China Merchants Group Ltd. is exploring taking China Merchants Port Holdings Co. private after shares of the state-owned conglomerate’s unit slid in Hong Kong this year, according to people with knowledge of the matter.
April 28, 2020Logistics 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.
China Merchants Group Explores Taking $4 Billion Port Unit Private
NCDOT Looks to Drones as Coronavirus Relief Tool
The North Carolina Department of Transportation is preparing to launch a public-private partnership that will use drones in coronavirus-related relief efforts.
April 27, 2020Virus Is Expected to Reduce Meat Selection, Raise Prices
Meat isn’t going to disappear from supermarkets because of outbreaks of the coronavirus among workers at U.S. slaughterhouses. But as the meat plants struggle to remain open, consumers could face less selection and slightly higher prices.
April 27, 2020CSX Reports Declines in First-Quarter Earnings, Revenue
CSX Corp. on April 22 announced a first-quarter earnings drop of 8% to $770 million, or $1 per share, compared with $834 million, or $1.02, in the same quarter of 2019.
April 27, 2020UPS to Fly Medications by Drone to Florida Retirement Community
UPS Inc. will use drones to fill prescriptions for residents of The Villages in Florida, one of the country’s biggest retirement communities, amid a lockdown to halt the coronavirus.
April 27, 2020Port Authorities Commit to Stay Open Amid Coronavirus Pandemic
Twenty port authorities in Asia, Europe, the Middle East and North America signed a declaration committing to stay open amid the coronavirus pandemic.
April 27, 2020Schneider Partners With Overhaul to Improve Freight Visibility and Security
Schneider National is aiming to improve freight visibility options and security by partnering with Overhaul, the company announced April 21.
April 27, 2020Canadian Pacific Reports Lower Net Income, Robust Revenue in Q1
Canadian Pacific reported reduced first-quarter earnings April 21 as the railroad’s revenue was up 15.6% to C$2.04 billion compared with $1.77 billion in the same quarter a year ago.
April 27, 2020Union Pacific Reports Strong Q1 Earnings
Union Pacific Corp. reported first-quarter earnings that outpaced Wall Street expectations, even as its quarterly revenue dipped.
April 27, 2020Meat Supply Threats Grow With First Brazil Shutdown
It’s no longer just the U.S. that’s facing a meat scare. Top exporter Brazil is seeing its first plant shutdown, meaning the coronavirus is now snarling supplies from arguably the world’s most critical producer.
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