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Logistics News
Business, Logistics

APL Logistics Names Shigeo Mori as New CFO

APL Logistics appointed Shigeo Mori as chief financial officer on Oct. 18, replacing Masahiko Oka at the helm of the company that was bought by Japanese firm Kintetsu World Express Group in February 2015.

October 19, 2016
Business, Logistics

FedEx to Invest $1.5 Billion in France to Double Capacity at Charles de Gaulle Airport

PARIS — FedEx Corp announced Oct. 17 that it would invest $1.5 billion to double the capacity of its logistics activities at Charles de Gaulle International Airport in the Paris suburb of Roissy.

, October 18, 2016
Government, Business, Safety, Logistics

Natso Joins R.I. Trucking Association in Fight Against Truck-Only Tolls

The Rhode Island Trucking Association has a new ally, the National Association of Truck Stop Operators, in its ongoing battle against Gov. Gina Raimondo’s trucks-only tolling plan.

David Elfin | Staff Reporter
October 18, 2016
Business, Logistics

Kuehne + Nagel Earnings Decline Even as Sea Freight Volume Rises

Kuehne + Nagel Inc. reported third-quarter earnings before interest, taxes, depreciation and amortization fell 3.6% to $273 million, counter to analysts’ average estimate of a 6.4% increase to $267 million.

Tom Lavell | Bloomberg News
October 18, 2016
Business, Logistics

Family May Be Driving Schneider IPO

Underlying the plans by multibillion-dollar Schneider trucking company to go public are likely the varying desires of different family members to cash in on at least some of their ownership interest.

Rick Romell | Milwaukee Journal Sentinel
October 17, 2016
Business, Logistics

Privately Owned Schneider Eyes Going Public; IPO Would Be Trucking’s First Since 2010

Schneider, the nation’s largest privately owned motor carrier and a major provider of intermodal transportation and logistics services, has decided to go public.

Daniel P. Bearth | Staff Writer
October 17, 2016
Business, Logistics

Judge Signs Off on $28 Million Settlement Between Schneider, Truck Drivers

A $28 million settlement agreement between Schneider and a group of truck drivers who alleged the company did not properly offer them meal and rest breaks was approved this week by a California judge.

October 14, 2016
Business, Logistics

Hanjin Bankruptcy Hits Long Beach Port Hard, But Los Angeles Left Unscathed

Container traffic at the two biggest West Coast ports was mixed in September, with a significant drop in Long Beach because of the Hanjin bankruptcy but a gain in Los Angeles, which had less exposure.

October 14, 2016
Business, Government, Logistics

Fortress Said to Explore Sale of Florida East Coast Railway

Fortress Investment Group is exploring a sale of Florida East Coast Railway Corp., the coastal freight operator it took private in 2007, according to people familiar with the matter.

October 13, 2016
Business, Logistics

Utility Trailer Opens Arizona Location

Utility Trailer Manufacturing Co. opened a new full-service dealer location in Tolleson, Arizona.

October 13, 2016
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