GE Appliances injects $150M into domestic sourcing efforts
The manufacturer signed contracts with 22 suppliers across 10 states to supply materials and components for its laundry factory in Louisville, Kentucky.
The manufacturer signed contracts with 22 suppliers across 10 states to supply materials and components for its laundry factory in Louisville, Kentucky.
While the IMO’s decision to postpone global decarbonization measures for a year will create challenges, several qualifying bids from ocean carriers have been received by the ZEMBA alliance.
Rick Cotton is set to retire in January 2026 after more than eight years at the helm of the agency overseeing the two states’ major transportation and trade assets.
Eli Glickman’s buyout proposal first surfaced in Israeli media reports back in August, with his offer said to be around $20 per share, which would value Zim at $2.4 billion.
The retailer is on pace to cut 15% of its SKUs by the end of 2025 while upgrading demand planning, allocation and replenishment.
While liners will remain in the black this year, the growing capacity overhang and weak demand expectations will undermine rate-increasing efforts through 2026, analysts say.
Employers’ previous assumptions about how easily essential workers can be hired or replaced have become increasingly unreliable, according to a Josh Bersin report.
The Postal Service wants to accelerate growth in package shipping amid forecasted declines in its international business and other segments.
The retailer’s CFO said it’s unclear if the tailwind will persist in Q4 amid a volatile ocean market.
Projected global growth of grid-scale installations over the next five years indicates cargo volumes will rise dramatically with the continued investment in solar and wind energy.