Freight

Nervous online shoppers can relax. Parcel Santa is almost guaranteed to be on time for Christmas. That's the view of consultancy ShipMatrix, which on Thursday posted its last weekly on-time delivery report card before Christmas Day for FedEx Corp., (NYSE: FDX), UPS Inc. (NYSE: UPS), and the U.S....

Deal flow was heavy in the trucking industry during 2021. Most players in the space have seen multiple quarters of record earnings and cash flows. Whether it was looking for a place to put newfound cash to work, adding drivers and equipment in a capacity-constrained market or bolting on a new model...

Modern Shipper launched in February with a mission of highlighting the ever-growing last mile of the supply chain. Throughout the year, we learned a lot, and our readers helped inform us of plenty more. Looking back on the year that was, there were plenty of stories that resonated with our readers...

Ocean shipping hit myriad all-time highs in 2021, and just days before the new year, there's no sign yet of a return to pre-COVID normalcy. Following are charts covering both container shipping and bulk commodity shipping that highlight how unusual this year has been: Shipping Stocks Shipping...

Omicron sweeps across the nation — 73% of United States COVID-19 cases. Omicron has raced ahead of other variants and is now the dominant version of the coronavirus in the U.S., federal health officials said Monday. Coronavirus is disrupting the Christmas holiday — As people start to travel for...

In a transformational move for the company, GLP Pte. Ltd., the global real estate logistics provider, and investment manager, reportedly is on track to go public in the U.S.  A source familiar with the matter told The Wall Street Journal that the company is planning an IPO for its investment...

When comparing the economic and environmental benefits of reducing empty miles in a transportation network versus waiting for electrification and alternative fuel vehicles to penetrate the market, Aaron Terrazas, the director of economic development at Convoy, discovered the huge immediate impact...

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All year long, parcel shippers were advised to diversify their carrier bases in order to reduce their reliance on FedEx Corp. and UPS Inc. Heeding that call, however, was easier said than done. It will likely be just as challenging next year. The parcel-delivery world of 2022 will look very much...

From surging demand to constrained capacity, shippers have faced serious headwinds the past couple of years. Rates have skyrocketed, shortages have plagued almost every sector and consumer demands have strengthened. On top of all that, LTL shippers have faced new carrier limits, adding more...

U.S. utilities are facing record low coal stockpiles ahead of winter, and congestion on the rails as well as the uncertainty of the vaccine mandate are only adding to the stress. "Coal shippers are concerned about the full range of factors affecting the rail supply chain at this point, including...

A.P. Moller – Maersk announced Wednesday it has reached an agreement to acquire LF Logistics, a Hong Kong-based contract logistics company, specializing in omnichannel fulfillment services, e-commerce, and inland distribution in the Asia-Pacific region, for an enterprise value of $3.6 billion. LF...

Learn more at SONAR.FreightWaves.com The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content...

Freight procurement platform Emerge on Tuesday announced it is partnering with EDRAY to offer its global shipping customers access to drayage solutions. EDRAY received a $7 million investment in July from Emerge founder and CEO Andrew Leto, who was attracted to the company's unique way of...

Freight marketplace Onward Delivery announced earlier this month that it has closed on an oversubscribed $4.7 million seed round led by Range Ventures and Matchstick Ventures as the company works to automate final-mile delivery for bulky retail items by leveraging its box truck network. ...