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Logistics News
Business, Logistics

CSX Surges After Report of Canadian Pacific Takeover Interest

CSX Corp. jumped as much as 8% after the close of trading in New York, following a report that Canadian Pacific Railway approached the U.S. railroad about a takeover in January and was rebuffed.

March 2, 2016
Business, Logistics

Big Cargo Ship in Seattle Signals Big Stakes as Nation's Ports Compete

The largest cargo ship to visit the United States, the CMA CGM Benjamin Franklin, arrived in Seattle on Feb. 29 to greetings from Mayor Ed Murray and other dignitaries, and a flurry of media coverage.

Janet I. Tu | The Seattle Times
March 1, 2016
Special Coverage, Business, Logistics

Shippers' Desire for Data Offers Fleets Opportunities

NASHVILLE, Tenn. — Shippers remain more data-driven than ever, and that can present opportunities for carriers, a panel of experts said.

Neil Abt | Editorial Director
February 29, 2016
Business, Logistics

272-Year Old Shipping Exchange Gets Acquisition Offer from Singapore

Singapore Exchange is seeking to buy Baltic Exchange, the 272-year-old London-based provider of information on global shipping costs.

February 29, 2016
Business, Logistics

XPO Posts Wider 4Q Loss, Sees Progress on Con-way Integration

XPO Logistics’ fourth-quarter earnings report last week provided the first real glimpse into its long-term financial performance after the 2015 acquisition spree that quadrupled revenue and saw it scoop up Con-way Inc., its largest asset and a major potential profit center.

Rip Watson | Special to Transport Topics
February 29, 2016
Business, Logistics

Universal Truckload Services Proposes Name Change

Transportation and logistics services provider Universal Truckload Services Inc. announced plans to change its name to Universal Logistics Holdings Inc. as part of a rebranding effort.

February 26, 2016
Business, Logistics

XPO Logistics Reports Fourth-Quarter Loss of $62.8 Million

XPO Logistics Inc. reported fourth-quarter results that included a loss of $62.8 million, or 58 cents per share, and a glimpse of less-than-truckload performance at the former Con-way Freight unit that was acquired in October.

Rip Watson | Special to Transport Topics
February 25, 2016
Business, Logistics

Schneider Opens Warehouse to Support Northeastern Ports

Truckload carrier Schneider has opened a 147,500-square-foot warehouse in Port Reading, New Jersey, to serve shippers utilizing Northeastern ports.

February 23, 2016
Business, Logistics

XPO Files Federal Civil Suit Against R+L Carriers

XPO Logistics, including the former Con-way Freight, filed a six-count civil complaint against R+L Carriers in U.S. District Court in Detroit, alleging that R+L acted illegally in raiding employees from XPO.

Jonathan S. Reiskin | Associate News Editor
February 22, 2016
Business, Government, Safety, Logistics

Amazon Expands Deliveries by Its 'On-Demand' Drivers

SAN FRANCISCO — Amazon.com Inc. is quietly inviting drivers for its new "on-demand" delivery service to handle its standard packages, as the online retailer known for low prices and razor-thin profit margins looks to speed up delivery times and tamp down its growing multibillion-dollar logistics bill.

Mari Saito | Reuters
February 18, 2016
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