The container shipping industry, after two years of record-high freight rates and slow deliveries, is seeing its boom become a bust due to oversupply following the COVID-19 demand highs.
November 14, 2023Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
$50 Million Federal Grant Will Help Modernize Delaware Port
Delaware officials announced a $50 million federal grant to help pay for a container terminal expansion project to enable the century-old Port of Wilmington to handle larger vessels.
November 13, 2023Mergers and Acquisitions Market Begins to Accelerate
After a drop in merger and acquisition activity, analysts believe the market has turned a corner. Driven by uncertain economic conditions earlier this year, M&A has now started a rebound.
November 13, 2023Forward Air Files Counterclaim Against Omni on Merger
Forward Air has filed a counterclaim against Omni Logistics in response to a lawsuit Omni filed alleging that Forward has not followed through on a planned merger between the companies.
November 13, 2023Einride Begins Regular Unmanned Moves for GE Appliances
An unmanned cargo vehicle operated by Swedish startup Einride has begun transporting goods on a regular basis for GE Appliances at a private site in Selmer, Tenn., the companies announced.
November 13, 2023Trucking Enters Strong but Uncertain Holiday Season
The trucking industry is heading into a strong but somewhat uncertain peak shipping season with consumer spending expected to remain high even amid a softer economy, according to a survey.
November 9, 2023Canada Mandates New Dangerous Goods Transport Database
Canada is implementing a new database requiring registration by next year for people and companies transporting dangerous goods at a domestic site they own or operate.
November 9, 2023Container Shipping Set for Downturn, Hapag-Lloyd Chief Says
The container shipping industry faces a few years of headwinds as low freight rates and widening geopolitical turmoil cloud the outlook, according to Hapag-Lloyd AG CEO Rolf Habben Jansen.
November 9, 2023Amazon to Expand Grocery Delivery
Amazon.com Inc. is rolling out grocery delivery service for non-Prime members to the wider U.S. as it prepares to open more supermarkets next year.
November 9, 2023National Zoo’s Giant Pandas Depart for China via FedEx
A specially outfitted Boeing 777F dubbed the FedEx Panda Express transported the National Zoo’s three giant pandas to Chengdu, China, Nov. 8 and 9, with a refueling stop in Anchorage, Alaska.
November 8, 2023