Search

Showing 10 of 452 results

= Premium Content

FedEx Cuts Forecast After Tough Quarter for Deliveries

FedEx Corp. cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.

September 19, 2024

Amazon Launches AI Assistant to Help Online Merchants

Amazon.com Inc. is launching an artificially intelligent assistant designed to help online merchants manage their businesses.

September 19, 2024

CVC Willing to Bump DB Schenker Bid After Losing to DSV

CVC Capital Partners signaled it鈥檚 willing to increase its 14 billion-euro ($15.6 billion) offer for Deutsche Bahn AG鈥檚 logistics unit after losing the bidding to Danish company DSV A/S.

September 18, 2024

Amazon Boosts Warehouse Worker Pay by at Least $1.50 an Hour

Amazon.com Inc. is raising the pay of its hourly warehouse workers by at least $1.50 an hour and tacking on Prime memberships to their benefits package.

September 18, 2024

Port Dockworkers Threaten to Strike Over Automation, Pay

About 45,000 dockworkers along the U.S. East and Gulf Coasts are threatening to strike on Oct. 1, a move that would shut down ports that handle about half the nation鈥檚 cargo from ships.

September 18, 2024

Intel to Make Custom AI Chip for Amazon, Delay German Plant

Intel and Amazon鈥檚 AWS will co-invest in a custom semiconductor for artificial intelligence computing 鈥 what鈥檚 known as a fabric chip 鈥 in a 鈥渕ultiyear, multibillion-dollar framework.鈥澛

September 17, 2024

After EVs, China鈥檚 CATL Seeks to Dominate Electric Trucks

CATL has in a short space of time become the world鈥檚 largest maker of electric car batteries. Now the Chinese company wants to dominate in trucks globally.

September 16, 2024

PepsiCo, Maersk, Others Team Up on Electric Truck Pilot

A high-powered coalition is spearheading efforts to electrify the Interstate 10 trucking corridor.

September 17, 2024

DSV Buys DB Schenker for $15.9B, Creating Logistics Giant

DSV, founded by 10 Danish truckers in the 1970s, has grown through a string of acquisitions in the fragmented transport industry, including buying targets that were larger than itself.

September 13, 2024

Amazon to Boost Contract Driver Pay to Nearly $22 an Hour

Amazon.com Inc. plans to spend an additional $2.1 billion on its contract delivery program, including safety programs, training and additional pay for the contracting firms.

September 12, 2024