UPS Inc. lost a court fight for about $2 billion in compensation over the European Commission’s 2013 botched veto of its takeover bid for TNT Express.
February 23, 2022Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
UPS Loses Compensation Bid in EU
Fire Subsides on Cargo Ship Carrying Volkswagen EVs
LISBON, Portugal — A fire aboard a ship carrying cars in the Mid-Atlantic is dying out, a Portuguese navy officer said Feb. 22, and the huge vessel is expected to be towed to the Bahamas.
Truck Tonnage Extends Streak of Gains in January
Truck tonnage in January rose 1.2% when measured against year-ago levels, marking the fifth consecutive month for a year-over-year increase, American Trucking Associations said.
Soaring Diesel, Gas Prices Bleed Into Shipping
The shipping industry is starting to feel the full force of surging diesel and gasoline costs.
GXO Plans to Buy Clipper for About $1.3 Billion
GXO Logistics has reached agreement with Clipper Logistics on the key terms of a possible acquisition, both company boards announced Feb. 20.
Narrow Window to Clear Clogged L.A. Ports Hinges on Demand Waning
The bottlenecked ports in Los Angeles face a narrow window between now and midyear to clear container backlogs before another import surge and union contract talks threaten to stall progress moving record volumes of cargo through the busiest U.S. gateway for trade.
Truckload Sector Sees Continued Strength in Q4
The truckload sector continued to experience a strong pricing environment during the fourth quarter amid marginal fleet growth.
Elon Musk’s Boring Co. Submits Plan for North Miami Beach Tunnel
Elon Musk’s Boring Co. is seeking to build an underground loop around North Miami Beach for Tesla vehicles, the latest idea to help address traffic in an ever-growing part of Florida with limited public transportation.
Gas, Grocery Price Hikes Spur States to Pursue Tax Relief
Rapidly climbing inflation in the U.S. is accelerating calls from governors and state leaders to provide immediate tax relief to cash-strapped residents facing higher prices on everyday products such as gas, milk and electricity.
Trucker Turned Politician Proposes Bill Honoring Alaska’s Drivers
An Alaskan state senator and professional driver is sponsoring Truck Driver Appreciation Day legislation to permanently recognize truckers for their service.