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Logistics News
Business, Logistics

XPO Logistics and Hewlett Packard to Lay Off 70 Employees in Iowa

XPO Logistics Inc. and Hewlett Packard Co. plan to lay off about 70 employees in Iowa on Oct. 31 after the two companies ended a contract and parted ways.

October 21, 2016
Business, Logistics

Union Pacific Net Income Slips 13% as Freight Volume Declines

Union Pacific Corp. net income slipped 13% to $1.13 billion, or $1.36 per share, hurt by lower intermodal and other freight volume and weaker pricing.

October 20, 2016
Business, Logistics

Bankrupt South Korean Shipping Giant Hanjin to Lay Off 400 Workers

SEOUL — Bankrupt South Korean shipping giant Hanjin said Oct. 20 it plans to lay off 400 workers — more than half of its land-based staff  — as it attempts to right its corporate ship.

Dirk Godder | DPA (Hamburg, Germany)
October 20, 2016
Business, Logistics

Hanjin Bankruptcy Hurts Long Beach, But Doesn't Impact Other US Ports in September

The Hanjin Shipping Co. bankruptcy hit the Port of Long Beach hard, but spared most others from year-over-year losses in ocean container traffic, based on port statistics released for September.

Ari Ashe | Staff Reporter
October 19, 2016
Business, Logistics

APL Logistics Names Shigeo Mori as New CFO

APL Logistics appointed Shigeo Mori as chief financial officer on Oct. 18, replacing Masahiko Oka at the helm of the company that was bought by Japanese firm Kintetsu World Express Group in February 2015.

October 19, 2016
Business, Logistics

FedEx to Invest $1.5 Billion in France to Double Capacity at Charles de Gaulle Airport

PARIS — FedEx Corp announced Oct. 17 that it would invest $1.5 billion to double the capacity of its logistics activities at Charles de Gaulle International Airport in the Paris suburb of Roissy.

, October 18, 2016
Government, Business, Safety, Logistics

Natso Joins R.I. Trucking Association in Fight Against Truck-Only Tolls

The Rhode Island Trucking Association has a new ally, the National Association of Truck Stop Operators, in its ongoing battle against Gov. Gina Raimondo’s trucks-only tolling plan.

David Elfin | Staff Reporter
October 18, 2016
Business, Logistics

Kuehne + Nagel Earnings Decline Even as Sea Freight Volume Rises

Kuehne + Nagel Inc. reported third-quarter earnings before interest, taxes, depreciation and amortization fell 3.6% to $273 million, counter to analysts’ average estimate of a 6.4% increase to $267 million.

Tom Lavell | Bloomberg News
October 18, 2016
Business, Logistics

Family May Be Driving Schneider IPO

Underlying the plans by multibillion-dollar Schneider trucking company to go public are likely the varying desires of different family members to cash in on at least some of their ownership interest.

Rick Romell | Milwaukee Journal Sentinel
October 17, 2016
Business, Logistics

Privately Owned Schneider Eyes Going Public; IPO Would Be Trucking’s First Since 2010

Schneider, the nation’s largest privately owned motor carrier and a major provider of intermodal transportation and logistics services, has decided to go public.

Daniel P. Bearth | Staff Writer
October 17, 2016
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