Logistics

Key takeaways: Alibaba-backed Cainiao is paying $217.9 million for 30% of Baozun’s Baotong warehouse and fulfillment subsidiary Deal shows how Baozun remains dependent on Alibaba, despite ongoing attempts to diversify its customer base By Mia Shanley With China tech under intense regulatory...

There are over 60 container ships full of import cargo stuck offshore of Los Angeles and Long Beach, but there are more than double that — 154 as of Friday — waiting to load export cargo off Shanghai and Ningbo in China, according to eeSea, a company that analyzes carrier schedules. The number of...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. One of the main challenges with drug delivery and the overall effectiveness of the drugs is first-pass metabolism/excretion Lexaria...

The hole that FedEx Corp. finds itself in is, in some respects, not of its own digging. It can't force people to accept job offers, nor can it control the wages its competitors are willing to pay. It can't stop or slow the unprecedented surge in parcel-delivery volumes that have pulled forward...

One of the unfortunate realities of the warehousing industry is that it isn't particularly safe. Of the 2.8 million nonfatal workplace injuries and illnesses in 2019, approximately 8% came from the warehousing industry, with injuries occurring at a rate of 4.8 for every 100 full-time workers....

Logistics real estate investment trust Prologis Inc. announced Thursday it was expanding its training program aimed at tackling the growing need for logistics workers. Through its Community Workforce Initiative (CWI), the San Francisco-based industrial warehouse operator is adding six locations to...

On Tuesday, parcel delivery company FedEx Corporation (NYSE: FDX) reported a decline in quarterly profit along with cutting its earnings outlook due to higher costs and labor shortages. Upon the news, its shares declined more than 4% in after-hours trading. Figures For the quarter that ended in...

To view more FreightWaves infographics, click here. Image by John R Perry from Pixabay

Third-party logistics company PLS Logistics Services announced it has acquired freight broker D&L Transport. Overland Park, Kansas-based D&L Transport has a network of more than 15,000 motor carriers, brokering loads in modes like truckload, less-than-truckload, heavy haul and intermodal....

Last month, FedEx (NYSE: FDX), Walmart (NYSE: WMT), XPO (NYSE: XPO), Amazon (NASDAQ: AMZN), Instacart, and U.S. military veterans came together to form the FRONTdoor Collective (FDC), a network of franchised delivery service partners (DSPs) to help businesses manage the growing demand for last-mile...

To view more FreightWaves infographics, click here. Image by PublicDomainPictures from Pixabay

Jokr, the 15-minute grocery delivery firm that launched in June in three New York City boroughs, is expanding to three additional locations. The company on Tuesday announced it will begin servicing the Upper West Side, the Upper East Side, and the financial district. Jokr previously served only...

With a goal of building the world’s most connected and intelligent freight platform, Transfix is set to go public with a SPAC deal announced Tuesday. The SPAC Deal: Transfix will go public via a SPAC merger with G Squared Ascend I (NYSE: GSQD). The deal values Transfix at a pro forma...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Save Foods (NASDAQ: SVFD), an agri-food-tech company focused on developing and selling eco-friendly products specifically designed to...

Surge Transportation is the fastest growing 3PL in the logistics space today. Based in Chicago and Jacksonville, they offer unrestricted access to almost all accounts, limitless territory, and a chance to be a key player in a growing company.  To find out more email [email protected]...