Europe’s new customs system for cargo, called Import Control System 2 (ICS2), is now in force, but confusion over its rollout is creating headaches for UK freight and logistics businesses. What’s Related ICS2 became mandatory for several EU member states on January 1, including Ireland, Spain, France, Italy, Lithuania, Hungary, Finland, Greece, and Bulgaria. The […]
Körber said it has signed an agreement to acquire a majority stake in Stellium, a supply chain consulting firm based in Houston. Under the plan, Stellium will become part of a new company called Körber Stellium once the deal closes. What’s Related Stellium works with SAP tools to help companies run their supply chains and manufacturing. […]
CMA CGM and infrastructure investment firm Stonepeak have formed a new joint venture that brings a major portfolio of port and terminal assets under a single platform called United Ports LLC. What’s Related Under the agreement, Stonepeak will invest $2.4 billion for a minority stake in the venture, while CMA CGM will continue to operate […]
Maersk has opened a new ground freight facility in Fontana, expanding its trucking and distribution operations in Southern California. The new 165,000-square-foot hub, located in the Inland Empire, is designed to speed up regional freight and provide customers more reliable options for moving goods in and out of the area. Maersk says the site can […]
For most e-commerce brands, Q1 is an important time to reset and realign goals for the year ahead. In addition to evaluating holiday sales, auditing operational performance, calculating inventory, and reviewing all revenue and operational benchmarks from the prior year, organizations also assess their supply chain partners. What’s Related While it can be a time-intensive […]
Tesla said it will end production of its flagship Model S sedan and Model X SUV next quarter as it shifts its focus from traditional electric vehicles to robotics and autonomous tech. CEO Elon Musk announced the change on a recent earnings call, saying it’s time to move on from those models and repurpose the […]
Autonomous trucking startup Gatik says it has moved driverless freight out of pilot programs and into regular, revenue-generating operations. What’s Related The company is now operating fully autonomous freight routes with no driver or safety observer on board, completing daily deliveries for Fortune 50 retailers across multiple U.S. markets. Gatik says those operations are backed by […]
John Deere announced plans to open two new facilities, one in Indiana and one in North Carolina, creating hundreds of new jobs. What’s Related The company announced it will build a new distribution center near Hebron, Indiana, and a new excavator factory in Kernersville, North Carolina. Both facilities are expected to open within the next […]
A German industrial manufacturer is opening a new factory in Auburn, Alabama, with a $34 million investment. What’s Related Governor Kay Ivey announced that KettenWulf, a family-owned company that makes industrial chains and sprockets, will build a new manufacturing operation in Auburn. The facility will serve customers across the U.S. and the Americas. KettenWulf has […]
Corning plans to expand fiber-optic cable manufacturing in North Carolina after signing a multi-year supply agreement with Meta worth up to $6 billion.The deal is expected to support a 15-20 percent increase in jobs at Corning’s facilities in the state, according to the companies. What’s Related Under the agreement, Corning will supply fiber-optic cables used […]
