XPO Logistics Inc. continued to implement its cost cutting plan at the former Con-way Inc., closing freight terminals in what it described as “remote” locations.
The Overland Park, Kan.-based less-than-truckload holding company more than doubled its full-year operating income in 2015, despite a $28.7 million settlement charge that resulted in a net loss for the fourth quarter.
The Danish supply chain specialist has begun a review of “synergies” and “redundancies” following the close of its $1.35 billion acquisition of struggling third-party logistics provider UTi Worldwide.
The logistics provider and container terminal operator primarily attributed the declines in revenues and EBIT to the economic crisis in Russia and the Ukraine, the slowdown in economic growth in China and ongoing restrictions in the area of infrastructure.
The Commerce Department has initiated antidumping and countervailing duty investigations into imports off-the-road tires from China, India and Sri Lanka.
Ocean vessels alone directly exported over 2.1 million metric tons of grain to international ports during the year, 80 percent more than the five-year average for the Lake Superior port.
Tradepoint Atlantic appoints manager of short-line railroad, while Breakthrough Fuel names VP of technology.
During the Democratic debate last night, the two presidential candidates decried the Trans-Pacific Partnership trade agreement for not protecting American workers from unfair foreign competition.
The trade ministers of Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam at a meeting in Auckland on Wednesday signed the Trans-Pacific Partnership agreement.
Gilbert “Gil” Ellzey Carmichael, who held presidential-appointed transportation administration posts in the 1970s, died Jan. 31 at his home in Meridian, Miss.
CSX Transportation, Norfolk Southern Railway and Canadian National Railway, along with a handful of passenger railroads, will need until 2020 to implement positive train control, according to the Federal Railroad Administration.
Meanwhile, the intermodal transportation management provider and truck brokerage says it has closed its Hub Group Trucking terminal serving the Los Angeles, Calif. market.
Former president Robert Bianco and COO Gary Kowalski of Con-way’s contract logistics subsidiary were let go recently as XPO looks to consolidate its leadership positions.
The 19,100-TEU containership CSCL Indian Ocean remains stuck on a sandbank in the River Elbe outside Germany’s Port of Hamburg after a failed rescue attempt at high tide earlier this afternoon.
The LTL carrier, lauded by analysts as a top performer, saw revenue and profit growth hit in the fourth quarter by a decline in fuel surcharges.
Net orders for North American Class 8 trucks in January dropped 48 percent year-over-year to 18,062 units, according to preliminary data from freight forecaster FTR Transportation Intelligence.
The asset-light trucking and third-party logistics company’s three operating segments all experienced year-over-year revenue declines in the fourth quarter of 2015.
Multiple strike actions called by both public and private sector unions in response to planned changes to labor and insurance rights, pensions and retirement ages are expected to begin today, according to Inchcape Shipping Services.
The merger of Dacotrans Sweden AB, GH Transport AB and Key Logistics AB into one single unit created a medium-sized freight forwarding and logistics business based in Gothenburg.
The Massachusetts Port Authority has promoted Lisa Wieland from acting port director to port director.
