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📦 UPS and IndiGo’s founder has partnered up to tackle logistics issues.
The largest shareholder of IndiGo, India’s largest airline, has joined UPS Inc. in order to tackle a piece of India’s growing logistics sector. In an earnings call on May 25, IndiGo CEO Ronojoy Dutta ensured that the arrangement is separate from the airline itself.
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, the membership-only warehouse chain, has significantly expanded across the U.S., boasting over 600 locations.c
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 recently paid Alaska Airlines a hefty $160 million as compensation for grounding their 737 Max 9 jet.
Apple has deep-rooted ties with Chinese suppliers spanning three decades, making it challenging to sever connections despite diversifying its sources.
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.
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.
Shares of UK logistics company Wincanton surged as a bidding war unfolded, sparked by a 26% higher offer from US rival GXO.
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 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 Transport Services has struck a long-term deal with Walmart, snagging their intermodal assets and committing to volume and capacity provisions.
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 has announced its acquisition of TV maker Vizio for $2.3 billion in cash, aiming to bolster its profitable advertising business.
Amazon, along with SpaceX and Trader Joe's, is challenging the constitutionality of the National Labor Relations Board (NLRB) in legal filings.
Companies have invested nearly $2 billion to acquire terminal assets from Yellow, comprising 128 properties and 25 leases.
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.
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 is expanding its dedicated transportation services through the acquisition of Cardinal Logistics, previously owned by H.I.G. Capital.
Ocean Network Express (ONE) has partnered with Pan Pacific International Holdings Inc. (PPIH) and NAX Japan to launch the world's first trial of a dual-temperature refrigerated container equipped with Controlled Atmosphere (CA) functions.
Three major medium- and heavy-duty truck manufacturers - Daimler Truck North America (DTNA), Navistar Inc., and Volvo Group North America - have teamed up to create Powering America’s Commercial Transportation (PACT), an initiative aimed at advancing electric truck infrastructure.
Shares of Spirit Airlines surged approximately 10% following the announcement that both Spirit and JetBlue plan to appeal a federal judge's ruling against their merger on antitrust grounds.
Warren Buffett's Berkshire Hathaway has completed its acquisition of the final 20% stake in Pilot Travel Centers, a major truck-stop operator.
A federal judge has put the brakes on JetBlue Airways' acquisition of Spirit Airlines, a deal valued at $3.8 billion, stating that it would negatively impact price-sensitive consumers by removing the discount carrier from the market.
Uber is bidding farewell to its alcohol delivery app, Drizly, which it acquired for a substantial $1.1 billion investment three years ago.
SpaceX achieved a significant milestone by successfully transmitting text messages via its Starlink satellites using T-Mobile's network.
FedEx is anticipating a significant loss of business with the U.S. Postal Service when its current contract expires.
Lazada, the Southeast Asian e-commerce platform owned by Alibaba, has initiated a new round of layoffs that will be affecting employees across all Southeast Asian markets.
Amazon is feeling the pressure from fast-fashion app Shein and has decided to cut referral fees for cheap clothing items in an effort to compete.
A few years back, Hertz took a bold step by purchasing 30,000 Teslas, aiming to electrify 20% of its rental fleet.