Canadian Pacific Railway Ltd.’s chief executive officer tried to quash speculation that a bidding war is at hand for Kansas City Southern.
April 28, 2021Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Despite Lower Bid, Canadian Pacific Touts Value of KCS Offer
Saia Posts Strong Q1 Income, Revenue Gains
Saia Inc. reported large gains in profit and revenue during the first quarter as it overcame weather challenges to take advantage of increasing freight demand.
C.H. Robinson Posts Big Q1 Gains in Profit, Revenue
C.H. Robinson Worldwide posted large gains in profits and revenue during the first quarter, driven by higher pricing and increasing cargo volume across most of its service lines.
DSV to Buy Agility’s Logistics Unit for $4.1 Billion
DSV Panalpina A/S agreed to buy Agility Public Warehousing Co.’s Global Integrated Logistics business for $4.1 billion, extending its reach in the air and sea transport industry.
Apple’s $430 Billion US Investment Includes XPO-Run Facility
XPO Logistics will operate a $100 million “state-of-the-art” facility and distribution center in Clayton, Ind., for technology giant Apple, the company said April 26.
April 27, 2021Amazon to Pass Walmart in Retail Sales in 2025, Report Says
Amazon.com Inc. will supplant Walmart Inc. as the biggest U.S. retailer by 2025, according to a new report, suggesting the e-commerce giant has too much momentum for Walmart to stop despite big investments in its own e-commerce offerings.
U.S. Xpress Reports Revenue of $450M for Q1
U.S. Xpress Enterprises saw revenue and earnings growth during the first quarter of 2021, the company reported April 22.
Trudeau Signals Move to End Dockworkers Strike at Montreal Port
Canada is planning legislation to end a general strike at the Port of Montreal that’s bound to worsen congestion at other sites and add to global shipping delays.
Truck Parking Gets New Congressional Push
Efforts to enhance access to parking for the nation’s truckers are alive in the U.S. House of Representatives. Here's our Capitol Agenda look at the week ahead for trucking on Capitol Hill.
Orders for Durable Goods Rebound in March
WASHINGTON — Orders for big-ticket manufactured goods rebounded 0.5% in March as U.S. factories recovered from February weather disruptions. However, the recovery was not as strong as most had expected due to ongoing supply chain disruptions that continue to ensnare U.S. manufacturers.