NEWS

DSV A/S won approval to buy Deutsche Bahn AG’s logistics unit for €14.3 billion ($15.8 billion), overcoming resistance from German labor unions and late attempts by a rival bidder to derail the deal.

MSC Mediterranean Shipping Company SA’s Africa logistics unit will invest as much as €40 million ($43 million) in Namibia by 2030 to benefit from growing oil, gas and renewable energy developments.

Amazon has launched the beta version of its long-rumored online store designed to compete with discount e-commerce retailers such as Temu and Shein, featuring a selection of low-priced home goods, electronics and apparel, which are…

A coalition of cargo shippers is accepting bids from ocean carriers on a contract to transport their products on vessels powered by e-fuels, with a goal to reduce carbon emissions for primary propulsion systems by 90% over a three to five year agreement.

The Port of Long Beach moved nearly 1 million containers in October, beating a record set just two months ago.

Luxury German carmaker Porsche says that it’s facing a “severe supply shortage” for aluminum vehicle components, after a factory for a critical European supplier was recently flooded. 

Walmart is opening its logistics and fulfillment services to third-party sellers who are looking to fill orders from platforms outside the retailer’s own marketplace

Whirlpool is looking to cut costs and focus on selling blenders and coffee makers rather than the large items such as washing machines and refrigerators it is famous for, says The Wall Street Journal. 

The world’s major ocean container lines can’t get enough of big new ships — never mind the threat of severe overcapacity and a resulting downward pressure on freight rates. 

Amazon has been ramping up its delivery infrastructure in 2024, having already leased over 16 million square feet of new warehouse space so far this year.