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UPS Will Make Dry Ice, Offer Freezers for Vaccine Distribution

UPS Inc. has set up its own dry ice production and will provide portable, super-cold freezers to its health care customers as the courier prepares for the massive rollout of COVID-19 vaccines.

November 24, 2020

SoftBank-Led Round Values Uber-Like Truck Startup at $12 Billion

Full Truck Alliance has raised $1.7 billion from investors including SoftBank Group Corp. and Tencent Holdings Ltd., a major cash infusion for the Uber-like trucking startup ahead of a potential initial public offering.

November 24, 2020

ATA Truck Tonnage Index Declines 8.7% in October

Truck tonnage in October declined a seasonally adjusted 8.7% when compared with year-ago levels, American Trucking Associations said Nov. 24.

November 24, 2020

Economic Outlook Bright for Holidays

Goods are pouring into ports, being delivered by trucks to warehouses and e-commerce locations, and retailers are restocking their shelves as the holiday shopping season gets into full swing. It’s also a major reason why trucking continues to outperform the overall U.S. economy.

November 24, 2020

XPO’s Europe Unit Sale Said to Slow as Blackstone Drops Out

XPO Logistics Inc.’s sale of its European supply chain business has slowed after a key bidder dropped out of the process, people with knowledge of the matter said.

November 23, 2020

N.J. Leaders Announce Infrastructure Projects to Aid Regional Port Operations

New Jersey officials recently announced a series of infrastructure projects meant to support operations for port facilities and the vehicles that serve them.

November 23, 2020

C.H. Robinson Warns US Companies Could Miss Tariff Refunds

Minnesota transportation and logistics company C.H. Robinson says it has identified almost $1 billion in potential refunds of tariffs its American clients paid on Chinese imports.

November 23, 2020

Boatloads of Cargo Off Los Angeles Grind Gears of World Economy

A flotilla of almost a dozen cargo vessels sits anchored just south of Los Angeles this weekend, waiting for berth space. Around the twin ports of L.A. and Long Beach, shipping containers already are stacked five and six high — the maximum the fire department will allow.

November 23, 2020

Biden Unlikely to Quickly Unwind China Tariffs, Democrat Ally Says

President-elect Joe Biden isn’t likely to quickly unwind the tariffs President Donald Trump has imposed on Chinese imports, said Delaware Senator Chris Coons, a close ally of the incoming leader.

November 20, 2020