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GlobalTranz Buys California Brokerage, Logistics Company Our Freight Guy

GlobalTranz Enterprises Inc., a third-party logistics service provider, has acquired California-based freight brokerage and logistics company Our Freight Guy.

January 29, 2019

As China Reduces Pollution, Value of Vessels Transporting LNG Increases

The world’s biggest shipbuilder sees China’s cleanup of its smoggy skies lifting prices of the vessels this year.

January 29, 2019

FedEx Introduces Way for Retailers to Outrace Amazon in Delivery

FedEx Corp., looking beyond Amazon.com Inc. for growth in e-commerce, is introducing a new late-night shipping option for retailers who want to speedily send orders directly to online customers.

January 29, 2019

Knight-Swift Transportation Holdings Reports Profit Gains in 4Q

Knight-Swift Transportation Holdings reported higher profits and revenue in the fourth quarter of 2018 with improvement noted across all of its business units.

January 29, 2019

Ceva Logistics Board Rejects Stock Buyout Bid by CMA CGM

Ceva Logistics’ board of directors has recommended that shareholders reject a tender offer from CMA CGM to buy all of the publicly held shares of stock in the Swiss company, saying the price of 30 Swiss francs per share is too low.

January 29, 2019

Forever Stamp Price Increase to 55 Cents Takes Effect

The cost of a Forever stamp jumped 10% this weekend — from 50 cents to 55 cents — as the U.S. Postal Service continues to struggle financially.

January 28, 2019

Union Pacific Reports Strong 4Q Results, but Hints of Job Cuts

Union Pacific Corp. reported record 2018 fourth-quarter income of $1.55 billion, or $2.13 a share, on Jan. 24.

January 25, 2019

Google’s Bid to Battle Amazon Suffers Blow As Walmart Withdraws

Walmart Inc. has quietly withdrawn from one of Google’s marquee efforts to challenge Amazon.com in e-commerce.

January 25, 2019

US Crude Production to Beat EIA’s Outlook by 23 Years

A year ago, the U.S. government envisioned American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year.

January 25, 2019