Danish transport company DSV will start a large bond sale as soon as this year to help pay for its $15.4 billion takeover of DB Schenker ahead of an expected completion in 2025.
October 23, 2024Logistics 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.
DSV to Kick Off Bond Sale Early to Finance DB Schenker Deal
Uber Freight Ups Cross-Border Business as Nearshoring Booms
The Chicago-based logistics platform has seen significant growth, reporting a 77% year-over-year increase in cross-border business from shippers and more than 2,000 daily shipments.
October 22, 2024Lynden Transport Selected to Deliver Capitol Christmas Tree
Lynden Transport will carry the Capitol Christmas Tree from Alaska to the nation’s capital later this year.
October 22, 2024Truckload Expansion Lifts TFI International’s Q3 Results
The Montreal-based transportation and logistics company posted net income of $128 million, or $1.50 a diluted share, for the three months ending Sept. 30.
October 22, 2024Walmart Challenges Amazon With Prescription Delivery
Walmart Inc. will start delivering prescriptions to U.S. homes in as little as 30 minutes, a move that’s intended to grab a bigger slice of online spending and compete against Amazon.com Inc.
October 22, 2024Mail Carriers Reach Tentative Contract With USPS
Some 200,000 mail carriers have reached a tentative contract deal with the U.S. Postal Service that includes backdated pay raises and a promise to provide air-conditioned trucks.
October 22, 2024Norfolk Southern Tops Third-Quarter Expectations
Norfolk Southern’s streamlined operations delivered strong earnings, even excluding boosts from insurance payouts related to the derailment in East Palestine and the sale of two rail lines.
October 22, 2024EV Manufacturer Revoy Unveils Ryder as First Customer
Revoy revealed Ryder System as the first customer for the Bay Area startup’s electric vehicle, which converts a Class 8 diesel semi into a hybrid without any changes to the tractor.
October 17, 2024Ports of Indiana Announces Expansion and New Partnership
JEFFERSONVILLE, Ind. — Ports of Indiana, in partnership with Superior River Terminals Indiana, has launched “Indiana River and Rail Terminals,” the largest general cargo operation on the Ohio River.
October 17, 2024Study: Tighter Intermodal Chassis Regulation Enforcement Needed
Policy changes would be an impractical solution to making the drayage and intermodal chassis market more efficient, according to a recently published study.
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