Transportation
Singapore, Hong Kong postpone launch of travel bubble as Covid cases rise
Singapore Airlines crew members and travelers at the transit hall of Changi Airport in Singapore on Jan. 14, 2021. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore and Hong Kong have once again pushed back the start date of a long-anticipated air travel bubble arrangement, the two cities announced Monday. The travel bubble, …
Adopting Zero-Emissions Emerging Transportation Technology
United Natural Foods, Inc (UNFI) has a plan to reduce its greenhouse gas emission footprint in California. The company is adding 53 all-electric transport refrigerated trail units (TRUs) to its fleet at the Riverside distribution center. Aside from being electric, the TRUs achieve zero-emission by using a high-efficiency refrigeration system that is powered by solar …
Germany’s move to EVs to affect thousands of workers, new study says
The underbody of an ID.3. electric vehicle being worked on at a Volkswagen facility in Dresden, Germany, on January 29, 2021. Matthias Rietschel | picture alliance | Getty Images The shift to electric vehicles could affect thousands of workers in Germany over the coming years, the Munich-based Ifo Institute said Thursday. The Ifo’s study, which …
Transportation Insight Provides Transportation Management Technology and Visibility to Death Wish Coffee Company
HICKORY, N.C., April 7, 2021 /PRNewswire/ — Transportation Insight, a North American leader in transportation management solutions, today announced a partnership with Death Wish Coffee Co. to provide technology-based management of truckload and less-than-truckload (LTL) transportation, financial settlement and freight claims in support of the coffee producer’s projections for 30 to 50 percent year-over-year growth. Death …
Suez Canal Opens, but Shipping Will Be Snarled for Months
The bridge of the oil tanker Navig8 Aronaldo erupted in cheers after Capt. Malik Naushad told his crew to prepare to weigh anchor midnight Tuesday and start their voyage out of the Suez Canal, where they had been stuck for six days by the grounding of the Ever Given. Back at the German offices of …
Goldman, Morgan Stanley Limit Losses With Fast Sale of Archegos Assets
Goldman Sachs Group Inc. and Morgan Stanley were quick to move large blocks of assets before other large banks that traded with Archegos Capital Management, as the scale of the hedge fund’s losses became apparent, according to people with knowledge of the transactions. The strategy helped limit the U.S. firms’ losses in last week’s epic …
Railroads Strike a $25 Billion Merger
Canadian Pacific Railway Ltd. agreed to acquire Kansas City Southern in a merger valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada. The companies said Sunday their boards agreed to a deal that values Kansas City at $275 a share in a combination of cash and …