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.
 

BusinessLogistics

Walmart Surpasses Amazon as Online Shoppers’ Most Popular Grocer

Look out, Amazon: Walmart is coming to steal your lunch — and maybe dinner too. The world’s largest retailer has surpassed the e-commerce giant in a survey of online food shoppers, more of whom said they most recently visited Walmart’s site for groceries.

November 6, 2018
BusinessLogisticsTop 50

Expeditors International Posts Record Profits, Net Revenue in 3Q

Expeditors International of Washington Inc. achieved record profits and net revenue in the third quarter as the Seattle-based air and ocean freight forwarder benefited from lower taxes and kept ahead of rising transportation costs in a tight-capacity market.

November 6, 2018
BusinessLogisticsTop 50Top 100

Hub Group to Acquire Retail Consolidation Specialist CaseStack

Hub Group has agreed to acquire CaseStack Inc. for $255 million as part of a strategy to expand and diversify its transportation service offerings.

November 6, 2018
GovernmentBusinessLogistics

Amazon Is Said to Split HQ2 Between New York, Northern Virginia

Amazon.com’s yearlong search for a second headquarters is nearing an end, people with knowledge of the matter said. One will be the Crystal City area of Arlington, in Northern Virginia, two people said. Another will be Long Island City, in the New York borough of Queens, other people said. An Amazon spokesman declined to comment.

November 6, 2018
GovernmentBusinessTechnologyFuelLogistics

Diesel Continues to Slide, Drops 1.7 Cents to $3.338 a Gallon

The U.S. average retail price of diesel dropped 1.7 cents to $3.338 a gallon as prices for West Texas Intermediate crude oil continued to sink despite concerns that global supplies could fall amid U.S.-imposed sanctions on Iran. It was the third consecutive weekly decline in the price of diesel.

November 5, 2018
BusinessLogistics

Magnate Worldwide Acquires Domek Logistics

Shipping and logistics company Magnate Worldwide has announced the acquisition of Domek Logistics. Domek will integrate as an additional branch of Masterpiece International, MWW’s international freight forwarding and customs brokerage subsidiary, according to a Nov. 2 press release.

November 5, 2018
BusinessLogistics

Werner Enterprises Opens Shop in Arkansas

Truckload carrier Werner Enterprises has opened a shop in West Memphis, Ark., to replace its drop yard in Marion, Ark.

November 5, 2018
BusinessTechnologyLogistics

Seacoast Capital Invests $10 million in Deliver-It

Capital investor Seacoast Capital has announced a $10 million investment in last-mile logistics company Deliver-It.

November 5, 2018
BusinessLogistics

Dresdner Robin Completes Work on $25 Million Baldor Foods Expansion

Dresdner Robin, a Jersey City, N.J.-based land use consultancy, has finished work on a $25 million expansion at the Bronx headquarters of Baldor Specialty Foods.

November 5, 2018
BusinessLogisticsTop 50Top 100

FedEx to Raise Prices in Response to Surging Freight Demand, Tight Capacity

FedEx Corp. will boost most prices by an average of 4.9% starting in January, more than double the expected rate of U.S. inflation next year, as freight demand surges.

November 5, 2018