AutoStore is weighing an initial public offering that could value the Norwegian warehouse robotics company at more than $10 billion, according to people familiar with the matter.
June 29, 2021Search
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Alphabet Jumps Into Drone Air-Traffic Control With Flight App
Alphabet Inc.’s drone-delivery venture, Wing, is releasing free software for U.S. drone users to get permission to fly near sensitive areas such as airports.
June 29, 2021Ports on Both Coasts Continue Record-Setting Levels in May
The nation’s ports remained very busy in May, as high shipment volume continued to flow through facilities on both the Pacific and Atlantic coasts at a record-setting pace.
June 28, 2021Schumer, Buttigieg Vow to Advance NYC Gateway Tunnel
Senate Majority Leader Chuck Schumer and Transportation Secretary Pete Buttigieg vowed to advance a long-delayed rail tunnel connecting New York and New Jersey using money expected to be appropriated this year.
June 28, 2021Sutton Transport Acquires E F Express
Sutton Transport Inc. announced June 24 that it has entered into an agreement to purchase E F Express.
June 28, 2021Here’s Why You Should Christmas Shop Early
If it seems like shipping delays and soaring delivery costs aren’t getting any better, it’s because by some metrics they’re both getting worse.
June 28, 2021Mullen Group Completes Acquisition of Two Companies
Mullen Group has closed acquisitions on two transportation businesses, the Okotoks, Alberta, company announced June 24.
June 25, 2021Labor, Food Shortages in Supply Chain Take Toll on Restaurants
For many restaurateurs across Connecticut, daily deliveries of food have become inconsistent, later than usual and sometimes canceled at the last minute. Part of the problem is a shortage of staff at food purveyors and trucking companies.
June 25, 2021FedEx Tops $20 Billion in Revenue for Third Straight Quarter
FedEx Corp. reported a surge in bottom-line results for its fiscal fourth quarter as e-commerce continued to fuel demand for the company’s services.
June 24, 2021Logistics Sector Altered but Resilient, CSCMP Reports
The logistics sector continues to demonstrate the perseverance that carried it through the toughest days of the economic downturn that accompanied the coronavirus pandemic, the Council of Supply Chain Management Professionals said in a recent report.
June 24, 2021