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“#ABC Carpet customers are fuming over undelivered goods” ABC Carpet & Home is struggling to recover from the pandemic, with customers claiming they shelled out cash for orders that never arrived and its landlord crying foul as its Manhattan flagship falls deeper behind on rent, The Post has learned. Annette Gallo purchased a $6,000 sectional…
“#Amazon warehouse workers slam phone ban after tornado deaths” Amazon workers are slamming the company’s ban on cellphones in work areas after a deadly tornado flattened an Illinois warehouse and killed at least six employees. The Jeff Bezos-owned company currently bans workers from using their phones on warehouse floors except during emergencies. The company, which…
“#Uber to buy shipping logistics firm Transplace for $2.25B” Ride-sharing company Uber on Thursday announced that its trucking business will acquire transportation logistics company Transplace for $2.25 billion. Uber Freight will acquire Transplace from TPG Capital, the private equity platform of alternative asset firm TPG. Shares of Uber fell slightly on the news in early…
“#Ever Given released by Egypt months after blocking Suez Canal” The massive container ship that blocked the Suez Canal for nearly a week this year sailed again Wednesday following a multimillion-dollar deal inked between its owners and Egyptian authorities for its release. A witness on board a tug boat saw the Ever Given start to…
“#Thousands of Tonka trucks stuck in China as shipping crisis deepens” A toy shortage is threatening the US holiday sales season — and retailers can thank a stubborn lack of shipping containers needed to bring them home from China. Some 50,000 Tonka truck toys are stranded in Shenzhen, China, just north of Hong Kong, where…
“#Deutsche Bank poised to reap windfall on risky cargo bet: report” Deutsche Bank’s risky investment in a distressed cargo-shipping company is poised to reap a $1 billion windfall for the scandal-ridden financial giant, according to a report. The fat profit – equal to a quarter of the bank’s 2020 investment banking earnings – is a…
“#Sri Lanka seeks initial $40M from cargo ship’s operator” Sri Lanka is seeking an interim claim of $40 million from the operator of a fire-ravaged cargo ship to cover part of the cost of fighting the blaze, officials said Saturday. Sri Lanka’s attorney general has sent the claim to lawyers representing X-Press Feeders, the ship’s…
“#Bubble tea shortage hits US, could last for several months” Bubble tea is following in the footsteps of garden gnomes, ketchup and toilet paper. That’s right, there’s another shortage in the US. Bubble tea, a drink that includes a layer of tapioca balls, or boba, at the bottom, originated in Taiwan but has become a popular drink around the world. However, companies are…
“#Egypt seizes Ever Given, demands $900M payment” Egypt has impounded the Ever Given — the massive container ship that blocked the Suez Canal and disrupted global commerce for days — while officials negotiate a hefty compensation payment with the boat’s owner, reports say. An Egyptian court allowed the Suez Canal Authority to seize the ship…
“#Suez Canal traffic jam eases further after ship unblocked” The maritime traffic jam on both ends of the Suez Canal eased further on Friday, four days after the dislodging of a massive containership that had blocked the waterway, a canal services firm said. On Monday, salvage teams freed the skyscraper-sized Ever Given, ending a crisis…