Global Freight

About Global Freight News...
Business, Technology, Fuel, Logistics, Private, Global Freight

PepsiCo, Maersk, Others Team Up on Electric Truck Pilot

A high-powered coalition is spearheading efforts to electrify the Interstate 10 trucking corridor.

September 17, 2024
Business, Technology, Global Freight

After 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, 2024
Business, Logistics, Global Freight, Top 100, Top 50

DSV 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, 2024
Business, Technology, Logistics, Global Freight, Top 100, Top 50

Amazon to Boost Contract Driver Pay to Nearly $22 an Hour

Amazon.com Inc. plans to spend an additional $2.1 billion on its contract delivery program, including safety programs, training and additional pay for the contracting firms.

September 12, 2024
Business, Logistics, Global Freight

DSV Reported to Be in Advanced Talks to Buy DB Schenker

DSV A/S is in advanced talks to acquire Deutsche Bahn AG’s logistics unit DB Schenker in a $15.4 billion deal, people with knowledge of the matter said.

September 11, 2024
Government, Business, Logistics, For-Hire, Global Freight

USPS to End Discounts for Consolidators Including UPS, DHL

The U.S. Postal Service said Sept. 11 that it is ending discounts that shipping consolidators such as UPS and DHL use to get packages to the nation’s doorsteps.

September 11, 2024
Business, Logistics, Global Freight

MSC CEO Soren Toft Rules Out New Shipping Alliance

MSC Mediterranean Shipping Co. plans to brave volatile shipping markets on its own, ruling out a new alliance just months before its partnership with A.P. Moller-Maersk A/S ends.

September 10, 2024
Business, Logistics, Global Freight

CVC Presses Case for Schenker Bid to Deutsche Bahn Officials

CVC Capital Partners is pressing the case for its takeover bid for Deutsche Bahn AG’s logistics arm DB Schenker with a fresh appeal to top officials at the German state-owned transport group.

September 9, 2024
Government, Business, Logistics, Global Freight

US Port Talks Kick Off in Effort to Avoid Strike

The union representing East and Gulf coast dockworkers kicks off a two-day meeting Sept. 4 in New Jersey to discuss wage demands with port employers under the threat of a disruptive strike.

September 4, 2024
Business, Logistics, Global Freight

Container Carrier Profits Soar on Record Volumes, High Rates

The global container shipping industry saw profits surge to more than $10 billion in the second quarter on record volumes and rising freight rates after Red Sea diversions.

September 3, 2024