SBB Cargo

American Eagle | June 08, 2020

American Eagle Outfitters accelerated its plans to open two third-party managed fulfillment hubs outside Boston and Atlanta in the first quarter, COO Michael Rempell told analysts on a Wednesday earnings call.The company fast-tracked the plan as e-commerce orders increased after it closed all stores in mid-March. Though total revenue decreased 38% year over year in the quarter (ending May 2), online orders increased 33%, with much of the boost coming in April. "We had planned to do th...

Transportation

Business Wire | October 30, 2023

UPS announced today that it has entered into an agreement to acquire Happy Returns from PayPal (NASDAQ: PYPL). Happy Returns is a U.S.-based software and reverse logistics company that enables frictionless, no-box, no-label returns for merchants and consumers. “We know that returns have long frustrated shoppers and retailers looking for quick and easy solutions,”...

Saur Energy International | March 23, 2020

MNRE has directed its implementing agencies to treat delay on account of disruption of the supply chains due to the spread of coronavirus as Force Majeure. The Ministry of New and Renewable Energy (MNRE) has announced that all Renewable Energy implementing agencies of the MNRE have been directed to treat delay on account of disruption of the supply chains due to the spread of coronavirus in China or any other country, as Force Majeure. In its notice, the ministry has revealed that the by way of ...

Financial Post | February 26, 2020

Decades of globalization have created supply chains so deeply interconnected that a shock event like the coronavirus is now harder to control and could have a dramatic ripple effect on global commerce, economists are warning. “We tend to think about the economy as countries selling to countries. But the reality of business today is that companies get their parts from other companies, and sell to consumers or again to other companies, through a network of complex, deeply integrated global s...