XPO Logistics has priced $1.64 billion in refinancing of its existing term loan, as part of an effort to improve cash flow by reducing annual interest costs by about $40 million.
August 17, 2016Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Dedicated Contract Carriers
No rankings are available for this year.
Extras
XPO Logistics Continues to Restructure Debt
Analysis: Maersk's Sinking Feeling
It's a sign of stunted investor expectations when an 89% slide in quarterly profit triggers a 3% share price jump.
Railroad Regulators Award $25 Million for Automatic Braking System
Railroad operators around the country got a boost from federal regulators in their efforts to implement the automatic braking system known as positive train control.
World’s Biggest Shipping Firm Warns Against US Protectionism
A. P. Moeller-Maersk A/S, a Danish conglomerate that owns the world’s largest container shipping company, is voicing concern as a potential shift in U.S. policy threatens to reduce global trade.
August 16, 2016Providence and Worcester Railroad Sold for $125 Million
Genesee & Wyoming Inc. has an agreement to buy Worcester’s Providence and Worcester Railroad Co. under a $125 million deal unveiled Aug. 15.
Trailer Orders Fall to Below 10,000 in July
U.S. trailer orders in July fell to less than half of what they were a year earlier as seasonal weakness and cautious fleets still eyeing a lackluster economy cut demand more than expected, ACT Research Co. reported.
Americold Completes Purchase of Another Georgia Facility
Temperature-controlled warehousing and logistics company Americold has wrapped up the purchase of a storage facility that bolsters its Georgia-based network to 15 facilities.
August 15, 2016Transportation Insight Launches BirdDog Logistics
Logistics provider Transportation Insight is rebranding its transactional freight brokerage market as BirdDog Logistics.
August 15, 2016Editorial: One Champion, But Many Winners
By the time you read this, a new grand champion will have been crowned at the National Truck Driving Championships in Indianapolis.
August 15, 2016Intermodal Shipments Fall 6.1% in 2Q
Intermodal freight shipments fell 6.1% in the second quarter from a year earlier, ending a string of 25 consecutive quarterly increases, hurt by fewer international and trailer shipments, the Intermodal Association of North America reported.