The most popular toys for kids this holiday season, from nostalgic favorites to cheap items popularized by TikTok, may sell out much sooner as a result of global supply-chain hangups.
September 22, 2021Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Pacific, Atlantic Ports Report Strong Growth in August Amid Tight Supply Chains
As volumes continue to surge at the nation’s ports on the coasts of the Pacific, Atlantic and Gulf of Mexico, two of the nation’s biggest facilities — Los Angeles and Long Beach — are taking the first steps to expand their hours of operations to 24/7 to keep up with the backlog of freight.
September 22, 2021Workhorse Shares Sink After It Halts Electric Van Deliveries
Workhorse Group Inc. shares plunged Sept. 22 to their lowest since May after the embattled electric vehicle maker said it will suspend deliveries of its vans and recall units it has already delivered.
September 22, 2021FedEx Revenue Rises, but Higher Labor Costs Affect Bottom Line
FedEx Corp. reported an increase in revenue for its fiscal first quarter, but said rising costs affected bottom-line results for the period.
September 21, 2021August Truck Tonnage Posts First Monthly Gain Since March
Truck tonnage in August notched its first sequential monthly gain in five months, and dipped just slightly on a year-over-year basis, American Trucking Associations said.
September 21, 2021Maersk Is Heading for Biggest Profit in Danish History
A.P. Moller-Maersk A/S is heading for a full-year profit that will match its combined results from the past nine years and make business history in its home country, Denmark.
September 21, 2021FedEx Sets Rate Increase, Cites Challenging Operating Environment
FedEx Corp. plans to raise its delivery rates in 2022 by the most in at least a decade as the courier shoulders rising costs in what it called a “challenging operating environment.â€
September 21, 2021Biggest US Port Complex to Work Nights, Weekends to Cut Logjam
Ports operating in the U.S.’s biggest gateway for trade with Asia will extend night hours and work weekends to clear port delays amid record volumes.
September 17, 2021Union Pacific CEO Sees Strong Economy Coming Out of Pandemic
Union Pacific CEO Lance Fritz is working to help clear up a major backlog in imported shipments.
September 17, 2021CN Rail Targets Cost Cuts, Share Buybacks to Fend Off Shareholder Revolt
Canadian National Railway Co. said it plans to cut spending, streamline management and buy back C$5 billion (about $4 billion) of stock next year as its tries to ward off a shareholder revolt started by TCI Fund Management Ltd.
September 17, 2021