ONE, PPIH, and NAX Japan Launch World's First Dual-Temperature CA Refrigerated Container Trial
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.
Major Truck Manufacturers Join Forces in PACT to Accelerate Electric Truck Infrastructure
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 Soar as Spirit and JetBlue Appeal Ruling Blocking Merger
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 Buffets Company Completes Acquisition of Pilot Travel Centers
Warren Buffett's Berkshire Hathaway has completed its acquisition of the final 20% stake in Pilot Travel Centers, a major truck-stop operator.
Federal Judge Blocks JetBlue's Acquisition of Spirit Airlines
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 to Close Drizly Alcohol Delivery App
Uber is bidding farewell to its alcohol delivery app, Drizly, which it acquired for a substantial $1.1 billion investment three years ago.
SpaceX Successfully Tests Starlink's Direct-to-Device Text Service via T-Mobile Network
SpaceX achieved a significant milestone by successfully transmitting text messages via its Starlink satellites using T-Mobile's network.
FedEx Expects Significant Business Loss with USPS
FedEx is anticipating a significant loss of business with the U.S. Postal Service when its current contract expires.
Lazada Initiates Layoffs Amidst Southeast Asian E-commerce Competition
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 Slashes Fees to Compete with Shein in Fast-Fashion Market
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.
Forward Air Sells Final-Mile Business to Hub Group for $262 Million
Forward Air has sold its final-mile business, Forward Air Final Mile (FAFM), to Hub Group for $262 million.
Deutsche Bahn Launches Sale of DB Schenker to Focus on Core Railway Business
Deutsche Bahn, Germany's national railway operator, has initiated the sale of its logistics unit, DB Schenker, as part of its strategy to concentrate on its core railway business.
Stellantis and Ample Join Forces to Bring Quick-Swappable Batteries to City Cars
Stellantis, the owner of several car brands, is teaming up with Ample, a California-based startup, to introduce city cars with quick-swappable high-voltage batteries.
Tesla, GM, and Others Join Forces to Track Global Greenhouse Gas Emissions with Climate TRACE Database
Tesla, GM, and other companies will use the Climate TRACE database from Al Gore's climate coalition, utilizing satellites and machine learning to monitor global greenhouse gas emissions.
UAE Denounces 'Fake News' Amid COP28 Climate Conference Host Role Controversy
The United Arab Emirates (UAE) has denounced what it calls "fake news" aimed at undermining its role as the host of the COP28 climate conference, including false reports about the resignation of COP28 president-designate Sultan Al-Jaber from his position at the state oil giant ADNOC.
President Xi Jinping Dines with Top U.S. CEOs Amid Criticism and Controversy
China's President Xi Jinping attended a dinner in San Francisco with prominent American CEOs, including Tim Cook of Apple, Elon Musk of Tesla, and Larry Fink of BlackRock, among others.
Press Release: Run Rail and RDS Capacity Solutions Forge Strategic Partnership
RDS Capacity Solutions (RDS) and Run Rail are pleased to announce an exciting strategic partnership aimed at elevating innovation and efficiency in logistics solutions.
General Motors and UAW Reach Agreement, Ending Detroit Three Strike
General Motors (GM) and the United Auto Workers (UAW) have reached a tentative agreement, ending a six-week-long coordinated strike against the Detroit Three automakers.
Chevron's Stock Decline Shrinks Value of Hess Acquisition Offer by $6.5 Billion
Chevron's stock decline following an earnings miss has reduced the value of its all-stock acquisition offer for Hess Corp. by approximately $6.5 billion.
Chevron and Exxon Bet Big on Oil and Gas With Multi-Billion-Dollar Acquisitions
Chevron and Exxon are making significant acquisitions in the oil and gas industry despite growing global momentum toward clean energy.