News
Maersk Slashes 1,000 Staff as Slumping Freight Rates Sink Earnings
3+ hour, 34+ min ago (732+ words) Maersk is cutting about 1,000 jobs, or nearly 17 percent of its roughly 6,000 corporate positions, as the ocean carrier prepares for a further freight rate slump and possible ripple effects of a broader Red Sea return. The headcount reduction will cut corporate…...
Diesel Debuts First Luggage Collection
3+ day, 6+ hour ago (231+ words) Diesel wants a piece of the jet-set lifestyle. The OTB Group-owned brand launched its first luggage collection under the creative direction of Glenn Martens, marking the brand's entry into a new category. The collection was developed in collaboration with Canton…...
Tariff Ticker: One-Third of Supply Chain Managers Report Layoffs Due to Duties, Supreme Court Decision Delayed
2+ week, 2+ day ago (764+ words) Nearly one-third of supply chain companies are culling their ranks amid protracted tariff uncertainty and rising costs. According to newly released data from the Association for Supply Chain Management (ASCM) and CNBC, 32 percent of managers within the sector reported that…...
STG Logistics Enters Chapter 11, Says Operations Will Continue Uninterrupted
3+ week, 1+ day ago (689+ words) Intermodal logistics services provider STG Logistics has filed for Chapter 11 bankruptcy to restructure the company and reduce debts by nearly $1 billion. Filed in a New Jersey bankruptcy court, the "port-to-door" cargo hauling and transloading company entered into restructuring support agreement…...
Logistics Giants Expand Mexico Ops as Cross-Border Trade Volumes Climb
3+ week, 6+ day ago (695+ words) As Mexico's status as the top trade partner of the U.S. holds firm amid 2025's shifts in American trade policy, more global logistics firms are lining up to expand their presence to capitalize on the growing movement of goods between the…...
DOT Pulls $160M in Funds From California Over Failure to Rescind CDLs
4+ week, 3+ hour ago (530+ words) The Department of Transportation (DOT) said it is withholding nearly $160 million in federal funding from California, following through on its repeated pressures on the state for failing to revoke 17,400 non-domiciled commercial driver's licenses (CDLs) by Jan. 5. On Dec. 30, California pushed…...
USPS Moves to Remove Unvetted Drivers From Contracted Trucking Fleet
4+ week, 1+ day ago (652+ words) The U.S. Postal Service (USPS) is working with its contracted trucking providers to phase out unvetted non-domiciled commercial driver's licenses (CDLs) to reduce the risk of trucking-related safety incidents. The agency's decision aligns with the Trump administration's national crackdown on trucking…...
Another Carrier Joins Bed Bath & Beyond’s Growing FMC Docket
4+ week, 2+ day ago (725+ words) While Bed Bath & Beyond charts a comeback under new leadership, its former corporate shell lobbed yet another damages claim against an ocean carrier for allegedly failing to meet service commitments during the Covid-19 pandemic. In a complaint filed with the…...
DHL’s Tesla EV Pilot ‘Exceeded Expectations,’ Paving Way for Expansion
1+ mon, 5+ day ago (689+ words) DHL Supply Chain unveiled its first Tesla Semi truck earlier this month, a year after completing its first successful pilot, as the contract logistics provider continues to scale its North American electric vehicle fleet. The company says it now operates…...
Year in Review: Five Logistics Tech Funding Rounds to Take Note Of
1+ mon, 6+ day ago (1434+ words) Artificial intelligence seems to be built into every startup pitching itself to investors and clients today." But some companies have already managed to convince investors that the technology they're selling can make a real impact, thus scoring millions on millions…...