New Report Projects $1.1 Trillion Market for Global Logistics Services in 2022
Global spending on third-party logistics services is projected to top $1.1 trillion in 2022 from $802 billion in 2016, according to new estimates by Armstrong & Associates Inc.
October 11, 2017VW to Roll Out Electric Trucks, Buses in $1.7 Billion Project
Volkswagen AG is flanking its push into electric cars with plans to roll out battery-powered commercial vehicles targeted at urban areas as growing public concerns about air quality boost demand.
October 11, 2017VIDEO: XPO Logistics Rings the Opening Bell
Watch the No. 3 carrier in the for-hire TT100 ring the opening bell at the New York Stock Exchange.
October 11, 2017Iowa DOT Seeks Volunteers for Self-Driving Car Research
Some of Iowa’s leaders in automated vehicle research are seeking volunteers to help test the results of high-definition mapping and data collection.
October 10, 2017FBI Group Acquires Third Canadian Freight Brokerage Firm
Freight Brokers International Corp., a freight brokerage firm in Vaughan, Ontario, that goes by the name The FBI Group, has agreed to acquire another brokerage firm, Consolidated Carriers, based in Markham, Ontario.
October 10, 2017UPS Starting Negotiations on Massive Teamsters Contracts
UPS says it has started contract talks with the International Brotherhood of Teamsters on new collective bargaining agreements covering 250,000 workers.
October 10, 2017Truckstop.com Launches Spot Rate Forecasting Tool
Truckstop.com, in partnership with the research firm FTR, launched Rate Forecasting, a tool that projects spot market rates by balancing seasonal, geographic, random, economic, regulatory and permanent trends with deep statistical modeling.
October 10, 2017Tesla’s Model 3 Bottlenecks Delay Unveiling of Semi-Truck
Tesla Inc. pushed back the reveal of its semi-truck by three weeks as CEO Elon Musk focuses on boosting production of the cheaper sedan that the electric-car maker is counting on to dramatically increase sales.
October 10, 2017Flexport Raises $110 Million to Fund Expansion
Flexport has raised $110 million in funding to “double down” on its web-based business model for freight forwarding.
October 10, 2017FHWA Grants Six States Money for Alternative Revenue Projects
The Federal Highway Administration has divided $15.5 million between six states that are exploring alternative ways to fund highway and bridge projects.
October 10, 2017