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…
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…
Arvin Capital Management LP Sells 34,825 Shares of GXO Logistics, Inc. $GXO
Arvin Capital Management LP lowered its stake in shares of GXO Logistics, Inc. (NYSE:GXO - Free Report) by 7.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 440,800 shares of the company's stock after…
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…
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…
Glass deposit scheme 'risks £300m fraud', industry warns
Plans to include glass in Wales's deposit return scheme (DRS) could drive up prices for consumers, according to a joint letter to the first minister from hospitality, retail and drinks bosses. The letter said the move to include glass in Wales…
Glass deposit scheme 'risks £300m fraud', industry warns
Huw ThomasWales business correspondent Plans to include glass in Wales's deposit return scheme (DRS) could drive up prices for consumers, according to a joint letter to the first minister from hospitality, retail and drinks bosses. The letter said…
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…
Uncertainties cloud Middle East markets for Korean beauty, foods
Iran's closure of the Strait of Hormuz has created a barrier for Korea's major beauty and food firms exporting to the Middle East and other regions accessible through the key maritime shipping channel. With the region emerging as a rising global…
Investing in AI infrastructure: What it means for the future of tech
Amritesh Anand, Vice-President and MD – Technology Services Group at In2IT Technologies. Artificial intelligence (AI) has become a central driver of today's digital economy. Behind the impressive breakthroughs in generative AI, natural…
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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