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Maersk Drops Out of Bidding for Logistics Giant DB Schenker

A.P. Moller-Maersk A/S withdrew its bid for DB Schenker, the logistics unit of Deutsche Bahn AG that has been reported to be valued at more than $16.1 billion.

July 1, 2024

Salem Carriers to Use Pair of eCascadias in Carolinas

Salem Carriers is to begin using two Freightliner eCascadias to service some of Daimler Truck North America’s inbound logistics needs in the Carolinas, the companies said June 25.

June 28, 2024

Largest US Ports Report Volume Declines For May

U.S. ports posted a mixed bag of results for May, with certain facilities seeing volume gains while some of the nation’s largest saw container traffic decline.

June 27, 2024

Amazon Plans Discount Web Store to Counter Upstarts

Amazon.com Inc. plans to launch an online storefront for low-priced apparel and home goods, the company’s biggest move to date to counter the rise of discount upstarts like Temu and Shein.

June 26, 2024

NTSB Chair Says Norfolk Southern Botched Vent-and-Burn Call

EAST PALESTINE, Ohio — The head of the National Transportation Safety Board said Norfolk Southern tried to interfere with the agency’s investigation into the East Palestine derailment.

June 26, 2024

Industries Fearing a Port Strike Urge Biden to Revive Talks

Dozens of U.S. industry associations urged the White House to help restart talks between East and Gulf coast dockworkers and port operators, saying a strike is the last thing the economy needs.

June 26, 2024

FedEx’s Strong Profit Forecast Drives Stock Surge

FedEx Corp. forecast profit above Wall Street’s expectations and said it would buy back $2.5 billion of its stock over the next year.

June 26, 2024

What's That? Bill of Lading (BOL)

From a high level, a bill of lading is a required document to move a freight shipment. The bill of lading is legally binding and provides the driver and the carrier with all the details needed to process and invoice the freight shipment correctly.

June 25, 2024

Texas Logistics Company Ceases Operations

Humble, Texas-based U.S. Logistics Solutions told 2,000 employees that the company was ceasing operations and they would not receive paychecks.

June 25, 2024