|
OPEC trimmed its forecast for global oil demand this year as soaring energy prices crimp purchasing. (WSJ)
Electronics conglomerate Toshiba plans to split into three companies in response to shareholder pressure for a more focused structure. (WSJ)
GoPro has been slashing its inventory levels as it adjusts its business model. (WSJ)
PepsiCo and Mars say big changes in supply chains and procurement are needed to meet environmental goals. (Yahoo Finance)
Getting goods to supply-challenged stores by Christmas is turning into a last-minute logistics battle. (NPR)
Soaring freight costs are eroding profits at smaller online merchants. (The Information)
Japan’s Isuzu Motors will start mass producing electric commercial trucks next year. (Nikkei Asia)
U.K. industrial company Johnson Matthey will stop producing chemicals for batteries used in electric cars. (Financial Times)
Trans-Pacific container lines are starting to remove premium fees and other charges as they lower freight rates. (The Loadstar)
Los Angeles and Long Beach port terminal operators want to double the fee for daytime truck moves to push more nighttime moves. (Journal of Commerce)
New queuing rules will push vessels waiting for berths at the Southern California ports some 150 miles offshore. (Dow Jones Newswires)
Product tanker operator Hafnia acquired Chemical Tankers and its 32 vessels in an all-stock transaction. (Lloyd’s List)
New York-listed ship owner Global Ship Lease quadrupled its third-quarter profit. (TradeWinds)
Union Pacific says congestion in its international intermodal network out of Southern California is easing. (Trains)
Jury awards against trucking companies in lawsuits over crashes are soaring and driving up insurance costs. (Commercial Carrier Journal)
Passenger airlines in a survey say they expect air cargo volumes to keep rising over the next year from already-elevated levels. (Dow Jones Newswires)
German e-commerce fulfillment technology startup Hive raised $34 million in a funding round that includes Tiger Global Management. (TechCrunch)
|