Logistics Industry News

KFC Japan may cut menu as logistics outage disrupts deliveries

Kentucky Fried Chicken Japan says it may scale back its menu after a system failure at one of its logistics contractors disrupted food deliveries to stores across the country. The fast-food giant says product shortages, reduced menus and changes to…

STG Logistics exits Chapter 11 bankruptcy protection - TT

STG reduced its funded debt obligations by more than $1 billion during the process. (STG Logistics) STG Logistics exited Chapter 11 bankruptcy July 9 after filing Jan. 12 in New Jersey, with operations continuing throughout the restructuring…

GXO Logistics (NYSE:GXO) Now Covered by Citizens Jmp

Equities researchers at Citizens Jmp started coverage on shares of GXO Logistics (NYSE:GXO - Get Free Report) in a research note issued to investors on Wednesday. The brokerage set a 'market perform' rating and a $80.00 price target on the stock.

Radiant Logistics (NYSEAMERICAN:RLGT) Coverage Initiated by Analysts at Citizens Jmp

Research analysts at Citizens Jmp initiated coverage on shares of Radiant Logistics (NYSEAMERICAN:RLGT - Get Free Report) in a report released on Wednesday. The brokerage set a 'market perform' rating on the stock. Several other brokerages also…

Citizens Jmp Begins Coverage on Covenant Logistics Group (NYSE:CVLG)

Analysts at Citizens Jmp assumed coverage on shares of Covenant Logistics Group (NYSE:CVLG - Get Free Report) in a report issued on Wednesday, Benzinga reports. The brokerage set a 'market outperform' rating and a $60.00 price target on the stock.

Stifel Nicolaus Issues Pessimistic Forecast for GXO Logistics (NYSE:GXO) Stock Price

GXO Logistics (NYSE:GXO - Get Free Report) had its price objective cut by Stifel Nicolaus from $71.00 to $70.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a 'buy' rating on the stock. Stifel Nicolaus'…

Delek Logistics Partners (NYSE:DKL) Sets New 1-Year High - What's Next?

Delek Logistics Partners, L.P. (NYSE:DKL - Get Free Report) shares reached a new 52-week high on Wednesday. The stock traded as high as $55.89 and last traded at $55.4450, with a volume of 19173 shares. The stock had previously closed at $55.31. A…

GXO Logistics (NYSE:GXO) Price Target Cut to $55.00 by Analysts at Truist Financial

GXO Logistics (NYSE:GXO - Get Free Report) had its target price reduced by equities research analysts at Truist Financial from $70.00 to $55.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a 'buy' rating…

Stifel Nicolaus Has Lowered Expectations for Universal Logistics (NASDAQ:ULH) Stock Price

Universal Logistics (NASDAQ:ULH - Get Free Report) had its price objective dropped by analysts at Stifel Nicolaus from $17.00 to $15.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has…

Covenant Logistics Group (NYSE:CVLG) Hits New 12-Month High - Should You Buy?

Covenant Logistics Group, Inc. (NYSE:CVLG - Get Free Report) shares reached a new 52-week high during trading on Wednesday. The company traded as high as $47.78 and last traded at $47.09, with a volume of 12703 shares trading hands. The stock had…

China Sends Robots Out Into the World to Learn How to Be Human

In an industrial park on the outskirts of Beijing, a humanoid arm picks up a bag of Lay's potato chips and places it neatly along a row of snacks on a shelf. Nearby, a worker films himself grabbing cushions off a sofa and folding sheets on a bed…

Immingham jet fuel refinery plan promises 400 skilled jobs

Up to 400 permanent, skilled jobs will be created under plans for sustainable fuel refinery in North East Lincolnshire. ETFuels has chosen Immingham to be the home for a new facility which will convert e-methanol into fuel for the aviation…

The trucking market is tighter than it's been in years - but investors are upbeat on J.B. Hunt

Higher fuel costs and stricter driver regulations have made it harder and more expensive for businesses this year to find trucks to make shipments. But investors in trucking and logistics giant J.B. Hunt Transport Services didn't see either of…

New MoU between RFA and SAFLA aims to streamline freight forwarding in South Africa

The Road Freight Association (RFA) and the South African Freight and Logistics Association (SAFLA) announced on Tuesday that they had formalised a strategic partnership through the signing of a Memorandum of Understanding (MoU). Image: Karen…

Nick Jonas Shared Screenshots Of His First-Ever DMs With Priyanka Chopra, And It's A Wild Insight Into Celeb Dating