A trucking strategy that boomed during pandemic shocks is hot again

Containers are loaded from freight trains onto trucks.  Picture Alliance | Picture Alliance | Getty Images A logistics strategy called transloading, used by trucking companies during the pandemic to ease the container backlog, is increasing in popularity again after U.S. West Coast ports have started to receive higher volumes of containers that are being diverted … Read more

Anthropic lining up a new slate of investors, ruled out Saudi Arabia

Jakub Porzycki | Nurphoto | Getty Images Deep-pocketed, sovereign wealth funds are among the investors clamoring to get a stake in Anthropic, the red-hot artificial intelligence startup that’s taking on OpenAI. One country that’s being left out: Saudi Arabia. As bankers line up a group of potential new Anthropic backers, the company has ruled out … Read more

Sam Altman’s Reddit stake worth over $600 million after NYSE debut

Reddit mascot Snoo is seen on the floor of the New York Stock Exchange (NYSE) as Reddit begins trading in New York on March 21, 2024.  Timothy A. Clary | AFP | Getty Images OpenAI CEO Sam Altman says he has no equity in the $80 billion artificial intelligence startup he co-founded in 2015. His … Read more

Amazon and other retailers hit by refund fraud costing them billions

A UPS seasonal worker delivers packages on Cyber Monday in New York on Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images Just before midnight on May 4, 2023, police were called to an Amazon warehouse in Chattanooga, Tennessee, to investigate a reported theft.  They were met by a loss prevention employee, who directed … Read more

Strikes at East Coast, Gulf ports are rising as a supply chain risk

The potential for a strike by the largest union of maritime workers in North America, the International Longshoremen’s Association, is beginning to rise on the list of concerns among logistics decision-makers and advisors in a year already fraught with a multitude of trade uncertainties. Red Sea diversions and Panama Canal drought restrictions are already influencing … Read more

A successful Reddit IPO would be bad news for the bull market

There’s nothing like a moribund IPO market to create a pleasant backdrop for a bull run. We’ve had some small biotech deals and the usual SPAC junk. But nothing big, seemingly for ages. Until Reddit. Its initial public offering — which will probably come at a $7 billion valuation and an odd price tag of … Read more

Uber Eats to begin self-driving robot deliveries in Japan

Uber announced Tuesday that its Uber Eats business is partnering with Mitsubishi Electric and delivery robotics company Cartken to begin transporting food using self-driving robots in Japan. The sidewalk robot deliveries are set to start by the end of March in a select area of Tokyo, according to the companies. Uber Eats said Japan will … Read more

Uber stock pops more than 10% on $7 billion share buyback

Dara Khosrowshahi, chief executive officer of Uber Technologies speaks on a webcast during the company’s initial public offering on the floor of the New York Stock Exchange, May 10, 2019. Michael Nagle | Bloomberg | Getty Images Uber‘s stock spiked more than 10% Wednesday morning after the ride-sharing company announced it will buy back up … Read more

Lyft Q4 earnings report

Air travelers walk toward a Lyft pickup area at Los Angeles International Airport in Los Angeles on Aug. 20, 2020. Mario Tama | Getty Images Lyft shares initially soared in extended trading on Tuesday but pulled way back after the company’s finance chief acknowledged on an earnings call that the release included a major error. … Read more

Uber earnings Q4 2023

Uber CEO Dara Khosrowshahi looks on during the APEC CEO Summit at Moscone West on November 15, 2023 in San Francisco, California. Justin Sullivan | Getty Images Uber reported fourth-quarter results Wednesday that beat analysts’ estimates on top and bottom lines. Shares fell more than 1% in premarket trading. Here’s how the company did: Earnings per share: 66 cents vs. … Read more