Japanese shipping container conglomerate buys CAI International for $1.1 billion
Mitsubishi HC Capital now leases out 3.3 million TEUs of containers as maritime industry struggles with shortage of available units.
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Ben Ames
Ben Ames has spent 20 years as a journalist since starting out as a daily newspaper reporter in Pennsylvania in 1995. From 1999 forward, he has focused on business and technology reporting for a number of trade journals, beginning when he joined Design News and Modern Materials Handling magazines. Ames is author of the trail guide "Hiking Massachusetts" and is a graduate of the Columbia School of Journalism.
ARTICLES
KeepTruckin gains $190 million VC funding for fleet management tech
Valuation makes startup the latest logistics “unicorn” valued over $1 billion as company sees fast growth from pandemic-accelerated digital transformation trend.
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USPS plan would slow package delivery for long-distance hauls
If approved, service would carry more packages by truck instead of plane, changing three-day delivery plan to a two-to-five day window.
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FedEx expands testing of autonomous carts for parcel delivery
Multi-year pilot will deploy self-driving vehicles in Houston in pursuit of better e-commerce productivity.
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Cybersecurity
Supply chains wake up to growing cyberthreat
As logistics-sector companies go increasingly digital, they face a rising threat from hackers and ransomware attacks. But experts say there are steps they can take to minimize the risk.
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Crowley Maritime joins effort to reveal ship recycling policies
Florida firm is first U.S. company to join Ship Recycling Transparency Initiative.
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White House report lists steps to strengthen critical supply chains
Study addresses semiconductors, batteries, minerals, and pharmaceuticals, but impacts could stretch through early every sector, analysts say.
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Amazon ends marijuana testing for new hires in effort to keep DC jobs filled
Truck drivers will still have to comply with FMCSA regulations, but retailer sweetens compensation for most fulfillment positions.
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Postal Service plans to hike first stamp price from 55 to 58 cents
DeJoy says 6.8% rate increase is a necessary step in 10-year plan to overhaul federal agency.
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E2Open lays down $1.7 billion to buy BluJay Solutions
Combination of cloud-based supply chain software platforms boosts freight visibility in new sectors and geographies, E2Open says.
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