Wal-Mart de Mexico SAB, Latin America’s biggest retailer, will spend more than $1 billion to improve its logistics operations, a person with direct knowledge of the plan said.
December 7, 2016Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Ocean Freight Forwarders
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Extras
Wal-Mart to Invest Over $1 Billion on Logistics in Mexico
NTSB Rules Crew Was Likely Asleep During Fatal Arkansas Freight Train Crash
WASHINGTON — A fatal collision of two Union Pacific freight trains in Arkansas resulted from a fatigued engineer and conductor who were both likely asleep aboard one of the trains, federal investigators ruled Dec. 6.
Teamsters Question Proposed New Stock Compensation Cap at XPO Logistics
The International Brotherhood of Teamsters is concerned about a proposed change at XPO Logistics that would increase the maximum number of shares it can issue as compensation 400%, from 500,000 shares to 2.5 million, the union wrote in a Dec. 1 letter to the company’s board of directors.
December 5, 2016Transport, Logistics Firms Use Workplace as Training Ground for Future Leaders
The skills needed to run a successful transportation company today are quite different from what was required in the past, and that has many firms turning to workplace training and education partnerships to find the right people to help them flourish in a fast-changing business environment.
Sinking Shipping Industry Eyeing Mergers to Stay Afloat
The global shipping industry is in the midst of a huge downturn, with weak demand engulfing it for the past few years. Experts acknowledge that the sector’s biggest hurdle is overcapacity, but the wave of mergers and acquisitions means the hard times will pass eventually.
TransForce Wants Stockholders to Approve Name Change
TransForce Inc. executives have announced a Dec. 23 meeting in Montreal to ask shareholders to approve a corporate name change to TFI International.
December 2, 2016Petro-Canada Offers Online Information Hub for New CK-4 and FA-4 Oils
Petro-Canada Lubricants has a new API CK-4 and FA-4 information hub that offers a comprehensive online guide to the new heavy duty diesel engine oil categories for their first official license date of December 1, the company said.
December 1, 2016Rising Cargo Rates, Bargain Prices Lift Secondhand Ship Sales From the Shallows
Sales of secondhand ships used to haul commodities such as iron ore, coal, grain and fertilizer have hit a seven-year high in 2016 as the industry creeps out of an eight-year downturn that has sunk several fleets of shippers.
Consumer Confidence Rises to a Nine-Year High
Consumer confidence rose in November to the highest level since July 2007 on increased optimism about the U.S. labor market and economy, according to a report Nov. 29 from the New York-based Conference Board.
Trailer Orders Top 21,000
U.S. trailer orders climbed above 21,000 in October for the second-highest total of the year, as analysts said the cycle is stabilizing after the tremendous surge in orders during the previous two years.