Logistics
For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
Presidential Candidate Amy Klobuchar Unveils $1 Trillion Infrastructure Plan
U.S. Senator Amy Klobuchar became the first Democratic presidential candidate to release a detailed federal infrastructure plan, calling for $1 trillion in investment and putting pressure on a wide field of contenders to come up with their own proposals.
Norfolk Southern Breaks Ground on Atlanta HQ
Railroad giant Norfolk Southern held a ceremonial turning of dirt March 26 to mark construction of the company’s new Midtown Atlanta headquarters, but the process of moving personnel from Virginia to Atlanta already is underway.
Ryder Appoints Scott Parker to Top Financial Post
Ryder System Inc. announced the appointment of Scott Parker as chief financial officer.
March 27, 2019Manhattan Drivers Could Be Facing $11.52 Toll to Drive City Streets
London did it. So did Singapore and Stockholm. Now New York may be coming around to congestion pricing.
March 27, 2019January Trade Gap Narrows as Imports From China Plummet
The U.S. trade deficit pulled back in January from the widest level in a decade as imports from China plunged, suggesting American companies had been rushing shipments the prior month to beat an expected tariff boost.
I.D. Systems Acquires Pointer Telocation for $140 Million
I.D. Systems Inc., a New Jersey-based tracking technology company, has acquired Pointer Telocation Ltd., an Israeli provider of telematics and mobile internet of things services, in a $140 million deal, the companies report.
MIQ Logistics Agrees to Buyout by Spanish Firm Noatum
Global freight forwarder MIQ Logistics will become part of Noatum Logistics, a unit of Noatum Maritime Services in Madrid, according to a definitive agreement announced March 21.
UPS, Startup Begin First Regular Drone Deliveries in US
UPS Inc. and a startup drone partner began the first continuing commercial drone deliveries in the United States, making a short flight carrying a medical sample between North Carolina hospitals March 26.
Tesla’s Model 3 Shatters Record in Electric Car-Crazy Norway
Just weeks after Tesla Inc. started rolling out its Model 3 in Europe, the electric-car manufacturer has beaten the monthly sales record in its key Norwegian market by a wide margin.
Midwest Floods Deliver Another Economic Blow to Farmers
Chad Korth’s Nebraska farm mostly was unscathed from the catastrophic floods that inundated nearby fields thanks to being positioned atop a hill. But as the waters recede, he’s not expecting to be spared the financial blow that’s hitting the region.