French logistics company Geodis said Tuesday that it has acquired freight broker Velocity Freight Transport Inc. from McLane Co. Inc., a unit of conglomerate Berkshire Hathaway Inc (NYSE: BRK.A, BRK.B) Terms of the transaction, which closed June 30, were not…
E-commerce is the leader in shopping behavior now, thanks in part to technology advances and the COVID-19 pandemic. As companies grow their e-comm strategies, they need more people filling back-office roles like customer support to ensure consumers are getting the…
The monthly Logistics Managers’ Index (LMI), which tracks U.S. transport, warehousing and inventory activity, posted the second-highest reading ever last month, as the nation’s supply chains continued to strain under the trinity of surging demand, tight supply and logistics networks…
Retailers have never had this much on their plates. In the era of ever-changing and evolving technology, there are more opportunities to engage customers than ever before, but the constraints of time and money make it nearly impossible for retailers…
All the experts said spot ocean rates would pull back in the second half. The second half has now begun. Not only are spot rates not falling, they’re still rising. Much higher H2 spot rates than expected, combined with double-digit…
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On June 26, 1956, the U.S. Senate and U.S. House of Representatives approved a conference report on the Federal-Aid Highway Act (also known as the National Interstate and Defense Highways Act). Three days later (June 29, 1956), President Dwight D.…
Nowports, a Mexico-based digital freight forwarder, announced it has raised $16 million in Series A funding. The capital will allow Nowports to continue digitizing supply chain services from Asia and the United States to ports across Latin America, company officials…
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Stock in newly public Didi Global (NYSE: DIDI) came crashing down Tuesday morning following a ban on its app by China amid continuing questions about the company’s business practices. Didi stock was down more than 25% in premarket trading Tuesday…
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