News Articles
IMC Logistics has announced its decision to sell, according to the supply chain conglomerate.
Kuehne+Nagel plans to acquire a 51% stake in IMC Logistics to enhance its growth strategy for the decade. Following the transaction, IMC will maintain its operations while benefiting from increased re
Read MoreBest Buy anticipates that tariffs will lead to higher prices.
Best Buy anticipates that prices for U.S. consumers will rise if President-elect Donald Trump implements proposed tariff hikes. The company plans to adjust its inventory and pricing strategies in anti
Read MoreL'Oréal Group leads the initiative for a supplier decarbonization fund.
L'Oréal Groupe, in collaboration with Chenavari Investment Managers, recently launched the Solstice fund, aimed at assisting small and medium-sized enterprises in meeting scope 3 emissions commitments
Read MoreTrump appoints Peter Navarro as the chief trade advisor.
Donald Trump has appointed Peter Navarro, a former White House official, as his "Senior Counselor for Trade and Manufacturing." Navarro, who previously served as the director of the office of trade an
Read MorePackage delivery companies are ready for quicker deliveries during the busy holiday season.
In November, parcel delivery speeds improved by 27% year-over-year, with an average delivery time of 3.7 days, down from 4.1 days in the previous year, according to project44. This reflects operationa
Read MoreQatar Airways Cargo and Japan Airlines have signed a Memorandum of Understanding to enhance their collaboration.
Qatar Airways Cargo has signed a memorandum of understanding with Japan Airlines to enhance their partnership and improve cargo services. This agreement comes after Japan Airlines launched daily fligh
Read MoreWACO System has initiated a collaboration with cargo.one.
The WACO System, a network of freight forwarders, has partnered with cargo.one to enhance its members' digital capabilities. This initiative allows WACO members to streamline essential processes such
Read MoreThe Logistics Manager’s Index for November indicates ongoing growth, signifying steady expansion.
The Logistics Manager's Index (LMI) has shown consistent growth for 12 consecutive months, with a November 2024 score of 58.4, slightly down from October’s 58.9. This score reflects various components
Read MoreGXO Logistics' CEO, Wilson, is set to retire in 2025.
Malcolm Wilson, CEO of GXO Logistics Inc., announced his retirement planned for 2025 after leading the company since August 2021, during which time it expanded to 130,000 employees and over 200 millio
Read MoreThe services sector experienced growth for the fifth month in a row in November, according to a report from ISM.
In November, the services sector continued to grow for the fifth month in a row, with a Services PMI of 52.1, down 3.9% from October's 56.0. While 14 sectors reported growth, including healthcare and
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