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WiseTech Global Acquires Singapore Firm Containerchain

WiseTech Global, a logistics company based in Sydney, has acquired Containerchain, a container logistics provider that does business in Asia, Europe and the United States, according to a WiseTech news release.

March 8, 2019
GovernmentBusinessLogistics

Trade War Leaves Pacific Northwest Port Growth at Risk

An industry that saw dramatic growth in the 10 years before Donald Trump became president is now concerned his administration鈥檚 trade tussle with China, and the lack of a deal with Japan, will cut future growth short.

March 8, 2019
BusinessTechnologyLogistics

Financing Deals Put Tesla Closer to Making Model 3s in China

Tesla Inc. secured as much as $521 million in loans from Chinese banks to build a vehicle and battery factory in the country, putting the carmaker a step closer to producing Model 3 sedans at its first overseas plant.

March 8, 2019
BusinessTechnologyLogistics

Descartes Posts 16% Profit Gain for Final Quarter, Full Year

The Descartes Systems Group Inc. reported profits grew 16% in 2018, according to a company earnings release.

March 8, 2019
BusinessTechnologyLogistics

Amazon Purges Suppliers in Push to Boost E-Commerce Profits

Amazon.com abruptly stopped buying products over the past two weeks from many of its wholesale vendors, encouraging them to instead sell their products directly to consumers on Amazon鈥檚 marketplace.

March 7, 2019
GovernmentBusinessSafetyLogistics

Washington State Transport Package Sets Aside $450 Million for New I-5 Bridge

The Washington state Senate Transportation Committee passed a $15 billion transportation package March 6 that includes $450 million for a new Interstate 5 bridge across the Columbia River.

March 7, 2019
BusinessLogisticsTCA

Port of Baltimore Tops 10 Million Tons of Cargo for Third Straight Year

The port of Baltimore had another historic year in 2018. The Maryland Port Administration鈥檚 public terminals handled 10.9 million tons of general cargo 鈥 more containers, cars, construction equipment and other cargo than ever before 鈥 surpassing 10 million tons for the third straight year, officials announced March 6.

March 7, 2019
GovernmentBusinessLogistics

How a US-China Deal Might Reshape Global Trade

President Donald Trump says he has asked China to immediately remove all tariffs on U.S. agricultural products in what could be a huge blessing for American farmers. But how will global trade flows change in the event of a deal?

March 7, 2019
GovernmentBusinessLogistics

Companies Added 183,000 Workers in February

Companies added fewer workers to U.S. payrolls in February after a burst of hiring in the prior month that was stronger than previously reported, signaling that the labor market continues to underpin what may become the longest economic expansion on record this year.

March 6, 2019
GovernmentBusinessTechnologyLogistics

Tesla Probably Can鈥檛 Make Money in China, Morgan Stanley Says

Investors should keep their expectations about Tesla Inc.鈥檚 ability to operate profitably in China 鈥渧ery low,鈥 Morgan Stanley analyst Adam Jonas wrote in a note, adding that he鈥檚 cautious about the country鈥檚 role in the carmaker鈥檚 long-term strategy and fundamental value.

March 6, 2019

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