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.
 

Government, Business, Logistics

White House Open to $25 Billion for USPS, McEnany Says

The Trump administration is willing to consider the Democrats’ plan to spend $25 billion on the U.S. Postal Service — as long as lawmakers also provide other coronavirus relief sought by the White House, said spokeswoman Kayleigh McEnany.

August 19, 2020
Business, Fuel, Logistics

World’s Largest Offshore Rig Owner Valaris Goes Bankrupt

Valaris Plc became the latest casualty of the global slump in oil prices, filing for bankruptcy Aug. 19 as the world’s largest offshore rig owner by fleet size seeks to restructure a roughly $7 billion debt load.

August 19, 2020
Government, Business, Logistics

States Sue Trump Over USPS Even as Changes Paused

More than a dozen states sued President Donald Trump over changes at the U.S. Postal Service that they said trampled federal law and threatened delivery of mail-in ballots, even after Postmaster General Louis DeJoy pledged to delay the moves until after the November election.

August 19, 2020
Business, Logistics

Maersk Lifts Profit Outlook in Sign of Pandemic Resilience

The world’s largest container line may generate $1.5 billion more in operating profit this year than previously expected, as its business proves resilient to the COVID-19 crisis.

August 19, 2020
Business, Technology, Fuel, Logistics

GM to Double Down on China After Tesla Grabs EV Lead

General Motors Co. is accelerating its push into the fast-growing electric-car segment in China, the world’s largest market, seeking to challenge sales leader Tesla Inc. and a slew of local contenders.

August 19, 2020
Government, Business, Logistics

Postmaster General Halts Service Changes Until After Election

Postmaster General Louis DeJoy said he is suspending changes to mail service that raised concerns over slow delivery of ballots in the fall election after Democrats accused President Donald Trump of hampering the vote-by-mail process.

August 18, 2020
Government, Business, Technology, Logistics, TCA

Amazon to Establish Tech Hubs in Six Cities, Including Detroit

Online retail giant Amazon.com Inc. said Aug. 18 it will put a tech hub in Detroit and five other U.S. cities. The move is expected to create 3,500 jobs in total.

August 18, 2020
Government, Business, Logistics

Three More States to Announce Lawsuits Over USPS, Mail-In Voting

Three more Democratic-led states announced they will take legal action to protect the U.S. Postal Service and mail-in voting as the Trump administration faces claims it is trying to undermine the election.

August 18, 2020
Business, Logistics, Breaking News

Tonnage Declines 8.3% Year-Over-Year in July, ATA Index Shows

Truck tonnage in July declined a seasonally adjusted 8.3% when compared with year-ago levels, and on a monthly basis was down 5.1% from June, according to ATA.

August 18, 2020
Government, Business, Logistics

Postmaster General Louis DeJoy to Appear Before Senate Over Mail Delays

Backlash mounting, President Donald Trump’s embattled Postmaster General Louis DeJoy will appear Aug. 21 before the Senate to testify on mail delivery delays and service changes that lawmakers and others are warning could imperil the November election.

August 18, 2020