One of the world’s biggest shipping lines has decided to stop increasing spot freight rates on routes out of Asia to Europe and the U.S. as it sees an end to the rally that has put prices at record highs.
September 14, 2021Search
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Kroger, Instacart Target 30-Minute Grocery Delivery
Kroger Co. and Instacart unveiled a new home-delivery service in which the companies will drop off food and household staples in as little as 30 minutes.
September 14, 2021Storms From Texas to China Set to Worsen Global Ship Snarls
Global supply chains already tangled by the pandemic, labor shortages and sustained consumer demand in the U.S. are getting walloped by another disruptive force: Mother Nature.
September 14, 2021IANA 2021: Massive Imbalances Plague Intermodal Industry
LONG BEACH, Calif. — Global trade patterns distorted by the COVID-19 pandemic have thrown the intermodal shipping industry out of whack, creating massive imbalances in shipping containers, intermodal chassis and drayage drivers.
September 14, 2021TCI Opens Proxy Fight With CN to Oust CEO Ruest
One of Canadian National Railway Co.’s largest shareholders formally started a proxy fight to replace the company’s leader and some board members, arguing that their failed attempt to buy Kansas City Southern for $30 billion demonstrated “flawed decision making.â€
September 13, 2021The World’s Shippers Are Earning the Most Money Since 2008
The global shipping industry is getting its biggest payday since 2008 as the combination of booming demand for goods and a global supply chain that’s collapsing under the weight of COVID-19 drives freight prices ever higher.
September 13, 2021Aluminum Industry Frets That Supply Snarls Have Just Begun
Supply chain snags that have roiled commodity markets and helped push aluminum prices to a 13-year high this week are unlikely to ease any time soon.
September 13, 2021Kansas City Southern Picks Canadian Pacific Bid
Just hours before the expiration of a Sept. 12 deadline, Kansas City Southern accepted a $31 billion merger proposal from Canadian Pacific Railway.
September 12, 2021UPS to Acquire Same-Day Delivery Startup Roadie
UPS Inc. agreed to acquire Roadie, a same-day delivery startup, looking to speed service and expand into atypical parcels such as oversized packages and perishable goods.
September 10, 2021NYC Sued Over Cap on Delivery Fees
DoorDash, Grubhub and Uber Eats sued New York City over its newly entrenched cap on the amount meal-delivery services can collect from restaurants.
September 10, 2021