Even during the COVID-19 pandemic, the Defense Logistics Agency continues to execute its ongoing national security mission to support the military with repair parts, fuel, food and more.
Global container shipping lines have canceled more than 160 sailings over the past week as they try to maintain freight rates in the face of billions of dollars in potential losses driven by falling trade demand. The service cancellations have grown from 45 last week to 212, according to Copenhagen-based consulting firm Sea- Intelligence ApS, a trend indicating that the summer peak season could be largely muted and that the shipping lines that carry most of the world's...
DAT Solutions today announced that Schneider, one of the largest and most diversified providers of transportation and logistics services, has joined DATs pilot program to evaluate new technology and data that deliver faster, more accurate forecasts of truckload freight rates and market conditions.
FedEx Corp. (FDX) said Friday that, including the recent proposed debt offering, it expects to remain in compliance with its debt covenants, but indicated there was risk that it may need to amend the covenants if addtional financing is required and results deteriorate further. The package delivery service said that although it has seen increased demand for its FedEx Ground delivery service in the U.S., as shelter-in-place measures in response to the COVID-19 pandemic has boosted...
Dry Van business unit was part of the companys Truckload segment Roadrunner Transportation Systems, Inc. (RRTS), a leading asset-right transportation and asset-light logistics service provider, today announced the sale of a Dry Van business unit, Stagecoach Cartage and Distribution, LLC to J.H. Rose Logistics, LLC of Santa Teresa, New Mexico.
HANGZHOU, China, April 1, 2020 BEST INC. (BEST), a leading integrated smart supply chain solutions and logistics services provider in China, today announced the Company's plans to create over 40,000 jobs in China and Southeast Asia this year to meet current and anticipated demand recovery in supply chain and logistics services after the novel coronavirus outbreak, and to effectively adapt to the cont...
Banner Energy Services Corp (BANM) announced that it has entered into an agreement to sell its wholly owned subsidiary Banner Midstream Corp. to Ecoark Holdings, Inc.. Pursuant to the transaction, Ecoark (ZEST) will issue Banner Energy 8,945,205 shares of common stock and assume $11,161,710 of indebtedness of Banner Midstream.
Ecoark Holdings, Inc. (ZEST), announced that it has entered into a definitive agreement to purchase Banner Midstream Corp. from Banner Energy Services Corp.. The transaction includes the issuance of approximately 8.9 million shares of Ecoark (ZEST) common stock at $0.73 per share, or a 40% premium to Ecoarks March 27 closing share price of $0.52/share, to Banner Energy for the acquisition purchase in addit...
Warehouse operators across the U.S. are sanitizing workplaces, providing protective gear to workers and separating staff as they try to keep supply chains running while much of the country's economy shuts down amid the coronavirus pandemic. Some businesses, such as TJX Cos., the parent of discount retailer T.J. Maxx, have suspended distribution and fulfillment operations in pre-emptive actions aimed at containing the pandemic.
FORT LAUDERDALE, Fla. GAT completed the acquisition of five General Electric CF6-80C2B1F engines for part-out that will be immediately inducted for disassembly.
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