Biden team amps up chip-crisis response with Raimondo summit
Commerce Secretary Gina Raimondo plans a summit with companies impacted by the global semiconductor shortage, including the largest chip manufacturers and U.S. automakers, according to…
Lufthansa working with banks on $3.7 billion capital increase
Deutsche Lufthansa AG is working with banks on a plan to raise around 3 billion euros ($3.7 billion) in equity to help repay last year’s…
Arvato Supply Chain Solutions offers storage capabilities for cell & gene therapies
Arvato Supply Chain Solutions, a leading supply chain service provider and among others market leader in Europe for integrated order-to-cash solutions for the Healthcare industry,…
Plus, a global provider of self-driving truck technology, to become publicly listed through business combination with Hennessy Capital Investment Corp. V
Plus (formerly Plus.ai) (the “Company”), a global provider of self-driving truck technology, announced it has entered into a definitive business combination agreement with Hennessy Capital…
O’Connor appointed Executive VP Strategic Development at Crane Worldwide Logistics
Crane Worldwide Logistics continues to strengthen its core leadership with the appointment of John O’Connor as Executive Vice President, Strategic Development. In this newly created…
February 2021 weather triggers largest monthly decline in US natural gas production
In February 2021, a record-breaking cold snap hit the Lower 48 states. Extreme winter weather caused natural gas production freeze-offs and higher electricity and commodity…
IndiGo to raise $409 million in strategy reversal on virus surge
IndiGo, one of Asia’s biggest budget airlines, plans to raise 30 billion rupees ($409 million) by selling shares as a worsening spike in Covid-19 infections…
Descartes acquires Portrix Logistics software
Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired Portrix Logistics Software (Portrix), a leading provider of…
Rising rollover rates show worsening maritime supply chain delays
Last month’s rollover rates published by project44, the global leader in advanced visibility for shippers and logistics service providers, indicate that maritime supply chain woes…
cargo-partner acquires Repalog in Germany
As part of its ongoing growth in the e-commerce sector, the international transport and info-logistics provider has joined forces with the German fulfillment and last-mile…
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