GXO Logistics saw revenue grow 19% to $2.3 billion during the fourth quarter of 2021, the company reported Feb. 15.
February 15, 2022Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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GXO Reports $2.3 Billion in Revenue for Q4
Canada Plans to Tow Trucks, Freeze Protesting Truckers' Accounts
Prime Minister Justin Trudeau is invoking emergency powers across all of Canada to quell protests by demonstrators who have paralyzed Ottawa and blocked border crossings in anger over the country’s COVID-19 restrictions.
Maersk Chairman to Leave Board as Family Member Takes Over
A.P. Moller-Maersk A/S’s chairman, Jim Hagemann Snabe, is leaving his position to pave the way for a Maersk family member to take over the job of overseeing the Danish shipping giant.
Supply Chain Disruptions Likely to Continue in Near Future
Economists and industry experts widely believe supply chain disruptions will continue to greatly impact the transportation industry for the first half of the year, and possibly into 2023.
Senate Confirms Federal Maritime Commissioner
Max Vekich was confirmed by a 51-43 Senate vote to serve on the Federal Maritime Commission through 2026.
Port of Savannah Reports Record Cargo Volumes for January
SAVANNAH, Ga. — The Port of Savannah has added another month to its streak of record cargo volumes amid a surge that has forced U.S. seaports to scramble to meet demand.
February 14, 2022Police Begin Arresting Mandate Protesters; Vital Bridge Still Closed
WINDSOR, Ontario — Police moved in to clear and arrest the remaining protesters near the busiest U.S.-Canadian border crossing on Feb. 13, ending a demonstration against COVID-19 restrictions that has hurt the economy of both nations even as they held back from a crackdown on a larger protest in the capital, Ottawa.
Odyssey Logistics Elevates Keith Hancock to CEO Position
Odyssey Logistics & Technology Corp. has announced Keith Hancock as the company’s new CEO.
February 11, 2022Inflation, Tangled Supply Lines Are Gripping Economy
WASHINGTON — Since the pandemic erupted two years ago, Forest Ramsey and his wife, Kelly, have held the line on prices at their gourmet chocolate shop in Louisville, Ky. Now, they’re about to throw in the towel.
After ‘Driver-Out’ Milestone, TuSimple CEO Cheng Lu Outlines Vision for Autonomous Trucking
LAS VEGAS — When TuSimple completed its first “driver-out” autonomous truck run in December, it marked a significant step toward a commercial launch of the company’s driverless truck technology.