Egyptian officials and owners of the giant Ever Given vessel that blocked the Suez Canal earlier this year have reached a preliminary deal over compensation, according to the ship’s representatives.
June 23, 2021Search
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Does Your Business Belong on Our List of Top 100 Private Carriers?
Think your company deserves a spot on our prestigious 2021Â Private Carriers rankings? Or perhaps on one of our sector lists?
July 6, 2021China Trucking Startup Full Truck Alliance Raises $1.6 Billion in US IPO
Full Truck Alliance Co., an Uber-like trucking startup, has raised $1.6 billion after pricing its U.S. initial public offering at the top of a marketed range, in one of the biggest listings stateside by a Chinese company this year.
June 22, 2021Amazon Might Have to Sell Logistics Business Under Bill
Amazon .com Inc. could be forced to sell its valuable logistics services division — the network of warehouses and delivery hubs around the country that power quick delivery of online orders — under antitrust legislation proposed by a congresswoman from Amazon’s hometown of Seattle, according to a spokesman for the lawmaker.
June 22, 2021Lineage Logistics to Acquire Cold Storage Operation in Denmark
Lineage Logistics, a global temperature-controlled industrial real estate investment trust (REIT) and logistics provider, announced its intention to acquire the cold storage division of Danish company Claus Sorensen Group.
June 21, 2021FedEx to Test Nuro Autonomous Delivery Vehicles
STATEN ISLAND, N.Y. — FedEx Corp. announced June 15 that it has partnered with Nuro, one of the nation’s leading autonomous vehicle companies, to test the use of driverless vehicles for multistop and appointment-based deliveries in Houston.
June 18, 2021XPO Announces GXO’s $800 Million Notes Offering
XPO Logistics' upcoming spinoff, GXO Logistics, has priced an offering of $800 million on investments notes with registration rights, the company announced June 17.
June 18, 2021Transportation Companies Prepare for Hurricane Season
Summer means the start of hurricane season in the Atlantic Ocean and many of the world’s biggest transportation companies are taking steps to prepare for what some forecasters say could once again be above-average activity along the Atlantic Coast and the Gulf of Mexico.
June 17, 2021Electric Plane Pioneer Pivots to Cargo Drones
The man behind the only electric plane cleared to fly quickly discovered the challenges of converting world-leading technology into profits in a hotly contested, futuristic segment of aviation.
June 17, 2021Labor, Driver Shortages Delay Commercial, Military Moves
The moving industry is facing mammoth labor and truck driver shortages during the peak military moving season and an explosion of moving demands in the commercial market, possibly delaying unscheduled summer moves until August or September, according to American Trucking Associations' Moving and Storage Conference.
June 16, 2021