Today’s Pickup: Port of Los Angeles delay ‘worse than it was earlier this year,’ shipper says
Even the Port’s director agrees something needs to be done; East Coast port notches new record; ATA crows about California victory.
Even the Port’s director agrees something needs to be done; East Coast port notches new record; ATA crows about California victory.
Keynotes will include Gary Vaynerchuk, David Rowan, Andrew Clarke, Shelley Simpson, and Brad Jacobs.
Labor continues to rumble in warehousing sector; Autonomous truck demos one thing, but roadworthy vehicle is another.
A number of analysts have stepped forward and issued counterarguments to a negative report on Thursday about XPO, and the company itself has announced a share buyback program.
XPO Logistics has disputed the content of a report from Spruce Point Capital Management, a noted short-seller of stocks, that claims XPO has “perpetuated a massive financial scheme on the public.”
Shares fall sharply amid possible downward earnings revision for ‘19
After an unprecedented acquisition spree, XPO Logistics focused on IT. Here, robots move smartphones in an XPO facility.
As far as investors are concerned, the trade war is effectively back on.
Company faces backlash over allegations of poor treatment of workers in Memphis.
XPO Logistics is rolling out four new LTL optimization technologies and has announced a fast-track and free process for military members and veterans to receive their CDL.
XPO stock dragged down by soft Q3 results, M&A impatience.
XPO to roll out suite of I.T. improvements for LTL unit.
The new tool will allow machine learning to accept and interpret counteroffers from carriers, and decide if they’re too high or just right.
Rating agency Moody’s Investors Service said it upgraded its ratings on about $3.2 billion debt issued by XPO Logistics, Inc., (NYSE: XPO) citing a “positive operating environment” in 2019 for transport and logistics companies, as well as XPO’s strong performance.
Also in the pickup: IMO meets with 2020 on the horizon; Rhine levels are causing plants to shut down; C.R. England and its charitable cause
The plant at the heart of the story was acquired by XPO a few years ago. The company reportedly was stunned by the allegations in the article.
West Coast ports post strongest volumes ever; Norfolk Southern is moving to Atlanta; flatbed tender rejections stay down; expect electric trucks in 2020; pregnant XPO Logistics warehouse workers suffer miscarriages; E2open buys Inttra; Iraq produces more oil but can’t rebuild.
XPO Logistics was named to the Fortune Future 50 list of U.S. public companies while KeepTruckin and Transfix were both honored by Forbes as two companies likely to achieve unicorn status.
Differences remain in what is best path for drivers to follow, but all agree that port congestion is a problem that needs fixing.
Additional robotic deployment comes as XPO readies for seasonal rush.