Port of LA lengthens ‘unprecedented run’
The Port of Los Angeles continued its record-setting streak, posting the busiest April in its 114-year history.
Retailers double tech investments to make supply chains faster
During the pandemic, when many consumers opted to stay clear of physical stores, the importance of having a loyal customer base grew. And so, keeping customers engaged through rewards and highly personalized experiences was top of mind for many retailers.
Over 700 Barges Stuck in Mississippi River From Bridge Crack
A crack in a bridge over the Mississippi River has stranded more than 700 barges, cutting off the biggest route for U.S. agricultural exports when the critical waterway is at its busiest.
New Prologis report drives home the need for more warehouse space
The most recent edition of the Industrial Business Indicator (IBI), which was issued by San Francisco-based real estate investment trust company Prologis points to the need for more warehouse, due to various factors, including rising consumer confidence, retailers restocking inventories, and higher sales numbers.
‘Extraordinary market conditions’ bring Maersk a $2bn Q1 profit bonus
Maersk has recorded the best quarter in its history, reporting a net profit of $2.7bn for the first three months of the year, compared with $209m for Q1 20.
Hapag-Lloyd Reports $1.5 Billion Profit in First Quarter 2021
Germany container shipping company Hapag-Lloyd reported strong start to the year with a net profit of $1.45 billion in the first quarter.
This compares to a net profit in the first quarter of 2020 of $27 million for a 1423% increase.