First-quarter operating profit at J.B. Hunt Transport Services soared 61% to $334.3 million as revenue jumped 33% to $3.49 billion on surging truckload and intermodal demand. (Dow Jones Newswires)
The U.S. Postal Service plans to slow delivery times for nearly a third of all first-class packages to cut costs. (WSJ)
Union organizers have won the right to hold an election at an Amazon delivery center in Bayonne, N.J. (WSJ)
U.K. metals tycoon Sanjeev Gupta secured $125 million in new financing for his steel-manufacturing operations in the U.S. (WSJ)
Johnson & Johnson will pay $99 million to settle a lawsuit in West Virginia that alleges the company helped fuel the state’s opioid crisis. (WSJ)
The Biden administration will require that steel and other material for U.S.-backed infrastructure be produced domestically. (Associated Press)
India suspended duties on cotton imports in response to skyrocketing raw material prices. (Sourcing Journal)
Retailer Lowe’s has expanded its logistics footprint and adjusted its home delivery service to adapt to pandemic-driven demand growth. (Supply Chain Dive)
Brick-and-mortar stores filled 95% of Target's physical and digital sales in 2021. (Inc.)
California ports are bracing for supply-chain “hiccups” as containers and ships back up at Chinese ports because of Covid lockdowns. (South China Morning Post)
Taiwan’s Yang Ming is ordering five mid-sized container ships to be powered by liquefied natural gas. (Maritime Executive)
The World Steel Association expects global steel demand growth to slow to 0.4% this year. (Lloyd’s List)
A bunker tanker with up to 1,000 metric tons of the fuel sank off the Tunisian coast. (Splash 247)
XPO Logistics is adding terminals in Adelanto, Calif., and Conley, Ga., under a plan to add 900 dock doors by the end of 2023. (Logistics Management)
DAT Solutions says contract rates for truckload van transport in the U.S. jumped to a record high in March. (Dow Jones Newswires)
Miami-based Global Crossing Airlines plans to operate up to 25 converted A321 freighters by the end of 2025. (Cargo Facts)
Startup Shipium raised $27.5 million in a Series A funding round backing its business building e-commerce software logistics tools. (TechCrunch)
Supply-chain backups are holding up delivery of alternative uniforms for Major League Baseball teams. (Promo Marketing)
|