Business

XPO Logistics Inc. achieved its highest quarterly revenue ever during the fourth quarter of 2021, the company reported Feb. 8.

U.S. supply chains have a chance to return to more normal operations after retailers replenish inventories next quarter, even if the next peak shipping season arrives sooner than usual, Port of Los Angeles Executive Director Gene Seroka said Feb. 9.

Democratic leaders on the U.S. House transportation committee are proceeding with an update to the Water Resources Development Act, or WRDA.

TOKYO — Toyota’s profit slipped nearly 6% last quarter, the Japanese automaker said Feb. 9, highlighting the headwinds automakers are facing in a computer chips crunch caused by the coronavirus pandemic.

Hub Group Inc. reported record fourth-quarter revenue and net income as the company benefited from high pricing caused by constraints across the supply chain.

COPENHAGEN, Denmark — Maersk said that 2021 was its most profitable year yet, bringing in $18.7 billion as surging demand from a rebounding global economy led to supply chain logjams.

WASHINGTON — Some Democratic senators on Feb. 9 called for suspending the federal gas tax for the remainder of the year to help consumers struggling with rising fuel prices.

WASHINGTON — Congress would lift onerous budget requirements that have helped push the Postal Service deeply into debt and would require it to continue delivering mail six days per week under bipartisan legislation the House approved Feb. 8.

Some very familiar trouble spots lead the 2022 Top Truck Bottlenecks List from the American Transportation Research Institute.

The U.S. government’s minimum-wage enforcers plan to zero in on the warehouse and logistics industry, amplifying scrutiny of a sector criticized during the pandemic for its labor practices.