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Extras
Logistics News
Government, Business, Logistics

Canadian Labor Board Leaves Door Open for Rail Strike

The ruling found that a work stoppage between the Teamsters and rail companies would not pose an immediate threat to public health and safety, meaning a strike could occur as soon as Aug. 22.

Connor D. Wolf | Staff Reporter
August 13, 2024
Government, Business, Technology, Logistics

Port Isabel Secures $1.6M Grant for Major Expansion Projects

Commerce Secretary Gina Raimondo recently announced the award as part of $6.9 million in economic development grants to Texas for workforce training and port improvements.

Noël Fletcher | Staff Reporter
August 12, 2024
Business, Logistics, Private, Global Freight

Amazon Tests Speedy Delivery Service Featuring Kia Souls

Amazon.com Inc. has deployed a new secret weapon in its same-day delivery operation: a convoy of Kia Souls.

Matt Day | Bloomberg News
August 8, 2024
Business, Technology, Fuel, Logistics, Private

Pipeline Firms in Talks With Data Centers About Gas Supply

Energy Transfer and Williams Cos. are talking to data center operators about building pipelines directly to their facilities to fuel on-site power plants as the centers prepare for a boom in AI.

Elizabeth Elkin | Bloomberg News
August 8, 2024
Business, Logistics, For-Hire, Top 100

Forward Air Posts Q2 Loss, but Revenue Soars on Acquisition

Despite the reported net loss, investors appeared to be responding positively. It was primarily due to a one-time goodwill impairment charge related to the Omni acquisition.

Connor D. Wolf | Staff Reporter
August 8, 2024
Business, Logistics, Top 100

RXO Faces Revenue Decline, Net Loss in Q2

The Charlotte, N.C.-based asset-light transportation provider posted a net loss of $7 million, or 6 cents a diluted share.

Connor D. Wolf | Staff Reporter
August 7, 2024
Business, Logistics, Global Freight

Maersk CEO Seeks New M&A Deals After Dropping Schenker Bid

A.P. Moller-Maersk A/S is looking for new acquisition targets after recently walking away from what would have been its biggest ever deal, the CEO said.

Christian Wienberg and Sara Sjolin | Bloomberg News  
August 7, 2024
Government, Business, Logistics

Ice Cream Giant Wells Enterprises Plans $425M New York Expansion

Wells, headquartered in Le Mars, Iowa, produces more than 200 million gallons of ice cream annually and distributes products in all 50 states.

Noël Fletcher | Staff Reporter
August 6, 2024
Business, Technology, Logistics, Top 100

GXO Logistics Reports 19% Revenue Surge in Q2 2024

GXO Logistics saw revenue grow 19% in the second quarter of 2024 to $2.85 billion. However, the contract logistics firm reported a drop in net income to $39 million from $66 million in 2023.

Connor D. Wolf | Staff Reporter
August 6, 2024
Government, Business, Logistics

Canada’s Labor Minister Launches Talks to Avert Rail Strike

Negotiations to avert a major railroad strike in Canada will resume Aug. 7 after talks between the three parties were stalled for months.

Mark Mann | Bloomberg News
August 6, 2024
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