Daily Infographic: SONAR Finserv Infographic

Contract logistics provider GXO Logistics Inc. (NYSE: GXO) said Thursday it has made a $965 million, or $7.65 per share, all-cash offer for U.K. logistics firm Wincanton, topping by 26% an offer made earlier this week by French logistics rival Ceva Logistics. The latest step in the bidding war involving one of the U.K.’s largest…

Everyone knew the container shipping boom would end — it was a one-off spike driven by a pandemic and government stimulus, not a permanent change in fundamentals. But no one knew how container shipping markets would play out after the boom. The consensus soon after the market peaked was that consumer demand would sink after…

A 72-year-old Clermont, Florida, man faces multiple charges, including a felony charge, after authorities say he shot a Walmart delivery drone that he said was flying over his house. Dennis Winn’s mugshot was posted to Facebook by the Lake County Sheriff’s Office on Thursday. (Photo: Lake County Sheriff’s Office) According to an arrest affidavit, Lake…

A South Carolina shipping company has filed a federal lawsuit after a runaway cargo ship caused over $500,000 worth of property damage. Carver Maritime, a shipping company in Charleston specializing in bulk and breakbulk cargo, filed suit this week against the owners and managers of MSC Michigan VII, a container ship that lost control on…

By Ossa Fisher Every day, countless drivers face a critical danger that often goes unnoticed: the peril of being roadside on the highway. When you pull over to the side of the road, other vehicles drive by – often over the speed limit and without moving to an adjacent lane – and put you at…

California’s independent contractor law, AB5, has been upheld unanimously by an 11-member panel of the the 9th U.S. Circuit Court of Appeals, the second time in recent months the law has been victorious in federal courts. The case known as Olson, after the lead named plaintiff, Uber driver Lydia Olson, was filed in 2019 by…