Canadian Pacific Railway Ltd. is tapping the U.S. investment-grade bond market to help fund its acquisition of Kansas City Southern.
November 17, 2021Logistics News
For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
Canadian Pacific Railway Starts Bond Sale for KC Southern Deal
ºÚÁϳԹÏÍø Depot Sales Gain Shows Americans Keep Fixing Up Houses
ºÚÁϳԹÏÍø Depot Inc. posted stronger-than-expected results in the third quarter, a sign that increased North American spending on home improvement continues to stretch through the pandemic.
November 16, 2021Amazon Brand Owner Heyday Raises $555 Million in Funding Round
Heyday, a platform that buys and builds consumer brands that sell on Amazon .com Inc., raised $555 million in a funding round led by Raine Group and Indian tycoon Azim Premji’s investment firm.
November 16, 2021Container Shipping Rates May Take Two Years to Fall to Normal
Ocean freight rates, which have pummeled retailers and manufacturers throughout 2021, may take more than two years to return to normal levels if past market cycles are any guide.
November 16, 2021L.A., Long Beach Delay Container Fees as Shippers Clear Stacks
The country's largest ports of Los Angeles and Long Beach will postpone the start of a fee on ocean carriers that fail to clear containers off the docks, which was set to begin Nov 15.
November 15, 2021USDOT Targets Georgia for Supply Chain Assistance
The Biden administration task force on supply chains recently paved the way for the Georgia Port Authority to be able to reallocate more than $8 million for inland facilities in the state, as well as North Carolina.
November 15, 2021Biden Signs $1 Trillion Infrastructure Bill
President Joe Biden signed his $1 trillion infrastructure deal into law Nov. 15 on the White House lawn, with a smattering of Republican lawmakers on hand for what could be one of the last shows of bipartisanship ahead of the 2022 midterm elections.
November 15, 2021Uber Freight Completes Acquisition of Transplace
Uber Freight announced Nov. 15 that it has completed its acquisition of the managed transportation and logistics network company Transplace from TPG Capital.
November 15, 2021J.B. Hunt Execs Say Mandate Issues Extend Beyond Drivers
The question of how a federal vaccine mandate might affect transportation workers other than truck drivers must be considered amid broader discussion of the proposal, an industry executive said at a recent event.
November 12, 2021Ports and Airports Continue Climb Back to Normalcy
With a year plagued by severe weather and coronavirus recovery, ports and airports across North America are clamoring to stay ahead of the cargo backlogs and shipments.
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