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Each year, about 60,000 ships vital to the global economy sail through the Indian Ocean past a Chinese-operated port on the southern tip of Sri Lanka. Few stop to unload cargo.

Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on millions and millions of paper documents.

Brent Nussbaum, CEO of Nussbaum Transportation, gave 35% of ownership to employees through an employee stock ownership plan, known as an ESOP.

Crude rose to its highest level since 2014 in New York as the drop in U.S. inventories reported by an industry group helped to sustain a rally spurred by geopolitical risks.

Peoples Services Inc., a logistics firm based in Canton, Ohio, acquired the assets of The Grimes Cos. in Jacksonville, Fla., a move that substantially expands the company’s warehousing and distribution services in the southeastern United States.

SpaceX has chosen to manufacture its planned big, new rocket in the Port of Los Angeles, Mayor Eric Garcetti announced April 16 in his annual state of the city speech.

Alliance Creative Group, a Chicago-based firm engaged in product development, packaging and printing, fulfillment and transportation services, said it will transfer its trucking clients and most of its drivers to Mark-It Express Logistics, a bigger and more established trucking company.

Mike Ducker will retire Aug. 15 as president and CEO of FedEx Freight after leading the group for four years, FedEx Corp. announced April 16. His successor will be named later.

Forget your fancy office towers. The future lies in warehouses.

PALM DESERT, Calif. — Automation isn’t just for trucks. There was plenty of evidence at the Transportation Intermediaries Association Capital Ideas conference and exhibition here that it’s also going to change the way freight is managed by shippers and third-party logistics companies.