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Target to Acquire Same-Day Delivery Platform

Target Corp. has agreed to acquire Shipt, Inc., an online same-day delivery platform, for $550 million in cash. Target will leverage its network of stores and Shipt's technology platform bring same-day delivery to shoppers nationwide.…

Deloitte: Global Optimism About Growth

As global economies grow in sync for the first time in a decade, optimism surpasses uncertainty among private companies when it comes to their expectations and investment plans, according to Deloitte. In fact, 89% of global private…

ISM: Economic Growth To Continue In 2018

Economic growth in the United States will continue in 2018, say the nation's purchasing and supply management executives. That's the finding of the December 2017 Semiannual Economic Forecast by the Institute for Supply Chain Management…

Truck Driver Turnover Rate Rose in Third Quarter

The turnover rate at large truckload fleets rose five percentage points in the third quarter to an annualized rate of 95%, according to American Trucking Associations Chief Economist Bob Costello. "Since bottoming out at the end of 2016,…

DHL Simplifies Air Freight Quotations

DHL Global Forwarding, the air and ocean freight arm of Deutsche Post DHL Group, has introduced a new online freight quotation and booking service for international air freight shipments. The new service creates customer quotations based…

ISM’s Non-Manufacturing Index at 57.4% in November

Economic activity in the non-manufacturing sector grew in November for the 95th consecutive month, say the nation’s purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business®. The report was issued by…

PMI at 58.2% in November as Manufacturing Stayed Strong

Economic activity in the manufacturing sector expanded in November, and the overall economy grew for the 102nd consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business. The report was…

Global Supply Chain Risk Falls for 3rd Straight Quarter

Political uncertainty and natural disasters across the world failed to increase global supply chain risk in the third quarter, according to the Chartered Institute of Procurement & Supply (CIPS) Risk Index. The CIPS Risk Index fell…

General Mills Joins Fight Against Deforestation

General Mills announced that it is joining other companies in an agreement to end deforestation. The joint Frameworks for Action, led by the World Cocoa Foundation, was announced at the UN Climate Change Conference (COP23) in Bonn,…

Belgian Post Office Buys E-Commerce Logistics Firm

bpost, Belgium's for-profit postal operator, has acquired logistics firm Radial after obtaining necessary approvals from regulatory authorities. The transaction was valued at $870 million. bpost said the acquisition of Radial, a provider…

Boeing: $730 Billion in Middle East Airplane Sales Ahead

Boeing forecasts that airlines in the Middle East will need 3,350 new airplanes over the next 20 years, valued at an estimated $730 billion. Boeing presented its 2017 Current Market Outlook (CMO) for the region during the Dubai Airshow.…

Last-Mile Electric Delivery Van Includes A Drone

Workhorse Group Inc. (NASDAQ: WKHS), a maker of electric commercial trucks, said customers will begin testing a new electric-powered delivery van that is equipped with a delivery drone. "The new N-Gen platform represents a new day for…

ISM: NMI at 60.1% in October, up from September

Economic activity in the non-manufacturing sector grew in October for the 94th consecutive month, say the nation's purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business. The NMI registered 60.1%, which…

Joint Rail Service Cuts Transcontinental Times By 48 Hours

CN and Norfolk Southern Corporation announced a new joint interline service initiative that reduces transit times by one to two days for carload traffic between Western Canada and NS destinations in the Eastern United States. This…

Chemical Activity Barometer Up After September Storms

The Chemical Activity Barometer, a leading economic indicator created by the American Chemistry Council, showed an increase over September's level. The CAB was up 0.2% on a three-month moving average (3MMA) basis and 0.7% on an…

Shortage of 50,000 Truck Drivers This Year

The trucking industry could be short 50,000 drivers by the end of 2017, according a report by American Trucking Associations Chief Economist Bob Costello. "In addition to the sheer lack of drivers, fleets are also suffering from a lack…

Fair Labor Standards Programs Accredited

The Fair Labor Association announced the accreditation of three social compliance programs developed by major apparel and footwear brands to uphold fair labor standards in their supply chains. The programs at adidas and Patagonia, both…

Drone Delivery Development Agreement

Drone Delivery Canada has signed an agreement with Wolseley Canada Inc. to collaborate on developing a drone delivery solution to expand Wolseley Canada's distribution capabilities. Development, prototyping and testing will focus on…

Oil and Gas Industry is Digitizing for Efficiency

As oil and gas executives shift from optimism about a rapid upturn in prices to a more cautious outlook, the need to reduce costs and find new efficiencies is likely to accelerate the industry’s use of digital technology. That’s the…