Amazon.com CEO Jeff Bezos said in an interview at Recode’s 2016 Code Conference traditional parcel couriers like the U.S. Postal Service and UPS simply can’t provide all the last mile capacity the company needs, especially during peak shipping times.
UASC: Owners ‘generally supportive’ of merger discussions with Hapag-Lloyd
A combination of businesses between United Arab Shipping Co., which is jointly owned by the governments of six wealthy Middle Eastern nations, and Hapag-Lloyd of Germany has “strategic value,” and talks will continue, the ocean carrier said in a statem…
HMM reduces ownership stake of affiliates
As a result of a 7-to-1 share reduction for Hyundai Elevator, Hyundai Global and Hyundai Group Chairman Hyun Jeon-Eun, the Korea Development Bank will become the largest shareholder of struggling South Korean ocean carrier Hyundai Merchant Marine.
Commentary: Windmills, world trade and the environment
Given the tremendous environmental challenges the world faces, we need to develop a range of innovative environmental technologies, and break down barriers to trading them worldwide, according to U.S. Trade Representative Michael Froman.
U.S. trade deficit trending down
The United States trade deficit increased 5.3 percent ($1.9 billion) in April 2016 compared with March, but has shrunk 4.8 percent year-over-year during the first four months of the year.
Global food-import bill to tumble to 7-year low
The world’s food-import bill is set to drop below $1 trillion in 2016 due to declines in grain prices and lower freight rates that have more than compensated for increased imports, according to a report from the United Nations.
Power Edison looks to deliver batteries by truck, rail or barge
The Green Brook, New Jersey-based energy storage startup offers grid-scale lithium-ion battery systems encased in specialized shipping containers that can be stacked like Legos as a cheaper alternative to traditional power delivery models.
Executive Moves: SCCC, XPO Logistics and ICS
South Carolina Council on Competitiveness hires logistics industry director, while XPO Logistics appoints HR chief and ICS elects new chairman.
STUDY: CONSUMERS MORE TECH-SAVVY THAN RETAILERS
Think your low-tech parents are frustrating? What about the tech shortcomings of retailers? A new research study from Eckoh shows that tech-savvy consumers are increasingly aggravated by the lack of tech savvy and inconsistencies among multichannel ret…
TEVA COLLABORATES WITH GRAMMY NOMINEE JHENE AIKO
Teva®, a division of Deckers Brands, announces its first celebrity collaboration with GRAMMY nominated singer-songwriter Jhené Aiko. Teva x Jhené Aiko is built with the artist’s “free-spirited and daring soul” in mind and offers three new women’s styles that lend themselves to exploring and connecting with nature. Retail is $60. …
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