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Logistics News
Business, Logistics

XPO Narrows Loss, Boosts Revenue, Sets Targets

XPO Logistics Inc. narrowed its fourth-quarter loss to $9.9 million, excluding a charge related to an equity offering, while continuing its path of rapid revenue growth.

February 18, 2015
Business, Logistics

Neptune Orient Lines to Sell APL Logistics for $1.2 Billion

Singapore-based Neptune Orient Lines has agreed to sell its APL Logistics business unit to Japanese shipping firm Kintetsu World Express for $1.2 billion.

Daniel P. Bearth | Staff Writer
February 18, 2015
Business, Logistics

Canadian Pacific Stoppage Ended by Binding Arbitration

A two-day strike at Canadian Pacific Railway Ltd. by the Teamsters Canada Rail Conference ended when both sides agreed to binding arbitration to end a dispute covering approximately 3,000 train crew workers.

Rip Watson | Special to Transport Topics
February 17, 2015
Business, Safety, Government, Equipment, Logistics, Technology, Autonomous

NTSB Urges Greater Attention to Truck Maintenance Issues

WASHINGTON — Trucking companies with poor safety records should redouble their maintenance efforts and pay particular attention to brake systems, the acting chairman of the National Transportation Safety Board said.

February 16, 2015
Business, Government, Logistics

Consumer Confidence Falls as Gas Prices Start to Rise

Consumer confidence fell in February as gas prices started to rise from a six-year low and damped Americans’ optimism about the economy.

Michelle Jamrisko | Bloomberg News
February 13, 2015
Business, Logistics

CSX Names Oscar Munoz as President

CSX Corp. said its board of directors unanimously elected Oscar Munoz as president, effective immediately, and that he will remain chief operating officer.

February 12, 2015
Business, Logistics

Intermodal Rail Traffic Dips 3.3% for Week

U.S. rail intermodal traffic declined 3.3% in the week ended Feb. 7 compared with the same week last year, the Association of American Railroads reported.

February 11, 2015
Business, Logistics

XPO Acquires UX Logistics for $59 Million

XPO Logistics announced that it has paid $59 million to acquire UX Specialized Logistics, which makes last-mile deliveries for retail chains and online retailers.

February 10, 2015
Business, Government, Safety, Logistics

California Court Awards $2.2 Million in Ruling for Pacer Cartage Drivers

A California state court has awarded seven drayage drivers for an XPO Logistics subsidiary $2.2 million in an ongoing battle over worker classification, which could intensify with further legal action.

February 9, 2015
Business, Logistics

Union Pacific Promotes Lance Fritz to CEO

Union Pacific announced that it has promoted Lance Fritz to CEO from chief operating officer, succeeding John Koraleski, who was named executive chairman.

February 6, 2015
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