XPO Logistics is creating two new, stand-alone, publicly traded companies in the less-than-truckload and tech-enabled brokered transportation sector, the company announced March 8.
March 9, 2022Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
XPO to Split LTL, Freight Brokerage Businesses
Port of Virginia Attracts Industrial Development
A California industrial real estate developer will begin construction this spring on two facilities totaling almost 1 million square feet near the Hampton Roads port terminals in Virginia.
Amazon Stops Sending Products to Russia
Amazon .com Inc. says it has stopped shipping products sold on its retail website to customers based in Russia and cut off access to its video streaming service there.
Congress Passes Bill to Shore Up Postal Service
WASHINGTON — Congress on March 8 passed legislation that would shore up the U.S. Postal Service and ensure six-day-a-week mail delivery, sending the bill to President Joe Biden to sign into law.
MSC Event Kicks Off With Focus on Workforce Strategies
ORLANDO, Fla. — The inaugural annual meeting of the Moving & Storage Council of American Trucking Associations honored a longtime leader in the sector, and featured a look ahead at how all transportation fleets can deal with the ongoing shortage of truck drivers.
Port of Baltimore Announces Expansion
The Port of Baltimore on March 7 announced it is expanding container business at its Seagirt Marine Terminal as the Israeli-based ZIM Shipping Line will begin calls at the facility this summer.
March 8, 2022Penske Automotive Group Acquires Canadian Firm Team Truck Centres
Penske Automotive Group has acquired London, Ontario-based Team Truck Centres, a retailer of medium- and heavy-duty Freightliner and Western Star commercial trucks.
March 4, 2022GAO Denies Protests to $17.9 Billion Military Moving Contract
A Houston-based company will retain a $17.9 billion contract to move military families after the Government Accountability Office rejected protests lodged last year by two companies seeking to block the agreement.
FedEx Suspends All Service in Russia, Belarus
FedEx Corp. has suspended all services in Russia and Belarus as fighting intensifies following the invasion of Ukraine.
March 4, 2022Brokers Expect Rising Contract Rates for 2022
Freight brokerage firms are anticipating that contract rates will keep rising this year, with a slowdown not expected until year’s end.