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Logistics News
Government, Business, Logistics

Retail Sales Show Consumers Standing Firm in Face of Inflation

U.S. retail sales grew at a solid pace in April, reflecting broad-based gains and suggesting demand for merchandise remains resilient despite rampant inflation.

Olivia Rockeman | Bloomberg News
May 17, 2022
Business, Logistics, TCA

Icebreaker Shortage Freezes Up Supply Chain on Great Lakes

CLEVELAND — More than 1.6 million tons of cargo ship carrying capacity was delayed for 28 days due to ice conditions on Lake Superior, Lake Huron, Lake Michigan and in Green Bay. A lack of Coast Guard icebreakers hampered efforts to meet the needs of commerce.

The Star Beach | Ashtabula, Ohio
May 16, 2022
Business, Logistics

XPO Logistics Considers Sale of Freight-Forwarding Unit

XPO Logistics Inc. is considering a sale of its freight-forwarding unit as it continues to pursue divestitures, according to people with knowledge of the matter.

May 13, 2022
Business, Logistics

Bill Gates Sells $940 Million of CN Rail Stock

Bill Gates sold about $940 million of Canadian National Railway Co. shares, trimming one of the largest holdings of the investment firm that controls his $117 billion personal fortune.

Scott Carpenter | Bloomberg News
May 13, 2022
Business, Logistics

Ryder Gets $4.4 Billion Takeover Offer From HG Vora

Ryder System Inc. on May 13 confirmed receipt of a $4.4 billion offer to be acquired by HG Vora Capital Management, a proposal that Wall Street analysts said reflects the high value the potential buyer sees in the leasing company’s business.

Connor D. Wolf | Staff Reporter
May 13, 2022
Business, Logistics, For-Hire, TCA

U.S. Xpress Cuts 70 Corporate, IT Jobs

After reporting a first-quarter loss of more than $8.9 million May 5, U.S. Xpress Enterprises confirmed May 12 it laid off about 70 of its corporate and information technology staff in response to less-than-anticipated growth in the company’s trucking business.

Dave Flessner | Chattanooga (Tenn.) Times Free Press
May 13, 2022
Government, Business, Technology, Equipment, Logistics

Congress Kicks Off Final Negotiations on Supply Chain, Semiconductor Bill

Congressional policymakers formally kicked off negotiations on comprehensive legislation meant to facilitate domestic production of semiconductors and improve the movement of freight at ports.

Eugene Mulero | Senior Reporter
May 12, 2022
Business, Logistics, For-Hire

Trucking Continues to See Robust M&A Market

Trucking and logistics continue to see strong merger and acquisition activity, a trend that goes back more than a year.

Connor D. Wolf | Staff Reporter
May 12, 2022
Technology, Fuel, Logistics, Autonomous, TCA

Volvo to Supply 44 Electric Trucks to DHL

FRANKFURT, Germany — Swedish carmaker Volvo has signed a deal to supply 44 new electric trucks to German delivery firm Deutsche Post DHL to support its zero-emission targets, both companies announced May 12.

dpa | Hamburg, Germany
May 12, 2022
Government, Business, Safety, Logistics, Private

New York Appeals Court Dismisses Suit Against Amazon

NEW YORK — An appeals court in New York dismissed New York Attorney General Letitia James’ lawsuit against Amazon over its coronavirus safety protocols and a former employee who led the successful union organizing effort on Staten Island.

Haleluya Hadero | Associated Press
May 10, 2022
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