A Canadian Pacific freight train carrying crude oil through Wisconsin derailed on Nov. 8, knocking 13 cars off the tracks, spilling oil and leading 35 homes to be evacuated, in the state's second derailment in two days.
November 9, 2015Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Homes Evacuated as Second Train in Two Days Derails in Wisconsin
XPO Completes Con-way Purchase; Picks LTL Chief, Begins Cost Cuts
XPO Logistics Inc. last week began consolidating its latest acquisition, Con-way Inc., and also announced higher profit targets as well as revenue that tripled in the third quarter.
XPO Raises Profit Targets, Reports Loss, Revenue Growth
XPO Logistics Inc. set new, higher profit targets and reported a wider net loss in the third quarter as the buyer of Con-way Inc. continued to show revenue growth from multiple acquisitions.
Intermodal Growth Slows in Third Quarter
Truck/rail freight growth slowed to 3.4% in the third quarter, the Intermodal Association of North America reported, as domestic growth was stunted by truckers taking advantage of favorable fuel prices and capacity.
November 5, 2015Intermodal Rail Traffic Declines in October
U.S. rail intermodal traffic declined 1.4% in October compared with the same month the prior year, the Association of American Railroads reported.
November 4, 2015Radiant Logistics Acquires Copper Logistics
Radiant Logistics has acquired Copper Logistics of Minneapolis and will use the company’s location near the Minneapolis/St. Paul airport to expand its transportation and logistics operations in the upper Midwest.
November 4, 2015Maersk Line to Cut Capacity and Jobs as Global Demand Sags
A.P. Moeller-Maersk A/S is scaling back capacity and cutting jobs in the world’s largest shipping line to adapt to a drop in demand.
Shipping Braces for Pollution Tax After Climate Talks
The shipping industry expects to be stung by a carbon levy as momentum building from climate talks in Paris starting this month makes a cut to its greenhouse-gas emissions likely.
XPO Completes Con-way Acquisition
XPO Logistics Inc. announced that it has completed the $3 billion acquisition of trucking and logistics operator Con-way Inc.
October 30, 2015TransForce Agrees to Sell Waste Unit to GFL Environmental
TransForce Inc. agreed to sell its waste management division to Canada’s GFL Environmental Inc. for C$800 million ($606.1 million) as the seller moves to focus on its other trucking business.
October 29, 2015