Cargo Connexion Oy

UPS | August 20, 2020

A combination of tight capacity and rising volume means logistics costs will continue to "improve" in UPS' favor, according to a research note from UBS, penned after a meeting between analysts at the bank and UPS' investor relations team."UPS is transitioning to a slower pace of capacity addition in 2021 and we believe broader package industry capacity expansion is also likely to be modest," the research note reads. "Assuming a backdrop of economic growth i...

LOGISTICS

PS Logistics | March 02, 2021

A Birmingham 100 firm has another acquisition under its belt. Flatbed transportation organization PS Holdco LLC, otherwise called PS Logistics, has purchased all substantial transportation resources of Shoals, Indiana-based Jason Jones Trucking Inc. (JJT). JJT will keep on working under the Jason Jones Trucking brand name. Financial terms of the deal were not disclosed. “JJT brings great freight synergies to both our companies as well as our cus...

Walmart | September 16, 2020

Walmart is partnering with Schneider Electric to make renewable energy more accessible to suppliers. This move is part of the retailer's Project Gigaton effort to reduce it's supply chain emissions by one billion metric tons by 2030. The initiative with Schneider Electric's Energy & Sustainability Services, titled Gigaton PPA (power purchase agreements), seeks to educate suppliers on their renewable energy options and help them through conversion — a process Walmart's S...

TRANSPORTATION

SECURITY SCORECARD | March 11, 2022

SecurityScorecard, the global leader in cybersecurity ratings, announced a partnership with the Maritime Transportation System Information Sharing and Analysis Center (MTS-ISAC). This partnership will enable MTS-ISAC to increase security and resiliency through complimentary access to the SecurityScorecard platform. This will enable MTS-ISAC to monitor its own organizations, as well as the vendors and counterparties it leverages to run its respective businesses. This partnership will also serve t...