Opinion by Vincent Clerc for CNN Business Perspectives Updated 1751 GMT (0151 HKT) December 16, 2021 CNN Editors’ note: Vincent Clerc is CEO of A.P. Moller-Maersk Ocean & Logistics. The opinions expressed in this commentary are his own. Almost everything you buy has traveled along some of the millions of miles of networks that make up...
PRESS RELEASE Acquisition underscores Redwood’s position as the innovative leader in the freight industry December 14, 2021 08:00 ET | Source: Redwood Logistics CHICAGO, Dec. 14, 2021 (GLOBE NEWSWIRE) — Redwood Logistics (Redwood), one of the fastest-growing supply chain and logistics companies in North America, announced a new strategic investment from AEA Investors (AEA), a leading global investment...
At around 12.00 EST, SEEKING ALPHA reports today: – Stocks are rallying again, led by tech today, as money moves back into risk. – The Nasdaq (COMP.IND) +2.8% leads the major averages. – Intel is popping on its plan to publicly list Mobileye. – Apple is gaining as it gets another $200 price target. It’s the megacap that has held...
December 6, 2021 by Choice Aviation Services0Air Cargo
PRESS RELEASE Knight-Swift Expands Its Less-Than-Truckload Footprint in 15 States Through the Acquisition of Midwest Motor Express December 06, 2021 09:00 AM Eastern Standard Time PHOENIX–(BUSINESS WIRE)–On Monday, December 6, 2021, Knight-Swift Transportation Holdings Inc. (NYSE: KNX) (“Knight-Swift,” the “Company,” “We,” or “Our”), through one of its wholly owned subsidiaries, acquired 100% of RAC...
BLOOMBERG reports: Goldman Sachs Group Inc. economists cut their forecasts for the U.S. economy this year and next after deciding the spread of the omicron strain of the coronavirus would exert a “modest downside” drag on growth. In a weekend report to clients, economist Joseph Briggs said Goldman Sachs now expects U.S. gross...
December 4, 2021 by Choice Aviation Services0Air Cargo
PitchBook’s Cameron Stanfill, CFA writes: VC-backed IPOs are booming, yet public performance this year is lagging Has 2021’s ramp-up in IPO activity been a rush to the exits prior to a change in the market cycle? Is it just the new normal? Time will tell, but one thing is certain: US VC-backed IPOs have broken all...
ZERO HEDGE writes: What a shitshow! It appears that the Hindenburg Omen struck again… (…) Omicron anxiety? Good news is bad news? Taper Tantrum? Technical Default fears? It was all going so well as long as ‘gurus’ could rely on The Fed do support the market with the promise of moar. But sometimes, things...
SUPPLY CHAIN DIVE reports… Dive Brief: – The Federal Trade Commission will order nine major retailers, wholesalers and CPGs to hand over data on supply chain challenges to “shed light on the causes behind ongoing supply chain disruptions,” the agency said Monday. – The nine companies are Amazon, Associated Wholesale Grocers, C&S Wholesale Grocers, Kraft...
November 24, 2021 by Choice Aviation Services0Air Cargo
Robert Jungblut, senior advisor air freight solutions for pharmaceuticals, writes: When I took this picture of the former Panalpina building at Amsterdam-Schiphol airport it was 2 months before my official retirement, 10 years after the inauguration of it in 2009. You can say the demolishing symbolizes the end of an era, as...
ZERO HEDGE writes: Listening to Biden’s press conference this afternoon discussing soaring gas prices and relentless inflation (Biden prudently pivoted by instead praising the surge in small business creation as if it has anything to do with vibrancy, while completely omitting that it was driven by millions hoping to take advantage of...
