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Construction of the warehouse is expected to begin next year, Orkun Saruhanoglu, CEO of DHL Supply Chain in the Middle East and Africa, said in an interview.

The sale represents Uber’s second as a blue-chip company after it tapped investors for $4 billion around a year ago. The proceeds will be used for general corporate purposes.

American and foreign companies can ride out federal tariff uncertainties by seeking business stability in states with favorable regulations, taxation policies and economic incentives.

Stonepeak’s infrastructure investments include temperature-controlled warehouse trust Lineage, chassis provider Trac Intermodal and intermodal container lessor Textainer.

From how to utilize your existing telematics to what’s on the horizon for future technology, this deep dive into advanced telematics is your cheat code to maximizing your investment – today and for the road ahead. 

Brad Jacobs, the billionaire who founded XPO Logistics, is creating a publicly listed company designed for multiple acquisitions and funded with $1 billion, mostly from Jacobs himself.

Considering investing in telematics but aren’t sure where to begin? The Trailer Telematics Cost of Ownership Guide is a great starting point. You’ll learn how to shape your investment and what to expect to save on fleet maintenance.

Trucking and logistics firms have seen weak market conditions during the past year as spot freight demand has cooled, truck capacity has loosened and the macroeco­nomic outlook is uncertain.

NATIONAL HARBOR, Md. — President Joe Biden cited supply chain achievements and urged foreign investment as the Commerce Department held a networking event that included 70 countries.

Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group Co. has divested its 6.3% stake in truck maker Daimler Truck Holding AG, equivalent to roughly $1.6 billion.