U.S. imports fell 2.3% in February even as retail inventories jumped 0.8%. (MarketWatch)
A measure of U.S. consumer confidence increased slightly this month. (MarketWatch)
Electric vehicle startup Lucid Group plans to lay off about 1,300 employees, or 18% of its workforce. (WSJ)
Apple introduced a buy now, pay later service in the U.S. (WSJ)
Same-store sales at Walgreens increased 3.3% last quarter. (WSJ)
Pitney Bowes says overall U.S. parcel volumes contracted 2.2% last year while the sector’s revenues expanded 6.5% over 2021. (Supply Chain Dive)
Royal Mail management is threatening to take the operator into the U.K. version of bankruptcy as talks with unionized workers on the brink of collapse. (The Guardian)
The growing orderbook for methanol-capable ships signals growing acceptance of the fuel in the maritime sector. (Lloyd’s List)
Chevron is ordering up to six new liquefied natural gas carriers. (TradeWinds)
The Poseidon Acquisition consortium completed its $10.9 billion buyout of Seaspan parent Atlas. (Splash 247)
Canadian National is developing a multimodal transload facility in Calgary, Alberta, aimed at trans-Pacific trade. (Railway Age)
Yusen Logistics workers in the U.K. staged a strike in a dispute over pay. (Motor Transport)
Startup Venti Technologies raised $29 million in a Series A funding round backing its technology for automated vehicles in logistics operations. (TechCrunch)
Norway’s largest pension fund wants to change the makeup of A.P. Moller-Maersk’s board and amend the shipping company’s management salary and bonus program. (ShippingWatch)
|