FedEx posts strong quarterly results
FedEx said strong cost controls drove its fiscal third-quarter results; its shares soared in late trading.
Wincanton board approves GXO’s competing buyout proposal
The board of UK logistics firm Wincanton has unanimously recommended GXO’s $965 million buyout offer.
GXO offers $965 million for UK logistics firm Wincanton
GXO’s offer to buy U.K. logistics firm Wincanton bests Ceva Logistics’ bid by 26%.
DHL moves Norfolk operations to larger facility
A new DHL facility in Norfolk, Virginia, will serve eastern Virginia and coastal North Carolina.
Norfolk Southern defends makeup of its board, mum on possible CEO change
Norfolk Southern’s board said it maintains an “ongoing process” of board refreshment.
Activist group wants former UPS exec Barber to run Norfolk Southern
Ancora Holdings Group proposes that a former top UPS executive become Norfolk Southern’s CEO.
GXO slightly beats fourth-quarter EPS guidance
Revenue strength will likely be a second-half story for GXO.
Deerfield, Chicago suburb, nixes warehouse development
Zoning changes banning logistics facilities in Deerfield, Illinois, are to take effect Feb. 20.
TFI beats earnings estimates, US LTL a work in progress
TFI International’s EPS in 2024 will be at least $7 a share, CEO Alain Bédard says
Robinson unwraps truckload appointment scheduling software
C.H. Robinson’s newly unveiled touchless appointments will automate manual scheduling tasks.
AIT closes on Lubbers acquisition
AIT’s acquisition of Lubbers Logistics Group adds 18 European offices to AIT’s 130-location global network.
Should UPS have been bigger as well as better?
Has UPS been ill-served by on-going cost-cutting?
Kenco to close facility in Indianapolis
Third-party logistics provider Kenco Logistic Services has announced it will close its Indianapolis facility and lay off 110 workers.
UPS to cut 12,000 jobs, may sell Coyote brokerage unit
Subpar 2023 results and uncertain 2024 guidance sent shares falling.
Mega-warehouse facility leasing slowed in 2023, CBRE says
Slow growth in mega-leases is expected to continue through 2024, CBRE said.
FedEx restores service guarantees on 2nd-day air morning service
FedEx and UPS reinstate money-back guarantees on second-day morning air service.
Cold chain tech provider Grip Shipping launches fulfillment service
Network for perishables e-commerce D2C segment to open in 4 states
At C.H. Robinson, it’s been a long, difficult trip
New CEO must reverse long-term stagnation in shareholder value.
C.H. Robinson creates office to implement strategic initiatives
C.H. Robinson’s newly created office to support its strategic initiatives is a key step in CEO Dave Bozeman’s plan to revive the struggling brokerage giant.
UPS to close daytime ground sort facility at Louisville hub
The Teamsters union doesn’t expect a major impact on employment levels from UPS’ closure of a Kentucky sort facility.