialized transportation logistics, is being acquired by health care supply chain specialist Andlauer Healthcare Group Inc. in a deal valued at $80 million.

Greenbriar Equity Group is exploring a sale of BDP International that could value the logistics company at more than $1.5 billion including debt, people with knowledge of the matter said.

The deal market in the trucking industry is heating up as buyers and sellers look to make moves amid a confluence of factors that are driving activity, experts said.

The pharmaceutical industry and its transportation partners remain busy with the distribution of coronavirus vaccines.

The book industry has been thrown into chaos over widespread delays in the supply chain as the crucial holiday season approaches.

With shoppers already starting to purchase gifts and other items earlier than usual for the upcoming holiday season, concerns are growing that the already strained international supply chain will not be able to handle the crush of goods.