DSV Secures Exclusive Logistics Contract for Saudi Arabia's NEOM Project
DSV, a logistics company, has secured an exclusive contract to provide logistics services for NEOM, a large development project in Saudi Arabia, encompassing cities, ports, research centers, and more.
Ryder's Acquisition of Impact Fulfillment Services Strengthens Supply Chain Capabilities
Ryder System Inc. is set to acquire Impact Fulfillment Services Holdings LLC (IFS), a company specializing in contract packaging, manufacturing, and warehousing services with a presence in 15 states.
Chevron Acquires Hess in $53 Billion Deal, Gaining Access to Guyana's Oil Reserves
Chevron has agreed to purchase U.S. oil and gas producer Hess in an all-stock deal valued at $53 billion.
FTC Chair Lina Khan Defends Amazon Antitrust Lawsuit, Citing Competition Protection
FTC Chair Lina Khan defended the agency's antitrust lawsuit against Amazon, emphasizing that it aims to protect free and fair competition rather than punish success.
Waabi and Uber Freight Launch Autonomous Trucking Pilot Route from Dallas to Houston
Uber Freight and Waabi have launched a commercial autonomous trucking pilot route in Texas, with plans to offer billions of miles in autonomous hauls with carrier partners over the next decade.
Chick-fil-A Expands Supply Chain Reach with New North Carolina Distribution Center
Chick-fil-A Supply, the distribution arm of Chick-fil-A Inc., is set to establish a new 120,000-square-foot distribution center in Kannapolis, North Carolina.
Estes Selected as Stalking Horse Bidder for Yellow's Terminal Assets
Estes has been officially approved as the real estate stalking horse bidder for Yellow's terminals, setting the minimum valuation for these assets in the bankruptcy proceedings.
Lotte Global Logistics and CoEvolution Forge Strategic Automation Partnership
South Korea's Lotte Global Logistics has entered into a strategic partnership with CoEvolution, a Chinese specialist in automated control platforms.
Class I Railroads in North America Seek to Enhance Service Quality to Counter Trucking Competition
Leaders of Class I freight railroads in North America have emphasized the importance of improving service quality to compete with the trucking industry and address the decline in intermodal market share.
California's San Joaquin Valley to Port of Los Angeles Rail Service Set for 2028 Launch
A rail service connecting California's San Joaquin Valley to the Port of Los Angeles is expected to commence operations in 2028.
Bed Bath & Beyond Files $7.7 Million Complaint Against Yang Ming for Alleged Pandemic Exploitation
Bed Bath & Beyond (BBB) has filed a complaint with the Federal Maritime Commission (FMC) accusing Taiwan-based container line Yang Ming of unfairly exploiting its customers during the COVID-19 pandemic.
Tesla and Hilton Partner to Install 20,000 EV Charging Stations at 2,000 Properties Across North America
Tesla and Hilton have announced plans to install 20,000 electric vehicle (EV) charging stations at 2,000 Hilton properties across the U.S., Mexico, and Canada starting next year.
Major Truck Manufacturers Launch $2-3 Billion Battery Cell Venture for Electric Vehicles
Three major truck and engine manufacturers, including Accelera by Cummins, Daimler Trucks & Buses US Holding LLC, and Paccar, have initiated a joint venture worth an estimated $2 to $3 billion to produce battery cells in the United States.
Zara's Billionaire Owner Dives into California Real Estate Market as Landlord for Walmart
Zara's billionaire founder, Amancio Ortega, is further expanding his logistics network in the U.S. with the acquisition of a logistics center in Inland Empire, California, for $109 million.
Shippers Expected to Gain Advantage in Winter Air Cargo Contract Negotiations
As winter approaches, shippers are expected to have the advantage in air freight rate negotiations due to declining demand and spot rates in the air cargo industry.
AeroCision Seeks to Pay Suppliers $5 Million Amid Bankruptcy
AeroCision, an aerospace supplier, has received interim court approval to pay critical vendors up to $5 million, including recent shipments made before filing for Chapter 11 bankruptcy.
Overstock's Bed Bath & Beyond Rebrand Attracts New Suppliers
Overstock's acquisition of Bed Bath & Beyond's intellectual property in a bankruptcy auction for over $20 million in June has proven to be a boon for the company.
CJ Logistics Partners with World's 7th Largest Shipping Company, ONE
CJ Logistics, South Korea's largest parcel delivery service, has entered into a strategic partnership with Japan's Ocean Network Express (ONE), a global container shipping company.
Schneider, the Green Bay Trucking Giant, Expands with the Acquisition of a Massachusetts-Based Dedicated Hauler
Green Bay's trucking giant, Schneider National Inc., has acquired Massachusetts-based M&M Transport Services LLC in a move to expand its dedicated division.
TFI Experiencing Surge in Shipments Following Yellow's Closure
TFI International's U.S. less-than-truckload operation, TForce Freight, experienced a significant increase in daily shipments, around 3,000, following the announcement of rival Yellow Corp.'s closure.