Class I railroad CSX Corp. is acquiring bulk liquid carrier Quality Carriers Inc. in a deal that expands the railroad’s footprint in the United States, Canada and Mexico.
May 12, 2021Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
CSX to Acquire Quality Carriers
TIA Pledges Greater Capitol Hill Presence; New CEO Anne Reinke Leads First Meeting
The head of the Transportation Intermediaries Association stressed that the industry is healthy and poised for a return to the kind of camaraderie that existed before the coronavirus pandemic.
Daseke Reports Improved Q1 Earnings
Flatbed carrier Daseke Inc. reported that its first-quarter net loss narrowed by more than half compared with year-ago levels.
Patrick Moebel Appointed President of FedEx Trade Networks
FedEx Logistics Inc. has appointed Patrick Moebel to be president of FedEx Trade Networks Transport & Brokerage, Inc., the company announced May 10.
Americold Reports Q1 Loss, Citing Costs Related to Acquisitions
Americold reported a net loss of $14.2 million, or negative 6 cents a share, for the period ending March 31. The company said much of the loss can be attributed to increased acquisition and integration costs.
Wisconsin Leaders Issue Grant to Support Marine Facility in Marinette
Wisconsin officials announced May 6 that $1 million in grant funding has been awarded to support infrastructure at a shipbuilding facility in Marinette.
Biden Pushes for His Infrastructure Plan in GOP Stronghold
With a badly aging bridge as his backdrop, President Joe Biden stood in reliably Republican Louisiana on May 6 to pressure GOP lawmakers to support his $2.25 trillion infrastructure plan — and yet express a willingness to compromise on the corporate tax hikes he’s recommending to pay the cost.
Hub Group Reports Q1 Revenue, Profit Gains
Hub Group posted large first-quarter gains in profits and revenue, reflecting a strong freight market.
World’s Biggest Brands Adopt Checklist to Protect Seafarers
Unilever Plc and other big retail brands are among consumer giants adopting a toolkit to audit their shipping supply chains in an effort to help bring seafarers stuck on commercial vessels back home and eliminate human rights risks.
XPO Begins Testing Electric Trucks
XPO Logistics is testing a Freightliner eCascadia in Oakland, Calif., the first step in what it expects is a lengthy transition from diesel-powered heavy-duty trucks.