Logistics

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Drivers and fleet owners who don't understand all the nuances of how the retail price of diesel is set should think of it as a stacked bar chart. At the base is the price of crude. That will always be the biggest factor because except for renewable supplies of diesel, the fuel comes from crude....

Canadian railway CN (NYSE: CNI) has offered to acquire Kansas City Southern (NYSE: KSU) in a cash-and-stock transaction worth $33.7 billion, or $325 per share. CN rival Canadian Pacific (NYSE: CP) last month announced plans to acquire Kansas City Southern (KCS) for $29 billion.  CN said Tuesday...

The pandemic has accelerated a major shift to digitization for trucking fleets and industrial operations.  That's one of the takeaways from a new report released Tuesday by Samsara that takes an in-depth look at how the explosion of digital connectivity, cloud computing, advances in camera...

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Canadian trucking and logistics giant Mullen Group (TSX:MTL) has acquired British Columbia-based Bandstra Group of Companies in a deal that adds a trucking operation and — intriguingly — a Volvo and Mack truck dealership with three locations.  The acquisition, announced late Friday, adds the 180-...

As many as 57 employees could be laid off by mid-June at a Union Pacific (NYSE: UNP) maintenance facility in Palestine, Texas. Union Pacific (UP) confirmed that it recently told employees that it would be closing the main car repair facility in Palestine as part of its broader effort to make...

Hyzon Motors, the SPAC-backed spinoff of Singapore's Horizon Fuel Cell Technologies, has begun production of fuel cell trucks in Europe. It expects to deliver the first of 15 zero-emission units to a city in the Netherlands in Q3. The Groningen municipality orders are being fulfilled through a...

Prologis Inc. (NYSE: PLD) reported core funds from operations of 97 cents per share Monday, 3 cents ahead of the consensus estimate and 14 cents better than the year-ago quarter. The San Francisco-based logistics real estate investment trust said occupancy was steady in the quarter at 95.4% with...

Amazon.com, Inc. (NASDAQ: AMZN) has ordered more than 700 delivery trucks that run on compressed natural gas, as it tries to reduce its carbon footprint, Reuters has reported. What Happened: A joint venture between Cummins Inc. (NYSE: CMI) and Westport Fuel Systems Inc (NASDAQ: WPRT) will...

Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. We surveyed a group of over 500 investors on whether shares of Jumia Technologies AG - ADR (NASDAQ: JMIA) will reach...

The surge in online shopping during the pandemic could put pressure on delivery companies like FedEx Corporation (NYSE: FDX) and United Parcel Service Inc (NYSE: UPS). This demand has led to UPS putting limits on the number of packages delivered from certain customers. What Happened: The Wall...

COVID-19 vaccines could create logistics problems due to the requirement to store them at frozen temperatures, which could create an opportunity for a company like UPS. What Happened: A Tuesday press release from United Parcel Service (NYSE: UPS) showed the company’s focus on vaccine...

Jumia Technologies (NYSE: JMIA) is an African e-commerce company that covers a population of 600 million people. A November presentation laid out the company’s turnaround efforts and plans for future growth that are summarized below. Jumia E-commerce: Jumia has 6.7 million annual active...

One IPO is set to price the shortened week of Thanksgiving, but it's a big one. The Offering: Ozon Holdings (NASDAQ: OZON) plans to sell 30 million ADS at a price point of $22.50 to $27.50. Ozon is a large e-commerce company in Russia, a large fragmented market. The two largest...