The Latest Breaking News from Supply chain

United Parcel Service, Inc.(NYSE:UPS) reported first-quarter FY22 revenue growth of 6.4% year-over-year to $24.4 billion, beating the consensus of $23.79 billion. U.S. Domestic Segment revenue increased by 8% Y/Y to $15.12 billion, driven by a 9.5% increase in revenue per piece. The adjusted operating margin was 11.3%, up by 83 bps.…

Entegris, Inc (NASDAQ:ENTG) reported first-quarter FY22 sales growth of 27% year-on-year to $649.6 million, beating the consensus of $640.9 million. Revenue from Specialty Chemicals and Engineered Materials segment rose 17.9% Y/Y to $196.4 million; Microcontamination Control expanded 28.7% Y/Y to $266.6 million; Advanced Materials Handling improved 33.4% Y/Y to $198.1 million. Margins: The adjusted…

Lucid Green — the intelligent UPC platform transforming the entire cannabis supply chain — has announced its $10 million Series B funding round led by Gron Ventures, with participation by Gotham Green Partners.

The Russia-Ukraine crisis is continuing to affect the fortunes of automakers in more than one way. Alongside severely impairing the supply chain, the geopolitical tension is also seen casting a cloud on logistics.

Given the deepening supply chain crisis, the heightened need for transportation services and consequent rise in shipping rates should benefit companies in this space. The Dow Jones Transportation Average gained marginally over the past week compared to the Dow Jones Industrial Average’s 2.7% loss. So, prominent transportation stocks in the…

Business & Investing: Fear returns to markets as investors turn bearish, and Kiwi dollar at three-month low against US dollar

Ryder System, Inc. (NYSE:R) opened a third multiclient omnichannel distribution center in Columbus, Ohio. The center is ~440,000 square feet and is the largest Ryder e-commerce distribution center in the Columbus area. "This latest expansion aligns with our broader strategy to get ever-closer to the end consumer to continually improve our customers'…

VerifyMe Inc (NASDAQ:VRME) acquired the assets of PeriShip, LLC in a transaction worth $10.5 million. The consideration consisted of $7.5 million cash, $1.0 million in VerifyMe shares, and a $2.0 million promissory note. PeriShip is a value-added service provider of shipping and logistics management for the perishable healthcare and food industries. PeriShip was…

Lennox International Inc (NYSE:LII) reported first-quarter FY22 revenue growth of 9% year-on-year to $1.01 billion, beating the consensus of $961.61 million. Revenue in the Residential Heating & Cooling business segment increased 13% Y/Y to $682 million, Commercial Heating & Cooling business declined 6% to $188 million, and the Refrigeration business jumped 15% to…

One day at a time, Huel is working to overcome exploitation further up the supply chain, while making clothes that last – which is why each of its garments is backed by a five-year guarantee

A sharp drop in graphic chip prices could presage an unexpectedly quick ending to a global chip crunch that has crippled manufacturing from smartphones to cars, and the issue will be a central one for companies reporting results this week. As Intel, Qualcomm and others report, investors will weigh how…