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Infrastructure Deal Closer With Biden, Senators Meeting June 24

President Joe Biden and a group of bipartisan senators are close to agreement on a $559 billion infrastructure plan that would fulfill one of his top priorities, according to lawmakers and officials familiar with the discussions.

June 24, 2021

Suez Canal, Ever Given Ship Owners Reach Compensation Deal

Egyptian officials and owners of the giant Ever Given vessel that blocked the Suez Canal earlier this year have reached a preliminary deal over compensation, according to the ship’s representatives.

June 23, 2021

China Trucking Startup Full Truck Alliance Raises $1.6 Billion in US IPO

Full Truck Alliance Co., an Uber-like trucking startup, has raised $1.6 billion after pricing its U.S. initial public offering at the top of a marketed range, in one of the biggest listings stateside by a Chinese company this year.

June 22, 2021

Amazon Might Have to Sell Logistics Business Under Bill

Amazon .com Inc. could be forced to sell its valuable logistics services division — the network of warehouses and delivery hubs around the country that power quick delivery of online orders — under antitrust legislation proposed by a congresswoman from Amazon’s hometown of Seattle, according to a spokesman for the lawmaker.

June 22, 2021

Labor, Driver Shortages Delay Commercial, Military Moves

The moving industry is facing mammoth labor and truck driver shortages during the peak military moving season and an explosion of moving demands in the commercial market, possibly delaying unscheduled summer moves until August or September, according to American Trucking Associations' Moving and Storage Conference.

June 16, 2021

NRF Seeks Meeting With Biden Over Port Congestion Issues

Congestion and delays in the supply chain continue to be a major headache for the nation’s retailers and now the National Retail Federation has asked President Joe Biden for a face-to-face meeting to discuss what can be done to improve the long delays.

June 16, 2021

Carriers, Independent Contractors Oppose California AB 5 Contractor Law

Trade organizations representing motor carriers and independent owner-operators alike say they strongly oppose a new California law that aims to reclassify large numbers of independent contractors as company employees, according to new documents filed in a recent appellate court challenge to the law.

June 16, 2021

Concerns Mount Over CN, KCS Rail Merger as Timetable Set for Regulatory Review

The Surface Transportation Board is taking public comments until June 28 on the proposed multibillion dollar merger of Class I freight rail companies Canadian National and Kansas City Southern.

June 14, 2021

Cabinet Secretaries Launch Roadshow to Sell Biden Infrastructure Plan

Marty Walsh and a handful of other Cabinet secretaries have launched an ambitious travel schedule to promote the infrastructure plan and the larger Biden agenda.

June 14, 2021

JBS Paid Hackers $11 Million After Hack Closed Plants

JBS USA said it paid $11 million in ransom to criminals responsible for the cyberattack that disrupted meat processing across North America and Australia, the latest high profile example of large corporations falling prey to extortion.

June 10, 2021