Logistics Industry News
A collection of Logistics latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Peter Gunn, truckie turned billionaire logistics titan, dies at 83
Peter Gunn, the Victorian truck driver who became a logistics industry pioneer after founding road transport business Cubico, has died aged 83. The Gunn family confirmed his death in Melbourne on February 26. Hannah Tattersall is the acting editor…
Kuehne + Nagel Cuts Over 2,000 Jobs Amid Logistics Capacity Glut
Kuehne + Nagel International AG plans to cut more than 2,000 jobs, as it tackles a glut of capacity in the transportation market, even as the war on Iran makes the global cargo outlook more unpredictable. The Swiss logistics services provider plans…
PayPal and TCS Blockchain Modernize Logistics Payments
This solution will allow faster and cheaper settlement, the companies said in a Tuesday (March 3) press release. The solution will leverage TCS's solutions and the PayPal USD (PYUSD) stablecoin, according to the release. Utilizing blockchain and…
Thoma Bravo to acquire logistics firm WWEX Group
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Apollo CEO Marc Rowan predicts a private markets 'shakeout
Even one of private credit's biggest proponents is warning of a potential industry 'shakeout.' Marc Rowan, CEO of private credit giant Apollo Global Management, told Bloomberg News editor in chief John Micklethwait at the Bloomberg Invest…
Proficient Auto Logistics (NASDAQ:PAL) Given Outperform Rating at Barrington Research
Proficient Auto Logistics (NASDAQ:PAL - Get Free Report)'s stock had its 'outperform' rating reaffirmed by research analysts at Barrington Research in a research report issued on Tuesday, Benzinga reports. They currently have a $12.00 target price…
GXO Logistics, Inc. (NYSE:GXO) Short Interest Down 16.1% in February
GXO Logistics, Inc. (NYSE:GXO - Get Free Report) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 5,470,338 shares, a drop of 16.1% from the January 29th…
Short Interest in Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) Decreases By 15.7%
Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Get Free Report) was the target of a significant decrease in short interest in February. As of February 13th, there was short interest totaling 502,218 shares, a decrease of 15.7% from the January 29th…
How insight gamified AI
Working in tech, I learned that technology alone doesn't spark transformation. The people do. And people approach new technologies in wildly different ways. To be successful, companies need to adapt to that line of thinking, just like companies…
JPMorgan Chase & Co. Has $19.05 Million Stock Holdings in GXO Logistics, Inc. $GXO
JPMorgan Chase & Co. cut its position in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned…
Thousands of cruise passengers are trapped in Gulf ports
Thousands of cruise line passengers are trapped in ports in the Gulf due to the war in the Middle East. They and crews are unable to leave the ships, which have become floating hotels, due to the escalating hostilities. At least six ships from big…
LMI: Freight market recovery in 'full-swing'
A monthly report compiling sentiment among supply chain managers said February provided more evidence “that the long-awaited freight market comeback is in full-swing.” The Logistics Managers' Index—a diffusion index in which a…
Mexico's multi-billion megaproject could rival Panama Canal
Mexico has been constructing the Interoceanic Corridor of the Isthmus of Tehuantepec, a rail-and-ports megaproject intended to move containers between the Pacific and the Gulf in hours. The corridor's backers pitch it as a dry canal that could keep…
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Rapido launches Ownly food app in Bengaluru with latest campaign
Rapido has officially launched Ownly, its standalone food delivery platform, in Bengaluru. The move follows the company's announcement last year about entering the segment with an alternative pricing model for restaurants. Ownly operates on what it…
Kuehne + Nagel to Cut 2,000 Jobs as War Pressures Markets - TT
Freight rates are set to rise amid supply chain disruptions, boosting revenue and earnings for Kuehne + Nagel and its peers, analysts say. (Alex Kraus/Bloomberg) Kuehne + Nagel will cut more than 2,000 jobs to save 150 million francs as it reports…
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