Heyday, a platform that buys and builds consumer brands that sell on Amazon .com Inc., raised $555 million in a funding round led by Raine Group and Indian tycoon Azim Premji鈥檚 investment firm.
November 16, 2021Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Walmart Boosts Outlook as Sales Rise Despite Inflation
Walmart Inc. surpassed Wall Street鈥檚 expectations and lifted its outlook again, signaling that the retail giant is weathering global supply chain snarls and rising inflation.
November 16, 2021Container Shipping Rates May Take Two Years to Fall to Normal
Ocean freight rates, which have pummeled retailers and manufacturers throughout 2021, may take more than two years to return to normal levels if past market cycles are any guide.
November 16, 2021L.A., Long Beach Delay Container Fees as Shippers Clear Stacks
The country's largest ports of Los Angeles and Long Beach will postpone the start of a fee on ocean carriers that fail to clear containers off the docks, which was set to begin Nov 15.
November 15, 2021USDOT Targets Georgia for Supply Chain Assistance
The Biden administration task force on supply chains recently paved the way for the Georgia Port Authority to be able to reallocate more than $8 million for inland facilities in the state, as well as North Carolina.
November 15, 2021Biden Signs $1 Trillion Infrastructure Bill
President Joe Biden signed his $1 trillion infrastructure deal into law Nov. 15 on the White House lawn, with a smattering of Republican lawmakers on hand for what could be one of the last shows of bipartisanship ahead of the 2022 midterm elections.
November 15, 2021Biden Could Revisit Renewable Fuel Mandate for Price Relief
As U.S. President Joe Biden weighs alternatives to lower fuel prices, one move that could bring immediate relief at the pumps is sparking debate: adjusting the Bush-era renewable fuel mandate.
November 15, 2021Former New Orleans Mayor Landrieu to Manage Infrastructure Plan
President Joe Biden has chosen as supervisor of his $1 trillion infrastructure plan Mitch Landrieu, who as New Orleans mayor pushed the city into recovery after the devastation from Hurricane Katrina.
November 15, 2021Uber Freight Completes Acquisition of Transplace
Uber Freight announced Nov. 15 that it has completed its acquisition of the managed transportation and logistics network company Transplace from TPG Capital.
November 15, 2021Oil and Gas Leases on Hold in New Mexico鈥檚 Chaco Park
New oil and gas leasing within 10 miles of Chaco Culture National Historical Park will be prohibited for the next two years as officials consider a proposal to withdraw federal land in the area from development for a 20-year period, the U.S. Department of Interior said Nov. 15.
November 15, 2021Trending
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