STG has filed for Chapter 11 bankruptcy, a move the company says will reset its balance sheet. This financial restructuring aims to reduce debt obligations. The filing signals a strategic effort to st
by Hapag-Lloyd Subsidiary Gains Full Control of Florida Terminal
Hapag-Lloyd’s terminal operating division has secured full ownership of the Florida International Terminal, located at Port Everglades. This strategic acquisition consolidates the shipping giant’s pre
by Update: Sendle, ACI Logistix and FirstMile parent Fast Group to close
Title: E-commerce Logistics Parent Fast Group Announces Closure
Update: Sendle, ACI Logistix and FirstMile parent Fast Group to close Fast Group, the parent company overseeing e-commerce shipping prov
by UPS Continues Network Optimization with Facility Adjustments
UPS is implementing significant operational adjustments at four of its facilities, which will involve either closures or reductions in activity. This strategic move forms a key part of the logistics c
by FedEx Expands BMW Partnership Amid Strategic B2B Push
FedEx has expanded its engagement with luxury automaker BMW, a development highlighting the carrier’s strategic focus on growing its business-to-business (B2B) operations. This move signals an intensi
by Update: Volvo to open $37.7M regional distribution hub in Washington state
Title: Volvo Establishes Major Distribution Hub in Washington State
Update: Volvo to open $37.7M regional distribution hub in Washington state Volvo, a prominent truck manufacturer, is investing $37.7
by LTL Sector Adapts Capacity Amidst Market Uncertainty
US Less-Than-Truckload (LTL) carriers are strategically managing their capacity in response to a dynamic market. This proactive approach comes as demand conditions show no immediate signs of improveme
by Logistics Sector Navigates Record Warehouse Vacancies Amidst Evolving Demand
The warehousing sector currently faces a notable paradox: vacancy rates have reached unprecedented levels, yet a significant demand persists for larger facilities. This unusual market dynamic signals
by Evergreen Boosts Container Fleet with $174 Million Investment
Taiwanese shipping giant Evergreen is set to significantly enhance its operational capacity with a substantial investment in new equipment. The carrier announced plans to allocate $174 million towards
by Domestic Intermodal Poised for 2026 Gains, Awaits Truckload Rebound
Domestic intermodal is poised for significant operational enhancements beginning in 2026. The sector anticipates a boost from new service lanes and improved speeds. While these factors are expected to