News

The latest business and logistics news from across the globe

Supply Chain Layoffs: Over 2,400 Job Cuts Hit the U.S. Logistics Industry
21Nov

Supply Chain Layoffs: Over 2,400 Job Cuts Hit the U.S. Logistics Industry

These layoffs highlight the challenges of rising costs, shifting consumer demand, and operational inefficiencies across the industry. As companies adapt to a post-pandemic landscape, they are forced to rethink their strategies to secure their future.

Amazon Air Cargo Extends Equal Priority to Third-Party Shipments
19Nov

Amazon Air Cargo Extends Equal Priority to Third-Party Shipments

By offering third-party shippers the same priority and access as its internal network, Amazon is positioning its air cargo operations as a competitive solution for businesses during peak seasons and beyond.

“Bluesky” Attracts “X” Users Following Trump’s Election
15Nov

“Bluesky” Attracts “X” Users Following Trump’s Election

In the last week, Bluesky has attracted a staggering 2.5 million new users, bringing its total user base to over 16 million. This change in the social media landscape coincides with Trump’s election victory.

Boeing Workers Approve New Contract, Ending Seven-Week Strike
07Nov

Boeing Workers Approve New Contract, Ending Seven-Week Strike

After a seven-week strike, Boeing’s U.S. West Coast factory workers voted in favor of a new contract with a 38% pay raise. This provides much-needed relief to the plane maker as it starts restoring production.

Robot AI Startup Physical Intelligence Raises $400 Million
06Nov

Robot AI Startup Physical Intelligence Raises $400 Million

Backed by top venture capital firms, the startup, now valued at $2 billion, is ready to transform the robotics industry. Its versatile software shows the potential to adapt across diverse environments without specialized programming.

Cyberattack on Microlise Shuts Down UK Retail Fleet Tracking
03Nov

Cyberattack on Microlise Shuts Down UK Retail Fleet Tracking

This incident disrupted live tracking services for over 400 retail fleets, including grocery retailers and DHL. It highlights the need for improved safeguards across supply chain networks.

California Announces Sustainable Fuel Partnership
01Nov

California Announces Sustainable Fuel Partnership

California’s ground breaking sustainable fuel development can be the catalyst necessary to lead to numerous changes throughout the state-wide society, and country-wide society, to push for a more eco-friendly life.

Volkswagen Goes Through Historic Layoffs, Closures, and Paycuts
28Oct

Volkswagen Goes Through Historic Layoffs, Closures, and Paycuts

Volkswagen, one of the world’s leading auto manufacturers, has announced historic layoffs, closures, and pay cuts for their hundreds of factories and employees around the world.

Job Scarcity in the U.S. Labor Market Indicates Concerning Trend
27Oct

Job Scarcity in the U.S. Labor Market Indicates Concerning Trend

The rising job scarcity across the U.S. labor market reveals a complex landscape shaped by economic shifts, skill mismatches, and environmental factors. This demands more innovative solutions.

Port of Montreal Currently in 24-Hour Strike, Halting Cargo Operations
26Oct

Port of Montreal Currently in 24-Hour Strike, Halting Cargo Operations

After 35 mediation sessions over 15 months, the Maritime Employers Association, representing port employers, noted that negotiations with the longshore union had reached a stalemate.

Cartage Secures $3.3 Million to Transform Freight Operations with AI
15Oct

Cartage Secures $3.3 Million to Transform Freight Operations with AI

With backing from major investors, Cartage is well-positioned to lead the transformation in freight operations by providing innovative, fast, and adaptable freight coordination solutions.

Unilever Exits Russian Market After Sale to Arnest Group
14Oct

Unilever Exits Russian Market After Sale to Arnest Group

Unilever has officially exited the Russian market by selling its Russian subsidiary and Belarusian operations to local FMCG company Arnest Group. This sale marks the end of Unilever’s presence in the region.

Mastercard Acquires Minna Technologies to Simplify Subscription Management
09Oct

Mastercard Acquires Minna Technologies to Simplify Subscription Management

In line with its vision, this move supports Mastercard’s strategy to stay competitive by meeting the growing demand for easy, integrated financial management solutions.

EU Sparks Trade Tensions with China by Imposing Tariffs on Electric Vehicles
07Oct

EU Sparks Trade Tensions with China by Imposing Tariffs on Electric Vehicles

As the EU moves forward with the tariffs, the focus now shifts to whether a diplomatic solution can be reached before broader economic consequences take hold.

CBP Releases Updated ACAS Implementation Guide for Air Cargo Screening
04Oct

CBP Releases Updated ACAS Implementation Guide for Air Cargo Screening

The new screening guidelines are designed to help flag high-risk shipments and improve overall security measures for air cargo entering the U.S.

Alaska Airlines Completes $1.9 Billion Acquisition of Hawaiian Airlines
02Oct

Alaska Airlines Completes $1.9 Billion Acquisition of Hawaiian Airlines

The merger will allow Alaska Airlines to improve its long-haul capabilities and compete with other major U.S. carriers, such as American, Delta, and United.

Potential U.S. Port Strike Threatens Disruption Across East and Gulf Coasts
27Sep

Potential U.S. Port Strike Threatens Disruption Across East and Gulf Coasts

If a deal is not reached by October 1, the strike would have far-reaching economic implications by halting port activity and severely disrupting U.S. imports and exports.

Could A Potential Qualcomm-Intel Takeover Happen Despite Struggles?
24Sep

Could A Potential Qualcomm-Intel Takeover Happen Despite Struggles?

If it goes through, the Qualcomm-Intel takeover would combine two of the largest players in the chip market and reshape the entire semiconductor industry.

USDA Tightens Regulations on Organic Imports to Ensure Compliance
18Sep

USDA Tightens Regulations on Organic Imports to Ensure Compliance

These regulations will help maintain the integrity of the U.S. organic market by preventing inaccurately labeled imports from entering the country.

T-Mobile Acquires US Cellular’s Wireless Spectrum for $4.4 Billion
16Sep

T-Mobile Acquires US Cellular’s Wireless Spectrum for $4.4 Billion

With this spectrum acquisition, T-Mobile will have the capacity to provide improved network coverage and bandwidth for underserved urban and rural customers.

Intel Secures $3.5 Billion Federal Grant to Produce Semiconductors in Pentagon Deal
15Sep

Intel Secures $3.5 Billion Federal Grant to Produce Semiconductors in Pentagon Deal

This funding indicates renewed confidence in Intel’s capacity to meet the Pentagon’s requirements, despite ongoing concerns about the chipmaker’s global expansion strategy and recent market performance.

Nirvana Raises $24.2 Million in Series A Funding to Accelerate Healthcare Insurance Verification
14Sep

Nirvana Raises $24.2 Million in Series A Funding to Accelerate Healthcare Insurance Verification

The funding will help expedite insurance verification, ensuring accuracy and speed while driving Nirvana’s expansion into new healthcare specialties.

Biden-Harris Administration Announces New Measures to Curb De Minimis Shipment Abuses
13Sep

Biden-Harris Administration Announces New Measures to Curb De Minimis Shipment Abuses

By tightening de minimis rules, the Biden-Harris Administration is reiterating its commitment to protecting American jobs and industries from unfair competition.

The European Central Bank Cuts Lending Interest Rate to 3.5%
12Sep

The European Central Bank Cuts Lending Interest Rate to 3.5%

Economists and policymakers will closely monitor the impact of this rate cut to assess whether it can provide the necessary boost to an economy that has shown slight recovery so far.