According to the site's developers, the facility will feature over 110 trailer parking stalls, full drive-through circulation, and office space. Construction is expected to be completed by the end of this year. Stonemont Financial Group, an Atlanta-based private real estate investment firm specializing in industrial development, is the owner and operator of the project, which is being dubbed by its address: 2577 Forest Avenue.
Einride said Wednesday it plans to go public via a merger with a special purpose acquisition company, just six weeks after the Swedish electric and autonomous truck startup raised $100 million from investors. The SPAC merger with Legato Merger Corp. values Einride at $1.8 billion in pre-money equity, according to the companies. The deal is expected to generate about $219 million in gross proceeds, a figure that doesn't take into account any redemption of Legato's public shares.
Sea's operating expenses also jumped by 28%, as its e-commerce arm Shopee tries to strengthen its competitive edge of rivals like Alibaba's Lazada and ByteDance's TikTok Shop. A key focus was strengthening Sea's logistics arm: "We are making our buyers happier while reducing [delivery] costs," Forrest Li, the company's chairman and CEO, said during an earnings briefing. Li pointed to Taiwan, where buyers prefer to pick up goods themselves instead of home delivery.
The United Arab Emirates (UAE) has taken a significant leap toward autonomous and sustainable transportation with the launch of the nation's first commercial fleet of self-driving electric trucks. The milestone, realised through a partnership between Evocargo, a developer of autonomous logistics solutions, and RAK Ceramics, one of the world's leading manufacturers of ceramics and sanitaryware, signals how automation, artificial intelligence (AI), and sustainability are converging to reshape the region's logistics sector.
Satisfactory should be a boring game because, at its core, it's really about logistics. You'll manage power usage, conveyor belt and production speeds, rail stops, and more. But instead, it's a compelling, tactile game that, yes, asks you to do all of that, but puts you in the middle of the factory in a first-person perspective. Once you build a factory line, you can walk along and see every step of it close up, and even grab a piece off of the production lines.
Although they are the visiting team in both cases, against the Steelers in Dublin and the Browns in London, the team's market research and branding efforts have indicated strong local support in both cities. Keisha Wyatt, the Vikings' director of international marketing, estimated that 40% of the crowd at Dublin's Croke Park and up to 60% at London's Tottenham Hotspur Stadium will be Vikings fans.
Amazon is reportedly developing a pair of augmented reality (AR) glasses that overlay digital information on the physical world, enabling users to see and interact with both the physical environment and the virtual world. Sources told The Information that Amazon plans to release the AR glasses, internally called Jayhawk, to the public in late 2026 or early 2027. Consumers can use the glasses to navigate the real world while also getting notified about what's happening on social media.
Since launching Flexport in 2013, Ryan Petersen has helped more than 10,000 companies move over $175 billion worth of goods worldwide, raising $2.3 billion and redefining how supply chains are managed in a volatile, tech-driven era. After stepping down as CEO in 2022, he returned less than a year later to steady the ship and chart its next phase of growth.
Twenty years ago this August, Hurricane Katrina devastated the Gulf Coast. More than 1,300 lives were lost. It destroyed homes, displaced families, and overwhelmed many of the institutions that undergird civil society. It was also a wake-up call that reshaped how the country responds to natural disasters. Over the past two decades, we've made real progress. Government agencies, nonprofits, businesses, and community organizations have built stronger systems to prepare before disaster strikes.
The order states that the de minimis exemption will no longer apply 'regardless of value, country of origin, mode of transportation or method of entry' meaning all shipments will be subject to 'all applicable duties, taxes, fees, exactions and charges'.
The right choice of shipping service can significantly impact the condition of beverages upon arrival, particularly for small-batch distillers and wine merchants.
During the pilot, the Tesla Semi was used for active freight delivery, including routes over the Altamont Pass. thyssenkrupp evaluated the vehicle's ability to reduce downtime, enhance delivery speed, and offer greater real-time supply chain visibility.
During the pandemic, the store-based fulfillment model, a prime example of "omnichannel fulfillment," went mainstream, promising faster, cheaper delivery by using local stores to fulfill online orders.
Fred Smith, founder of FedEx, risked his last $5,000 at a Las Vegas blackjack table to keep the company afloat in its early days, showcasing bold leadership and decision-making that characterized his career.
The facility now has storage capacity for approximately 1 million coffee bags and the ability to process and handle more than 2.5 million bags annually - doubling its previous processing capacity and increasing shipping capabilities by approximately 50%.