Tag: Freight Transport/Logistics

Macy’s new marketplace could bolster calls to separate its e-commerce business, one analyst says

Macy’s Inc. talked up the launch of a new marketplace as a way to further build out its merchandise assortment and e-commerce business, but GlobalData says a new marketplace could doom the department-store retailer’s traditional business. Macy’s M, -1.73% announced plans to launch a curated digital marketplace alongside third-quarter profit that soared past expectations. The […]

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Wind blade maker TPI Composites stock tumbles after UBS warns investors to sell ahead of earnings

Shares of TPI Composites Inc. tumbled to a 13-month low Friday, after UBS analyst Jon Windham warned clients to sell ahead of earnings, citing increasing risk that continued supply chain and logistics challenges will lead to disappointing earnings, for the rest of this year and for 2022. The stock TPIC, -9.89% fell 9.9% to $29.53, […]

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Freight bellwether J.B. Hunt expects strong shipping demand to extend into 2022

Freight bellwether J.B. Hunt Transport Services Inc. expects bottlenecks at West Coast ports to intensify heading into the holidays, with congestion continuing to snarl labor-strapped logistics networks and strong shipping demand extending into 2022. “While peak season is upon us, we believe the bottlenecks on the West Coast are going to compact and even intensify […]

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A California investment firm went from near ruin to managing over $100 billion: Its turnaround may offer solutions to the ‘Great Resignation’

An earlier version of this article included the incorrect year of death of one of WCM’s key partners. The error has been fixed. The story also clarifies details related to the company’s late-1990s buyout when it had $200 million in assets under management. Portfolio managers Peter Hunkel, Paul Black, Mike Trigg, and Sanjay Ayer of […]

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