A bill being considered in Congress would require the Pentagon to report on the dangers of Chinese control over global logistics networks that could impact US military supplies. The Senate Armed Services Committee has expressed concern over China's increasing ownership and operations of major logistics hubs, posing a

ERI, a nationwide electronics reuse and recycling company, plans to increase its electronics processing capacity by 30% through facility realignment and expansion. The company will close its smallest facility in Colorado and open three larger ones in 2024. ERI's CEO, John Shegerian, highlighted that the expansion is driven

Buyers are being warned of potential disruptions to logistics and trade talks ahead of the Christmas season due to political disturbances in the US. The recent government shutdown and ousting of Speaker Kevin McCarthy have left spending agreements and trade talks uncertain. The UK's desired trade agreement with

Target's Chief Supply Chain and Logistics Officer, Gretchen McCarthy, discussed the company's supply chain strategies at the Council of Supply Chain Management Professionals (CSCMP) EDGE conference. McCarthy highlighted Target's $7 billion investment in optimizing in-store operations and expanding fulfillment options. She also discussed Target&

Singapore Post Limited (SingPost) has partnered with global fashion and lifestyle marketplace SHEIN to provide end-to-end eCommerce logistics services in Singapore. The collaboration will allow SHEIN to improve its fulfillment operations and customer responsiveness. SingPost will offer customs clearance, last mile fulfillment, and returns management services, including doorstep and out-of-home

Supply chain leaders face challenges in meeting evolving consumer expectations for convenience and efficient delivery. Modern consumers expect a unified experience across online and in-person shopping, with options for rapid fulfillment like in-store pickup and home delivery. Cloud-based software and systems are needed to enable fulfillment orchestration across a network.

FM Global Logistics Bhd expects a delay in earnings recovery for the first half of its 2024 financial year due to a slowdown in trade activity. RHB Research's economics unit predicts that Malaysia's trade performance will take longer to recover, potentially affecting FM Global Logistics'

CBRE has announced that Fabuwood Cabinetry has leased 197,072 sq. ft. at the Linden Logistics Center in New Jersey. CBRE is the exclusive leasing agent for the master-planned industrial park, which offers a total of 1.1 million sq. ft. of space. The park is strategically located near NYC,

Lineage Logistics has acquired eight cold storage facilities from Burris Logistics, expanding its network and providing customers with greater access to cold storage solutions. The acquisition adds nearly 1.3 million square feet of capacity and 115,000 pallet positions to Lineage's warehousing network. This is Lineage'

Australian transport logistics software group WiseTech Global has acquired Matchbox Exchange, a shipping container optimisation platform. WiseTech aims to become the preferred operating system for global logistics and sees the acquisition as a way to expand its SaaS offering for logistics companies. Matchbox Exchange operates in 10 countries and helps

The US federal government narrowly avoided a shutdown on Saturday, providing relief to business leaders who were concerned about supply disruptions. Republican and Democrat divisions over spending bills have caused recent obstacles, but a funding bill was signed into law by President Joe Biden before the deadline. The shutdown would

The U.S. Special Operations Command is seeking information from potential industry sources for future support similar to services provided under the current Special Operations Forces Global Logistics Support Services contract. The program executive office for special operations forces support activity will hold installation tours and briefings to provide participants

Pharma Logistics, a provider of pharmaceutical reverse distribution services, has secured a $45 million contract with the Department of Defense (DoD) to provide services to all branches of the military worldwide. The 5-year agreement highlights Pharma Logistics' ability to deliver cost savings and regulatory compliance to the DoD, with

Global logistics company Scan Global Logistics (SGL) continues its acquisition spree, adding defense and military logistics expert FLS in Portugal to its portfolio. SGL has acquired several companies over the past six months and plans for more acquisitions in the future. Additionally, SGL is committed to organic growth by opening

Logistics leader GXO Logistics is partnering with Blue Yonder to enhance inventory management and accelerate start-ups. GXO will deploy a new supply chain software solution powered by Blue Yonder for its GXO Direct shared warehousing solution in the US. The software will enable customers to add custom features and capabilities

Analysts believe the US is entering a manufacturing supercycle, with investment dollars flowing into US manufacturers after years of underinvestment. The pandemic highlighted the risks of long global supply chains, prompting companies to rethink their manufacturing locations and consider reshoring to America. The US government's funding bills, including

GXO Logistics, Inc. (NYSE:GXO) is currently slightly overvalued according to a stock analysis. The analysis used a Discounted Cash Flow (DCF) model to estimate the stock's intrinsic value based on future cash flows. The two-stage DCF model considered a higher growth period followed by steady growth. The

Red Cross volunteers and other community members are working to provide three meals a day at local shelters. Tom Holowach, a volunteer in Oahu, shares his experience at a shelter in South Maui, where they are caring for a group of 50 Tongan survivors. The Red Cross has contracted with

AD Ports Group, based in Abu Dhabi, has acquired finished vehicle logistics operator Sesé Auto Logistics through its subsidiary Noatum. The €81m ($85.75m) deal is expected to close in Q1 2024 and is part of AD Ports' strategy to expand into 3PL activities, particularly in the automotive sector.

Covenant Logistics Group, Inc. will release its second quarter earnings on October 25, 2023, and hold a conference call the following day to discuss the results. The company offers transportation and logistics services in the United States. Its stock is traded on the NASDAQ Global Select market under the symbol

Arrive Logistics, a leading transportation and technology company based in Austin, Texas, is expanding into Canada with an office in Toronto. The company aims to provide localized service to Canadian customers and increase its presence in the country. This expansion follows the opening of five new office locations within the

Amazon Air is planning to shut down its airfreight facility at Leipzig/Halle Airport in Germany this year, citing a tough year for air cargo demand globally. The closure date has not yet been announced. However, Amazon stated that it will continue its operations across Europe, including the use of

The Virginia Inland Port Logistics Center in Front Royal, Virginia, has been sold by Equus Capital Partners to SL Industrial Partners for $38.2 million. The 339,450-square-foot distribution center is fully leased to Iron Mountain Inc. and includes various features such as clear heights, loading dock doors, and parking

Dallas-based logistics companies Worldwide Express, GlobalTranz, and Unishippers have announced a collaboration called WWEX Group. The companies, which merged through an acquisition strategy and integration effort, now represent the second-largest privately-held logistics company in the US. Under the WWEX umbrella, they will still operate as separate brands but will be

WISeKey International Holding Ltd has entered into a strategic partnership with WISeSAT, FOSSA Systems, and BA Lab to develop a satellite track and trace solution for the logistics industry. The partnership aims to address the industry's demand for transparency, efficiency, and security in managing goods and transportation. WISeKey