|
A Federal Reserve report says the U.S. economic recovery slowed over the summer on the impact of Covid resurgence linked to the Delta variant. (WSJ)
Demand for workers in the U.S. remained strong but leveled off due to an easing of job openings for in-person services work. (WSJ)
China's car sales declined for the third straight month in August. (MarketWatch)
The Covax international vaccine distribution program cut its forecast for deliveries to the developing world this year by about 25%. (Financial Times)
The U.S. Postal Service plans to hire 40,000 seasonal workers ahead of the holidays. (Dow Jones Newswires)
Luxury-goods buying club Beauty Pie raised $100 million in a funding round to back expansion that will include new warehouses. (TechCrunch)
Canada’s Enbridge will take control of one of the largest U.S. crude export terminals with the $3 billion acquisition of Moda Midstream. (Lloyd’s List)
Ship owner Euroseas struck a deal to charter a smaller container ship for a record $200,000 a day. (gCaptain)
Pacific Northwest ports are seeing backups in container shipping from vessels on the water to inland distribution networks. (KOMO)
The Port of Portland is gaining new shipping services four years after container lines left the Oregon port. (Journal of Commerce)
Oregon’s small Coos Bay port plans to build a full-size container terminal. (Maritime Executive)
A.P. Moller-Maersk invested an undisclosed sum in bio-methanol supplier WasteFuel. (S&P Global Platts)
Bimco’s Peter Sand is moving to Norway-based ocean freight analysis firm Xeneta as chief shipping analyst. (ShippingWatch)
Second-quarter revenue at supply-chain technology provider Descartes rose 25% to $104.6 million and net profit more than doubled to $23.2 million. (Dow Jones Newswires)
Amazon plans to open a 1 million-square-foot distribution center in Delta Township, Mich. (Lansing State Journal)
Freight forwarder DSV is ditching the Panalpina name. (The Loadstar)
|