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The public markets saw a record number of IPOs and capital raised in 2021. Around 1,500 companies went public via traditional IPO, direct listing or via SPAC merger. Public listings in 2021 raised over $490 billion. Here is a look at the five best-performing IPOs of 2021. (The worst-...

Amazon.com, Inc. (NASDAQ: AMZN) said last week it expects to be the largest package delivery carrier in the U.S. by the end of 2021, if not in early 2022. The Amazon Analyst: Morgan Stanley analyst Brain Nowak has an Overweight rating and a $4,000 price target for Amazon shares. The Amazon...

In early August, Enovix Corp. (NASDAQ: ENVX) completed the installation of specialized equipment for a sophisticated production line in Fremont, California, and is gearing up to begin commercial production of batteries for mobile electronic devices in early 2022. The ocean congestion...

In early 2021, many market watchers called the beginning of a new commodities supercycle. There were plenty of positive signals: low rates, fiscal stimulus across developed economies and pent-up demand just as the world was emerging from COVID-19. The idea was that that demand for commodities...

A.P. Møller – Maersk made a minority investment in electrofuels production company Prometheus Fuels on Thursday. Maersk is not putting all of its eggs in one basket when it comes to alternative fuels. The company is considering biodiesel, alcohols, lignin-enhanced alcohols and ammonia as potential...

Snarled supply chains and lost production from factory closures due to COVID are dampening Nike Inc.'s revenue growth through a combination of lost sales and higher transportation costs.  Nike (NYSE: NKE) reported $12.25 billion in revenues for the quarter ended Aug. 31, a 16% gain from last year...

There are over 60 container ships full of import cargo stuck offshore of Los Angeles and Long Beach, but there are more than double that — 154 as of Friday — waiting to load export cargo off Shanghai and Ningbo in China, according to eeSea, a company that analyzes carrier schedules. The number of...

The logistics industry has experienced an undeniable technological revolution over the past several years. Companies across the supply chain are embracing technology to level up their businesses, automate tedious tasks and bolster their bottom lines. Still, the industry as a whole is relatively...

The hole that FedEx Corp. finds itself in is, in some respects, not of its own digging. It can't force people to accept job offers, nor can it control the wages its competitors are willing to pay. It can't stop or slow the unprecedented surge in parcel-delivery volumes that have pulled forward...

TFI International bought UPS Freight with plans to make the LTL carrier "lean and mean," a turn of phrase CEO Alain Bédard likes to use. While the company is implementing that strategy, including recent cuts to salespeople, one thing it needs more of is truck drivers.  As of late July, Montreal-...

For many, Nike’s (NYSE: NKE) quarterly report means the unofficial end to earnings season. While bank earnings are now only a few weeks away, marking the start to the third-quarter reports, the second quarter was one worth noting. Since the pandemic sent the broader market into disarray...

On Thursday, first-quarter results revealed that the global supply chain havoc has harmed Nike (NYSE: NKE) more than expected. Moreover, longer transit times, labor shortages, and prolonged factory closures due to lockdowns in Vietnam where the sneaker giant produces approximately half of its...

California Gov. Gavin Newsom has signed legislation known as AB 701 that targets quotas in the warehouse industry. The legislation was introduced by Assemblywoman Lorena Gonzalez, who is also the author of AB 5, which targets independent contractors in the state. In the same way that Uber (NYSE:...

Logistics real estate investment trust Prologis Inc. announced Thursday it was expanding its training program aimed at tackling the growing need for logistics workers. Through its Community Workforce Initiative (CWI), the San Francisco-based industrial warehouse operator is adding six locations to...

On Tuesday, parcel delivery company FedEx Corporation (NYSE: FDX) reported a decline in quarterly profit along with cutting its earnings outlook due to higher costs and labor shortages. Upon the news, its shares declined more than 4% in after-hours trading. Figures For the quarter that ended in...