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Consumers Switch to Slower Shipping, Squeezing UPS, FedEx

More people are switching to slower delivery options to save money, and profits at FedEx Corp. and UPS Inc. are getting squeezed.

October 17, 2024

Amazon, Google Make Dueling Nuclear Investments

Amazon on Oct. 16 said it was investing in small nuclear reactors, coming just two days after a similar announcement by Google, as both tech giants seek new sources of carbon-free electricity.

October 16, 2024

Amazon Unveils AI Tool to Help Drivers Find Packages Faster

Amazon.com Inc. unveiled a new artificial intelligence tool designed to help drivers locate packages in cluttered vans.

October 9, 2024

Maersk, Hapag-Lloyd Expect Red Sea to Be Unsafe Into 2025

A.P. Moller Maersk and Hapag-Lloyd plan to begin their partnership sailing south of Africa, indicating they expect the Red Sea to remain unsafe well into 2025.

October 9, 2024

Maersk Expects IMO to Approve Global CO2 Levy in 2025

Shipping giant A.P. Moller-Maersk A/S expects the industrys global regulator next year to approve a charge on vessels greenhouse gas emissions.

October 4, 2024

Global Shipping Stocks Sink After Dockworkers Pause Strike

Shipping stocks slumped worldwide after a strike by U.S. dockworkers was suspended after only three days, spurring predictions of a decline in the price of transporting goods by sea.

October 4, 2024

DSV Starts $5.5 Billion Share Sale for DB Schenker Takeover

DSV received commitments from investors for more than half of a $5.5 billion sale of new shares as the Danish freight-forwarding company finances its takeover of DB Schenker.

October 3, 2024

Deutsche Bahn Approves Logistics Unit Sale to DSV

DSV won approval to buy Deutsche Bahns logistics unit for $15.8 billion, overcoming resistance from German labor unions and late attempts by a rival bidder to derail the deal.

October 3, 2024

DB Schenker Sale Faces Decisive Vote

Deutsche Bahn AGs planned 4.3 billion-euro ($15.8 billion) sale of its logistics arm is facing a decisive vote Oct. 2.

October 2, 2024

CVCs Last-Attempt DB Schenker Bids Called Inferior

Deutsche Bahn said bids submitted by private equity fund CVC Capital Partners remain inferior to the winners offer, the latest twist in the $16 billion battle for its logistics unit.

September 30, 2024