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Al Gore’s Fund Leads $400 Million Deal With Convoy

In the four years since it was founded, Convoy Inc. has assembled a lineup of big-name investors that includes Bill Gates, Jeff Bezos and Marc Benioff. It’s adding one more to the list: Al Gore.

November 13, 2019

Trade Battles With China Could Damage 1.47 Million US Jobs, Says Study

President Donald Trump’s long-running trade battle with China is putting nearly 1.47 million U.S. jobs at risk, according to a new study commissioned by the Port of Los Angeles and written by global consulting firm BST Associates.

November 12, 2019

Pemex Faces Payment Problems After Cyberattack Shut Down System

A ransomware attack that hit Mexico’s Petroleos Mexicanos is disrupting the company’s billing systems, according to people familiar with the situation.

November 12, 2019

IMC Acquires TransInternational System

IMC Cos. has acquired TransInternational System effective Oct. 18, the intermodal logistics company said in a news release.

November 12, 2019

Truck Delivery App Wins Saudi Funds to Expand in Middle East

Trukker, a digital marketplace for land freight based in the United Arab Emirates, has raised one of the largest initial rounds of capital for a startup in the region.

November 12, 2019

Connecticut Gov. Ned Lamont’s Transportation Plan Includes Tolls

Connecticut Gov. Ned Lamont has released a transportation plan that would be funded in part by electronic tolls.

November 8, 2019

Amazon Accused of Forcing Up Prices in Antitrust Complaint

In a letter sent to federal lawmakers, an online merchant has accused Amazon.com of forcing him and other sellers to use the company’s expensive logistics services, which in turn forces them to raise prices for consumers.

November 8, 2019

Americold’s Net Income Climbs 10.6% in Q3

Americold Realty Trust, a global real estate company focused on temperature-controlled warehouses, said it grew its net income by 10.6% to $27.1 million in the quarter ended Sept. 30, over income of $24.5 million in the same quarter last year.

November 7, 2019

Holiday Season Returns Will Set Record, UPS Predicts

This holiday season is projected to be so busy, UPS even expects to set a record for returned merchandise.

November 7, 2019

Jacksonville Port Authority Receives $20 Million Grant

The Jacksonville Port Authority is the recipient of a $20 million grant for infrastructure improvements to include reconstructing about 100 acres of pavement at the SSA Jacksonville Container Terminal on Blount Island to allow the port to better accommodate large container vessels.

November 7, 2019