03 Jun Grain Farmers Besieged by Trade Threats, Unrelenting Rain There has never been a spring planting season like this one. Rivers topped their banks. Levees were breached. Fields filled with water and mud. And it kept raining. Read more...
03 Jun Blackstone Bets $18.7 Billion on Amazon Effect in Warehouse Deal The mall is now a warehouse, and Blackstone Group is betting $18.7 billion on the shift. That’s how much the alternative investment manager is paying for 179 million square feet of urban logistics properties — the warehouses used by Amazon and other retailers to fulfill orders from online shoppers. Read more...
03 Jun FedEx Shares Slide as China Opens Probe Over Huawei Deliveries FedEx Corp. shares dropped as investors assessed the impact of a Chinese probe that puts the delivery company in the middle of an escalating trade conflict with the U.S. Read more...
03 Jun Air Cargo Carriers Caught in Crossfire of US-China Trade War President Donald Trump’s intensifying trade war with China dented air cargo traffic even before FedEx Corp. got dragged into the brawl, as companies worldwide reconfigure their supply chains in the face of increasing tariffs. Read more...
03 Jun C.H. Robinson Acquires European Logistics Firm Dema Service C.H. Robinson has acquired Italian transportation company Dema Service S.p.A., according to a news release. Read more...
03 Jun Bendix Reaches Wingman Milestone Bendix Commercial Vehicle Systems has reached a 10-year milestone in collision-mitigation technology since the production of its Bendix Wingman ACB — Active Cruise with Braking in 2009. Read more...
03 Jun Trucking Industry Leaders React Cautiously to Trump Mexican Tariff Plan Economists and transportation experts warned that if tariffs against Mexico are enacted, consumers over several months would see price increases at grocery stores — especially on fruits and vegetables imported from Mexico — and suppliers would source those items from other countries. Read more...