Logistics

Kuehne + Nagel (OTCMKTS: KHNGY), the second-largest logistics provider in the world, on Tuesday said a huge surge in air and ocean shipments propelled earnings to new highs in the second quarter. The company generated 605 million Swiss francs (CHF) ($623 million) in pre-tax income, more than...

The FreightWaves Shipper of Choice award is presented in partnership with ArcBest and recognizes retailers, distributors and manufacturers that are keeping the U.S. economy moving by improving efficiency along the supply chain, providing accessible facilities and fighting driver detention. Among...

Just three months after its global launch, last-mile grocery and retail delivery platform JOKR has raised $170 million in a Series A investment round led by GGV Capital, Balderton Capital and Tiger Global Management. The round was joined by Activant Capital, Greycroft, Fabrice Grinda's FJ Labs, as...

Last week, the U.S. Commerce Department shocked analysts when it announced overall retail sales rose 0.6% in June, rebounding from a downwardly revised 1.7% drop in May. Excluding auto sales – which are still being hampered by global semiconductor shortages – retail sales climbed 1.3%. The...

EDRAY, a drayage platform, is looking to revolutionize the way technology executes port logistics.   The company announced Tuesday it is looking to accelerate its growth and expand its suite of drayage solutions with a recent $7 million investment from logistics entrepreneur and investor Andrew...

It's Japanese beetle season and UPS Airlines is in full battle mode to prevent the destructive pest from hopping on a plane for a ride out West.  Japanese beetles, which were accidentally introduced to the U.S. more than a century ago, cause massive crop and plant damage each year. They feed on...

Management from logistics real estate investment trust Prologis Inc. (NYSE: PLD) on Monday raised the company's 2021 rent growth forecast by 40 basis points to 10.3% in the U.S and by 300 bps to 8% globally. Rents in the U.S. were up nearly 7% in the first half of the year, which was a record. "...

A Boeing 787 Dreamliner being operated by British Airways for a dedicated cargo-only flight to Frankfurt, Germany, fell on its chin last week during preflight maintenance when a procedural mistake caused the nose landing gear to collapse at Heathrow London Airport. Two persons were slightly injured...

Today's shippers have found themselves grappling with a variety of secular tailwinds, namely e-commerce growth, automation and outsourcing. While each of these factors existed before the coronavirus pandemic rocked the logistics industry last year, the impact of a global pandemic has...

Prologis Inc. (NYSE: PLD) reported Monday that logistics real estate markets tightened further during the second quarter. The San Francisco-based logistics real estate investment trust posted core funds from operations (FFO) of $1.01 per share in the quarter before the market open, 2 cents per...

The U.S. Department of Transportation has granted temporary approval to small cargo airlines in South Florida to fly emergency aid to Cuba, where large protests have erupted in recent days in response to a long-simmering economic crisis worsened by the COVID pandemic. The department said IBC...

FedEx Express, the air and international unit of FedEx Corp. (NYSE: FDX), said Friday that it has made a $100 million equity investment in Indian transport and logistics firm Delhivery, and that the FedEx unit's Indian operation will operate an integrated air-ground service with Delhivery in the...

The underlying technologies that are fueling the urban air mobility (UAM) sector are still in their infancy in many cases, but they will be the base upon which the future movement of people and goods depend. The ability of UAM providers to safely operate is also dependent on aircraft navigation...

This week's DHL Supply Chain Pricing Power Index: 70 (Carriers) Last week's DHL Supply Chain Pricing Power Index: 75 (Carriers)  Three-month DHL Supply Chain Pricing Power Index Outlook: 75 (Carriers) The DHL Supply Chain Pricing Power Index uses the analytics and data in FreightWaves SONAR to...

The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight the fallout from K-Ratio's closing of its fuel hedging program, Uber Freight's expansion into the LTL space and more. The High Five 1. The abrupt closure of K-Ratio's fuel hedging program...