HBC Transportation, Inc.

SUPPLY CHAIN

Beacon | October 04, 2021

Beacon, the digital supply chain and freight platform, has raised over $50 million in its Series B round, led by Northstar.vc. Upper90 also participated as a new investor. The fresh capital will be used to grow the team, continue the development of Beacon's technology and expand into new markets. Since completing its Series A in early 2020, Beacon has experienced hyper growth as a result of surging customer demand. Revenue has grown 12x in the last 12 months, while the team ha...

Supply Chain Dive | January 27, 2020

The ocean freight contracting season is upon us, and carriers and shippers will soon head to the negotiating table to lock in annual rates. An X-factor this year could complicate matters: the International Maritime Organization's low-sulfur regulations, which required container lines to comply with a sulfur emissions limit of no more than 0.5% mass by mass starting Jan. 1. In turn, refiners had to boost production of compliant fuels and shippers had to ready their budgets for freight price h...

Penn State News | March 22, 2020

With Gov. Tom Wolf’s order that all non-life-sustaining businesses in Pennsylvania close their physical locations, Penn State Transportation Services has announced that the following operational changes are now in effect and will continue until further notice: The Parking Office and Fleet Operations offices are closed. Customers with questions may reach staff by emailing parking@psu.edu or fleet@psu.edu. Fleet customers who need to fuel their vehicles may use their assigned fuel card at an...

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...