DHL Group, the trading name of Deutsche Post AG, unveiled a new strategy aimed at increasing revenue by 50% by 2030 through various growth initiatives.
September 23, 2024Global Freight
DHL Lays Out Plan to Boost Revenue 50% by 2030
FedEx Cuts Forecast After Tough Quarter for Deliveries
FedEx Corp. cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.
September 19, 2024Amazon Launches AI Assistant to Help Online Merchants
Amazon.com Inc. is launching an artificially intelligent assistant designed to help online merchants manage their businesses.
September 19, 2024CVC Willing to Bump DB Schenker Bid After Losing to DSV
CVC Capital Partners signaled it’s willing to increase its 14 billion-euro ($15.6 billion) offer for Deutsche Bahn AG’s logistics unit after losing the bidding to Danish company DSV A/S.
September 18, 2024Amazon Boosts Warehouse Worker Pay by at Least $1.50 an Hour
Amazon.com Inc. is raising the pay of its hourly warehouse workers by at least $1.50 an hour and tacking on Prime memberships to their benefits package.
September 18, 2024Port Dockworkers Threaten to Strike Over Automation, Pay
About 45,000 dockworkers along the U.S. East and Gulf Coasts are threatening to strike on Oct. 1, a move that would shut down ports that handle about half the nation’s cargo from ships.
September 18, 2024Intel to Make Custom AI Chip for Amazon, Delay German Plant
Intel and Amazon’s AWS will co-invest in a custom semiconductor for artificial intelligence computing — what’s known as a fabric chip — in a “multiyear, multibillion-dollar framework.â€Â
September 17, 2024PepsiCo, Maersk, Others Team Up on Electric Truck Pilot
A high-powered coalition is spearheading efforts to electrify the Interstate 10 trucking corridor.
September 17, 2024After EVs, China’s CATL Seeks to Dominate Electric Trucks
CATL has in a short space of time become the world’s largest maker of electric car batteries. Now the Chinese company wants to dominate in trucks globally.
September 16, 2024DSV Buys DB Schenker for $15.9B, Creating Logistics Giant
DSV, founded by 10 Danish truckers in the 1970s, has grown through a string of acquisitions in the fragmented transport industry, including buying targets that were larger than itself.
September 13, 2024Follow Us
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