Hertz's Tesla Bet Is A Cautionary Tale
A few years back, Hertz took a bold step by purchasing 30,000 Teslas, aiming to electrify 20% of its rental fleet.
Peloton Files Federal Complaint Against Flexport Over Unreasonable Charges
Peloton has lodged a complaint against digital freight forwarder Flexport with the Federal Maritime Commission, alleging that Flexport's practices resulted in millions of dollars in unreasonable demurrage and detention charges.
Costco's Strategic Gaps in Rhode Island, West Virginia, and Wyoming
Costco, the membership-only warehouse chain, has significantly expanded across the U.S., boasting over 600 locations.c
UPS Overcomes First-Quarter Challenges with New USPS Contract
United Parcel Service (UPS) reported a disappointing start to the year with first-quarter earnings revealing a 5.3% drop in revenue and a 31.5% plunge in operating profit compared to last year.
Boeing Compensates Alaska Airlines $160 Million for 737 Max 9 Grounding
Boeing recently paid Alaska Airlines a hefty $160 million as compensation for grounding their 737 Max 9 jet.
Nikola's Legal Drama with EMBR Over Trevor Milton's Involvement
So, Nikola Corp, the electric-vehicle maker, is in a bit of a legal tussle with EMBR.
Navigating Apple's Enduring Partnership with Chinese Suppliers Amid Global Expansion
Apple has deep-rooted ties with Chinese suppliers spanning three decades, making it challenging to sever connections despite diversifying its sources.
Texas Appeals Court Invalidates 1872 Jobs Agreement Between Palestine, TX and Union Pacific
A recent Texas appeals court decision has declared an 1872 jobs agreement between Palestine, Texas, and Union Pacific to be unenforceable, bringing the railway company closer to its goal of shutting down a rail car shop in the town.
EU Approves CMA CGM's Acquisition of Bolloré Logistics with Conditions to Safeguard Fair Competition
The European Commission gave the green light to CMA CGM's acquisition of Bolloré Logistics SE, with conditions, following an investigation into potential competition issues.
GXO Challenges CMA CGM in Logistics Acquisition Battle
Shares of UK logistics company Wincanton surged as a bidding war unfolded, sparked by a 26% higher offer from US rival GXO.
Alibaba Reveals Chinese Government Stakes in Business Units
Alibaba Group Holding Ltd. revealed a deeper involvement of Chinese government entities in its various business arms following an inquiry from the US Securities and Exchange Commission.
FedEx's Potential Profit Boost is From Rethinking the Postal Partnership
FedEx might actually benefit from losing its colossal contract with the U.S. Postal Service, according to Brandon Oglenski, an analyst at Barclays Bank.
J.B. Hunt's Strategic Deal with Walmart is a Boost in Intermodal Assets
J.B. Hunt Transport Services has struck a long-term deal with Walmart, snagging their intermodal assets and committing to volume and capacity provisions.
DeliverDirect is Revolutionizing E-Commerce Shipping with Delta Cargo and SmartKargo Partnership
Efficiency in e-commerce shipping is crucial, and Delta Cargo and SmartKargo have joined forces to tackle common pain points for small parcel shippers.
Walmart Acquiring Vizio to Boost Advertising Business
Walmart has announced its acquisition of TV maker Vizio for $2.3 billion in cash, aiming to bolster its profitable advertising business.
Amazon, SpaceX, and Trader Joe's Challenge Constitutionality of Labor Board in Legal Battles
Amazon, along with SpaceX and Trader Joe's, is challenging the constitutionality of the National Labor Relations Board (NLRB) in legal filings.
Knight-Swift Acquires Terminal Assets from Yellow and Venturing into LTL Sector
Companies have invested nearly $2 billion to acquire terminal assets from Yellow, comprising 128 properties and 25 leases.
Yellow Corp. Asset Acquisition Bid Rekindled
A bid to acquire the remaining assets of bankrupt Yellow Corp. might be back on track, as a ballot sent to local union heads suggests.
Lessons Can Be Learned from Tesla's Success and Arrival's Demise
Starting a new automaker is no easy feat, and it's been a rarity in the last four decades. It's not just about designing a car but also establishing the necessary infrastructure.
Ryder System Expands Dedicated Transportation with Cardinal Logistics Acquisition
Ryder System is expanding its dedicated transportation services through the acquisition of Cardinal Logistics, previously owned by H.I.G. Capital.