UPS announced plans to acquire Italian-based health care logistics firm Bomi Group to expand the reach of its health unit globally.
August 9, 2022Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
UPS to Acquire Health Care Logistics Firm Bomi Group
Georgia Extends Fuel Tax Suspension Through Sept. 12
State taxes on diesel and gasoline in Georgia will continue to be suspended through Sept. 12 after Gov. Brian Kemp extended an expiring executive order issued earlier this year.
Shipping Container Lines Set to Smash Year-Old Profit Record
The world’s biggest container lines are on course to post profits in 2022 that will top last year’s record by 73%, according to a new forecast, buoyed by logistics and labor strains that are squeezing capacity amid sustained U.S. demand for imports.
US Retail Cargo Seen Cooling in Second Half as Inflation, Rates Bite
U.S. ports will see less retail cargo entering the country in the second half of the year as economic growth slows amid back-to-back interest rate increases and persistent inflation.
New Louisiana Port Project Looks to Expand Intermodal to DFW Area
Developers and port officials in Dallas County, Texas, are talking with leaders building the new Plaquemines Port Harbor and Terminal District/Louisiana Gateway Project to expand the reach of the budding Gulf of Mexico facility.
Oregon Eyes Tolling Portland Region’s Interstates
Oregon is asking for public input on a congestion pricing plan to impose tolls on all lanes of Portland’s two interstates that would result in commercial trucks paying higher rates than passenger vehicles.
STB Says ‘Train Noise’ Would Be Only Negative Impact of CP-KCS Merger
The Surface Transportation Board’s Office of Environmental Analysis determined the only potential adverse impacts of Canadian Pacific’s proposed merger with Kansas City Southern would be train noise, according to the STB’s Draft Environmental Impact Statement released Aug. 5.
XPO Posts Strong Q2 Earnings Amid Upcoming Leadership Change
XPO Logistics Inc. on Aug. 4 reported record revenue and net income for the second quarter, part of a busy week for the Greenwich, Conn.-based company.
Labor Chief Sees No Sign of Strike, Lockout in West Coast Port Talks
Labor Secretary Marty Walsh said he sees no signs of a strike or a lockout looming in the contract negotiations between dockworkers and employers at some of the nation’s most important ports, even as talks continue without a contract.
XPO Names Mario Harik to Succeed Brad Jacobs as CEO
XPO Logistics Inc. announced that Mario Harik will succeed Brad Jacobs as CEO of XPO and join the board of directors following XPO’s planned spinoff of its tech-enabled brokerage platform.