Category: Business

In a recent development, Unifor, Canada’s largest private sector union, has called for a strike against General Motors (GM) as the company refuses to meet their pattern agreement. Unifor National President Lana Payne expressed the union’s determination, stating, “This strike is about General Motors stubbornly refusing to meet the pattern agreement. The company knows our…

Global logistics leader C.H. Robinson has inaugurated a cutting-edge facility in Laredo, Texas, aimed at streamlining cross-border trade between the United States and Mexico. The state-of-the-art cross-dock facility, one of the largest in Laredo, comes at a time when global shippers are increasingly turning to nearshoring to strengthen their supply chains. The Port of Laredo,…

GXO Logistics, Inc. (NYSE: GXO), the foremost global contract logistics provider, and PFSweb, Inc. (Nasdaq: PFSW), a trailblazing tech-driven eCommerce fulfillment platform, have officially inked a groundbreaking deal. GXO is set to acquire PFSweb at $7.50 per share in cash, marking a significant equity valuation of approximately $181 million. With an enterprise value totaling $142…

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ATLANTA – UPS (NYSE: UPS) announced today that it has entered into an agreement to acquire MNX Global Logistics (MNX), a global time-critical logistics provider. Once completed, the acquisition will bring even more precision and capability to UPS customers in healthcare and related industries who rely upon time-sensitive, often life-impacting logistics solutions. “UPS already brings extensive…