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, 2024Search
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Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.
East and Gulf Coast Ports Prepare to Close
Key industry and government officials are urging U.S. dockworkers and their employers to avoid a strike at East and Gulf Coast ports, though many facilities are bracing for a shutdown.
September 30, 2024Cargo Carriers Fear Port Strike Will Paralyze Half of Trade
The worlds top container carrier is urging customers to move U.S. cargo through East and Gulf Coast ports before the planned start on Oct. 1 of a dockworkers strike.
September 27, 2024Online Holiday Spending Projected to Rise 8.4%
Steep discounts and easing inflation will compel U.S. shoppers to spend $240.8 billion online in November and December, up 8.4% from last years holidays and the biggest increase since 2021.
September 25, 2024Maersk Adds Port Disruption Surcharge as Strike Looms
AP Moller-Maersk added a local port disruption surcharge for all cargo moving to and from the East Coast and Gulf Coast terminals, to cover higher costs from potential labor disruptions.
September 24, 2024DHL Lays Out Plan to Boost Revenue 50% by 2030
DHL Group, the trading name of Deutsche Post AG, unveiled a new strategy aimed at increasing revenue by 50% by 2030 through various growth initiatives.
September 23, 2024FedEx Cuts Forecast After Tough Quarter for Deliveries
FedEx Corp. cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.
September 19, 2024Amazon Launches AI Assistant to Help Online Merchants
Amazon.com Inc. is launching an artificially intelligent assistant designed to help online merchants manage their businesses.
September 19, 2024CVC Willing to Bump DB Schenker Bid After Losing to DSV
CVC Capital Partners signaled its willing to increase its 14 billion-euro ($15.6 billion) offer for Deutsche Bahn AGs logistics unit after losing the bidding to Danish company DSV A/S.
September 18, 2024Amazon Boosts Warehouse Worker Pay by at Least $1.50 an Hour
Amazon.com Inc. is raising the pay of its hourly warehouse workers by at least $1.50 an hour and tacking on Prime memberships to their benefits package.
September 18, 2024