Logistics Report: Three Hours of Panic on the Red Sea; Target’s Supply Chain on Track

Service-sector development within the U.S. slowed barely in February. (MarketWatch)

New U.S. manufacturing unit orders slipped 0.8% in January, excluding risky transportation orders. (MarketWatch)

China set an official development goal of 5% for its financial system this 12 months. (WSJ)

Tesla halted manufacturing at its plant outdoors Berlin after what police mentioned was a suspected arson assault. (WSJ)

Commercial truck maker Traton’s annual revenue rose 16.2% to $50.9 million final 12 months on an 11% acquire in gross sales. (WSJ)

General Motors will spend $23 million so as to add robotics and different automation know-how to its Charlotte, N.C., elements warehouse. (Charlotte Observer)

Ceva Logistics withdrew from the bidding for U.Ok. operator Wincanton. (Motor Transport)

Chinese electric-vehicle large BYD plans to extend its fleet of automobile carriers to eight vessels inside two years to spice up its export capability. (Nikkei Asia)

Ocean provider Mitsui O.S.Ok. and insurer Allianz are suing Volkswagen over the hearth that broken the Felicity Ace automobile provider. (Bloomberg) 

German grocery store chain Lidl will begin providing logistics companies along with the container delivery enterprise it began final 12 months. (ShippingWatch)

Less-than-truckload carriers Old Dominion Freight Line and Saia each noticed every day cargo development speed up in February. (Dow Jones Newswires)

Lufthansa plans to renew negotiations subsequent week with the union that has repeatedly struck at cargo operations. (The Loadstar)

Hong Kong-based Kerry Logistics acquired French freight forwarder Business By Air. (Air Cargo News)

IMC Logistics is buying fellow port trucker American Pacific Transportation. (Commercial Carrier Journal) 

Source: createsend.com