Blockchain Mentioned Less in Boardrooms
Blockchain, the technology that allows digital information to be shared across networks, has been mentioned fewer and fewer times by corporate executives, signaling what was thought to be the next big thing in trucking may already be declining.
June 11, 2019H.I.G. Completes Acquisition of Cardinal Logistics
Private equity firm H.I.G. Capital announced an affiliate completed the acquisition of Cardinal Logistics Holdings, a provider of dedicated transportation and logistics services in North America.
June 10, 2019Hundreds of Barges Stalled as Floods Hinder Midwest Supplies
Hundreds of barges are stalled on the Mississippi River, clogging the main circulatory system for a farm-belt economy battered by a relentless, record-setting string of snow, rainstorms and flooding.
June 10, 2019Chinese Imports Drop as Growing Tensions With US Cloud Trade
China’s imports tumbled in May and a surprise rise in exports wasn’t enough to dispel concerns that the economic dispute with the U.S. will intensify and damage the global economy.
June 10, 2019Penske Logistics Opens Refrigerated Warehouse for Kroger
Penske Logistics has opened a 606,000-square-foot refrigerated distribution center in Romulus, Mich.
June 10, 2019Masterpiece to Use Turtle Crates for Art Shipments
Masterpiece International will exclusively distribute Turtle crates in the United States, Canada and Mexico through Turtle North America, the company said.
June 10, 2019Trump Says He'll Drop Mexico Tariff as Deal Reached on Migrants
President Donald Trump said he would drop plans for tariffs on Mexico that he’d been threatening to impose for the past week after the country promised new steps to stem an influx of illegal migration into the U.S.
June 7, 2019FedEx Won’t Renew Amazon’s US Air-Delivery Contracts
FedEx Corp. said June 7 it wouldn’t renew its U.S. air-delivery contract with Amazon.com, paring a key customer relationship as the largest online retailer deepens its foray into freight transportation.
June 7, 2019Trump Sees ‘Good Chance’ of Deal With Mexico to Avert Tariffs
President Donald Trump said there’s a “good chance” the United States will reach agreement to avert imposing trade tariffs on Mexico slated to take effect June 10, and that the deal would require the country to buy more U.S. agricultural products.
June 7, 2019Mexico Tariff Would Have ‘Significant’ Negative Impact, Ford Says
Ford Motor Co. would feel a serious impact if tariffs are levied on the cars, engines and transmissions it imports from Mexico, but a top executive at the automaker expressed optimism the trade dispute can be resolved without lingering damage.
June 6, 2019