XPO Logistics Inc.’s CEO is on the hunt for takeover targets again after taking a two-year pause.
July 3, 2017Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Dedicated Contract Carriers
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Extras
XPO Logistics Poised to Pursue Acquisitions Again
ArcBest Becomes Latest LTL to Embrace Dimensional-Based Pricing
ArcBest Corp. is the latest less-than-truckload carrier to embrace dimensional-based pricing and is scheduled to institute the new program on Aug. 1.
June 30, 2017Saddle Creek Logistics to Open $12 Million Pennsylvania Facility
Saddle Creek Logistics Services has leased a 249,000-square-foot distribution facility in Pittston Township, Pa., near a new FedEx hub.
Amazon to Become Major Produce Shipper With Purchase of Whole Foods
With its pending purchase of the Whole Foods grocery chain, Amazon.com will become a major shipper for fresh produce, a transport market that has always been difficult and is now getting even more challenging.
Some Shippers Implement Longer Payment Policies
Some shippers are taking longer to pay freight bills, forcing carriers and brokerage firms to accept either discounts on invoices paid within a shorter payment cycle or to absorb additional expenses associated with extending credit to customers.
XPO Plans 'Testing Ground' for the Future of Logistics
XPO Logistics is designing a testing center for the next generation of supply chain management, which would automate warehousing, CEO Brad Jacobs told Transport Topics in a one-on-one interview.
Gas Prices See Record Lows Just in Time for Holiday Weekend
National gasoline prices are hovering at an all-time low for the year at $2.26 per gallon — the lowest they’ve been since February, according to auto club AAA.
June 27, 2017FedEx Posts $3 Billion Profit in Fiscal 2017; Freight Division Lags Express, Ground
FedEx Corp. reported a sharp increase in annual profits, rocketing 65% year-over-year and easily beating forecasts by a consensus of industry analysts.
May Tonnage Gains 4.8%, Reversing Downward Trend
Truck tonnage rose 4.8% in May compared with one year ago, the largest year-over-year gain since November 2016, according to the monthly American Trucking Associations index, suggesting that the freight market has tightened in recent weeks.
Amazon Robots Poised to Revamp How Whole Foods Runs Warehouses
When Amazon.com’s $13.7 billion bid to buy Whole Foods was announced, John Mackey, the grocer’s CEO, addressed employees, gushing about Amazon’s technological innovation.