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Government, Business, Logistics

Republicans Seek Broader Curbs on Exports of Chip Tools to China

A wafer is processed in a semiconductor manufacturing facility in Malta, N.Y. (Adam Glanzman/Bloomberg News) A wafer is processed in a semiconductor manufacturing facility in Malta, N.Y. (Adam Glanzman/Bloomberg News)

Two Republican lawmakers called for broader American restrictions on the sale of chip-making tools after the U.S. government placed several Chinese supercomputing firms on an export blacklist, saying even tougher rules are needed to prevent the People’s Liberation Army from using sensitive technologies.

Scott Lanman | Bloomberg News
April 15, 2021
Government, Business, Logistics

Fed Sees Supply Chain Issues Growing Despite Better US Outlook

Vehicles pass in front of the Federal Reserve building in Washington. (Al Drago/Bloomberg News) Vehicles pass in front of the Federal Reserve building in Washington. (Al Drago/Bloomberg News)

The Federal Reserve is seeing both labor and material shortages mounting across several sectors of the U.S. economy, which may have consumers paying even more for everything from fuel to new homes.

Payne Lubbers | Bloomberg News
April 15, 2021
Government, Business, Logistics

Historic Golf Course Closer to Becoming Trucking and Warehouse Facility

Calumet Country Club 127-acre Calumet Country Club (Calumet Country Club via Facebook)

A historic golf course in the Chicago suburbs is one step closer to becoming a trucking and logistics and warenhouse complex.

Dan Ronan | Associate News Editor
April 14, 2021
Government, Business, Logistics

Egypt Seizes Ever Given Pending $900 Million Compensation

The Ever Given containership along the Suez Canal in March Tug boats pull the Ever Given containership along the Suez Canal after being freed from the canal bank in Suez, Egypt, on March 29. (Islam Safwat/Bloomberg News)

Egypt seized the giant container vessel that blocked the Suez Canal last month as part of an effort to get more than $900 million in compensation.

April 14, 2021
Business, Logistics

Darrel Harris Named President of Yellow

YRC Freight truck YRC Freight is one of Yellow's four less-than-truckload brands. (Yellow Corp.)

Darrel Harris has been named president of Yellow Corp., six months after joining the Overland Park, Kan., company.

Dan Ronan | Associate News Editor
April 13, 2021
Government, Business, Technology, Logistics

Biden Reassures Chip Summit of Bipartisan Support for New Funds

President Joe Biden leads the CEO Summit on Semiconductor and Supply Chain Resilience President Joe Biden leads the virtual CEO Summit on Semiconductor and Supply Chain Resilience in the Roosevelt Room of the White House Monday. (Patrick Semansky/Associated Press)

President Joe Biden told companies vying with each other for a sharply constrained global supply of semiconductors that he has bipartisan support for government funding to address a shortage that has idled automakers worldwide.

April 12, 2021
Business, Logistics, Top 100, TCA

Covenant Realigns Top Management

Covenant truck Covenant Transport

Covenant Transportation Group Inc. is realigning its senior management team at its Chattanooga, Tenn., headquarters three years after making its biggest purchase in the company’s 35-year history.

April 12, 2021
Business, Technology, Logistics

Uber Sees Record Demand as Vaccinations Rise

Travelers look for an Uber ride at Los Angeles International Airport. Travelers Kerri Ann Salomon, left, and a friend arriving from New York City look for an Uber ride at Los Angeles International Airport. (Damian Dovarganes/Associated Press)

Uber is offering sign-up bonuses and other incentives for drivers as it faces record demand for rides and meal delivery.

Dee-Ann Durbin | Associated Press
April 12, 2021
Business, Technology, Logistics

MercuryGate Acquires Cheetah Software

MercuryGate International Inc. announced it acquired Cheetah Software Systems.

April 9, 2021
Business, Logistics, Top 50

Hapag-Lloyd CEO Says Ocean-Shipping Demand Staying ‘Very Strong’

A pair of shipping containers hang from a ship-to-shore crane while a Hapag-Lloyd ship is unloaded. Krisztian Bocsi/Bloomberg News

Robust demand for shipping goods across the world’s oceans shows no signs of slowing down, the chief executive of Germany’s largest container carrier said, signaling that elevated rates in the tight market for seaborne cargo may extend into the second half of the year.

Brendan Murray | Bloomberg News
April 9, 2021

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