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FREIGHTWAVES reports: Third-party logistics provider Flexport, flush with fresh investor funding, has tentatively ordered two large autonomous cargo jets with a 100-ton payload from startup aircraft manufacturer Natilus, part of a strategic effort to enhance customer service by directly controlling more transport capacity. San Diego-based Natilus on Wednesday announced $6 billion in advance...


CNBC reports: U.S. stocks fell on Thursday as investors’ renewed optimism on big tech names, driven by a slew of strong earnings, took a turn down after Facebook-parent Meta Platforms reported disappointing quarterly results. Losses deepened by the afternoon, with the Nasdaq Composite falling 3.7% to 13,878.82 for its worst day since September...


REUTERS reports: – Chairman Antonio Horta-Osorio apologies for personal actions – Quits within one year after taking charge – Bank appoints former UBS executive Axel Lehmann as chairman – Credit Suisse announced big revamp in November Credit Suisse Chairman Antonio Horta-Osorio has quit following an internal probe into his personal conduct, including breaches of COVID-19 rules,...


TRANSPORT INTELLIGENCE‘s Thomas Cullen writes: The United States Government has embarked on an apparently huge programme of infrastructure investment and logistics infrastructure is high on the list of targets for expenditure. It is now attempting to implement some of the ideas for investment. American President Joe Biden’s fiscal policies may be controversial in the...


REUTERS reports:  Amazon.com Inc and Stellantis NV (STLA.MI) said Wednesday they will collaborate to develop cars and trucks with Amazon software in the dashboards, and deploy electric vans made by Stellantis on Amazon’s delivery network. The agreements expand Amazon’s efforts to get a bigger foothold in the transportation industry, and could help Stellantis close the gap...


PRESS RELEASE  BOLLORÉ HAS RECEIVED AN OFFER FROM MSC FOR THE PURCHASE OF BOLLORÉ AFRICA LOGISTICS. BOLLORÉ HAS GRANTED AN EXCLUSIVITY TO THE OFFEROR The Bolloré Group announces that it has received an offer from the MSC Group, a major player in container transport and logistics, to acquire 100% of Bolloré Africa Logistics, comprising all of the...


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