Chick-fil-A to build $50M distribution hub in West Texas
Chick-fil-A plans to invest $50 million to build a distribution center in Lubbock, Texas, as the restaurateur continues expanding its in-house logistics network. The post Chick-fil-A to build $50M distribution hub in West Texas appeared first on FreightWaves.
More in Logistics
OECD Forecasts 4.2% Inflation as War Hits Global Economy
For the U.S., the OECD expects inflation to jump to 4.2% this year, from 2.6% last year. Its price outlook is 1.2 percentage points higher than in December.
Imports fall 14.5% y/y at Port of Oakland
February import volumes fell by double digits at the Port of Oakland as export traffic led cargo activity. The post Imports fall 14.5% y/y at Port of Oakland appeared first on FreightWaves.
Meituan Expects Losses to Narrow as China Curbs Food Fight
Meituan expects losses per delivery order to start narrowing in the current quarter, as Chinese officials rein in its intense competition with Alibaba Group Holding Ltd. and JD.com Inc.
Prologis CEO Sees Prolonged AI, Data Center Tailwinds
Prologis CEO Dan Letter joins Bloomberg Businessweek Daily to discuss the state of global logistics and shipping as geopolitics and associated risk impacts the firm's customer base. However, Prologis is optimistic about its data center business. Letter says the company's strong relationship with hyperscalers is ongoing, bolstering "a fortress of a balance sheet" as Prologis continues to secure longer-term power capacity. Letter speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
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