News Articles
Macy's postpones its complete third-quarter report due to a delivery accounting issue.
Macy's Inc. is delaying its Q3 earnings report due to an investigation into accounting irregularities, where an employee concealed $132 million to $154 million in delivery expenses. Although the inacc
Read MoreJan Kleine-Lasthues departs from Hellmann after spending 13 years there.
Jan Kleine-Lasthues, COO of Airfreight at Hellmann Worldwide Logistics, is departing the company after nearly 13 years to pursue a new opportunity. He expressed gratitude towards his team, partners, c
Read MoreA DHL aircraft collided with a residence close to an airport in Lithuania, resulting in one fatality.
A DHL flight operated by Swift Airline crashed into a house while approaching Vilnius Airport on November 25, 2024, resulting in one fatality and three injuries among the crew. The Boeing 737-400, whi
Read MoreFedEx has introduced a direct flight service connecting Guangzhou and Bengaluru.
FedEx has initiated a strategic expansion to improve South India's connectivity for imports from the Asia-Pacific and enhance exports to Europe and the USA. The new direct flight service from Guangzho
Read MoreThe Governor of New Jersey describes New York City's congestion pricing initiative as an 'unjust hardship.'
New Jersey Governor Phil Murphy is opposing New York City's congestion pricing plan, deeming it unfair to New Jersey commuters. The Metropolitan Transportation Authority (MTA) has received federal app
Read MoreAccording to CBRE, third-party logistics providers are at the forefront of bulk industrial leasing.
A recent CBRE report highlights the growing influence of third-party logistics (3PL) providers in bulk industrial leasing, with their share increasing to 34.1% in 2024, up from 30.6% the previous year
Read MoreDB Schenker utilizes forklifts that are operated remotely.
DB Schenker is implementing remote-operated forklifts at its logistics site in Kassel, Germany, allowing drivers to control multiple vehicles from a distance using the enabl platform. This innovation,
Read MoreWikstrom has been named the Chief Financial Officer of APM Terminals.
Peter Wikström will become the Chief Financial Officer of APM Terminals on January 1, 2025. He previously served as Head of Mergers & Acquisitions at Maersk, where he was instrumental in key acquisiti
Read MoreConcerns about tariffs are affecting the pricing of construction materials.
Construction input prices increased by 0.3% in October, primarily due to rising energy costs, although they remain 0.2% lower than a year ago. Despite a slight rise in some material prices, overall in
Read MoreTarget faces challenges in Q3 due to supply chain issues.
In Q3, Target faced unexpected supply chain costs that impacted its financial performance, as noted by CEO Brian Cornell. The retailer experienced pressure from digital fulfillment and supply chain ex
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