Expeditors International of Washington Inc. saw revenues shoot up 18% for both the final quarter of 2018 and the fiscal year, a record-setting accomplishment which company officials attributed to growing but volatile volumes in ocean and airfreight.
February 21, 2019Logistics News
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.
US Tariffs Could Wreak Havoc on Auto Industry, Toyota President Says
Toyota Motor Corp. President Akio Toyoda called on President Donald Trump to make a 鈥渃areful and appropriate decision鈥 on whether car imports to the United States are a national security threat, and potentially impose tariffs, to avoid possible ripple effects across the industry.
February 21, 2019US, China Crafting Foundation for Trade Deal, Source Says
U.S. and Chinese negotiators are working on multiple memorandums of understanding that would form the basis of a final trade deal, according to a person briefed on the talks.
February 21, 2019Amazon to Disclose More Details on Environmental Impact
Amazon.com announced it will disclose its carbon footprint later this year, giving consumers and investors new insight into the environmental cost of its popular two-day shipping.
February 20, 2019Walmart Slips as Yet Another Overseas Obstacle Materializes
In India, an unfavorable e-commerce ruling is likely to crimp the growth for Walmart Inc. In China, the retailer says an economic slowdown has shoppers tightening their purse strings. And now in the U.K., a deal to reduce Walmart鈥檚 exposure to the slowing market there is on life support.
February 20, 2019Wheaton Van Lines Acquires Stevens Worldwide
Wheaton Van Lines is acquiring Stevens Worldwide Van Lines, adding a fourth household goods moving company to its corporate holdings.
February 20, 2019Alberta Expects $1.7 Billion Profit From Crude-by-Rail Operation
Alberta is preparing a giant crude-by-rail operation to help its oil-sands producers cope with a pipeline crunch, and it expects a big profit from the venture.
February 20, 2019Tesla CEO Elon Musk Sets Goal of Making 500,000 Cars in 2019
Elon Musk said Tesla Inc. will make about 500,000 cars this year, a prediction that鈥檚 difficult to gauge given the CEO鈥檚 proclivity for setting stretch goals.
February 20, 2019PepsiCo Buys Wellness-Focused Muscle Milk in New CEO鈥檚 First Move
New PepsiCo Inc. CEO Ramon Laguarta has made his first acquisition, purchasing the maker of sports and wellness products Muscle Milk from Hormel Foods Corp. for an undisclosed amount.
February 20, 2019White House Cancels $929 Million in Grants for California鈥檚 Beleaguered Rail Project
The Trump administration on Feb. 19 said it will cancel more than $900 million in federal grants earmarked for a high-speed rail project California that the state鈥檚 Democratic governor announced would be scaled back from its initial vision amid delays and cost overruns.
February 20, 2019Trending
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