A shareholder vote on the proposed $33.6 billion acquisition of Kansas City Southern by Canadian National Railway has been delayed until Sept. 3 to provide time for government officials to rule on whether CN can operate KCS while the deal is under federal review.
August 18, 2021Search
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Deutsche Post to Buy Logistics Firm Hillebrand for $1.8 Billion
Deutsche Post AG has agreed to acquire German logistics company Hillebrand for about 1.5 billion euros ($1.8 billion).
August 17, 2021Americans Spent Less in July as COVID-19 Cases Surged
NEW YORK — Americans cut back on their spending in July as a surge in COVID-19 cases kept people away from stores.
August 17, 2021Walmart’s Slowing E-Commerce, Margin Weigh in Q2
Walmart Inc.’s pandemic-driven gains in e-commerce slowed last quarter and profit margin fell, raising questions about the retailer’s ability to maintain momentum even after it topped Wall Street’s sales expectations.
August 17, 2021Containership Bottleneck Nears Its February Record
The biggest U.S. trade gateway with Asia is clogged with the most inbound container vessels in more than six months, threatening to extend transportation delays, bite further into margins for American importers and boost prices for consumers.
August 16, 2021GlobalTranz, Worldwide Express Chart Course After Merger
The recent merger of GlobalTranz Enterprises and Worldwide Express is still in the getting-to-know-you phase and steps are being discussed to become fully integrated, executives from both companies said.
August 13, 2021Kansas City Southern Rejects New Bid From Canadian Pacific
OMAHA, Neb. — Kansas City Southern railroad is trying to keep its $33.6 billion merger with Canadian National on track by rejecting a competing $31 billion bid from rival Canadian Pacific earlier this week.
August 13, 2021China’s Port Shutdown Raises Fears of Closures Worldwide
A COVID outbreak that has partially shut one of the world’s busiest container ports is heightening concerns that the rapid spread of the delta variant will lead to a repeat of last year’s shipping nightmares.
August 13, 2021PS Logistics Continues Acquisition Strategy With Patriot Deal
PS Logistics announced that it has purchased all substantial transportation assets of Patriot Transit and Patriot Logistics. Financial terms were not disclosed.
August 12, 2021Truckload Carriers Association Forms Search Committee to Find New President
The Truckload Carriers Association formed a search committee Aug. 10 to find a replacement for President John Lyboldt, who is retiring.
August 12, 2021