XPO Logistics introduced new benefits for participants in its driver training programs, the company announced July 8.
July 9, 2021Extras
XPO Logistics Introduces New Benefits for Driver Trainees
Geodis Expands Freight Brokerage Capacity With Velocity Acquisition
Geodis has reached an agreement to acquire all assets of Velocity Freight Transport, the supply chain operator announced July 6.
July 9, 2021Thousands of Railcars Stuck After Canadian Wildfires
Thousands of railcars loaded with grain are idled in the Vancouver corridor after Western Canadian wildfires damaged two main lines, while repairs enable a small but rising number to reach the country’s biggest port.
US Seeks to Lower Spiking Shipping Costs With Competition
The Biden administration is set to ask regulators to promote competition in the ocean shipping and rail industries after consolidation led to spikes in prices, according to a person familiar with a pending executive order.
Mullen Ramps Up Acquisitions Amid Expansion Plans
Mullen Group recently announced several acquisitions as part of an ongoing strategic plan to grow the Canadian business.
DP World to Buy Imperial Logistics in $890 Million Bet on Africa
DP World plans to buy South Africa’s Imperial Logistics Ltd. for $890 million, in what the port operator said would be its most significant acquisition in Africa so far.
229% Surge in China-US Shipping Costs Drives Inflation Pressure
The cost to ship a boxload of goods to the U.S. from China edged close to $10,000 as the world’s biggest economy keeps vacuuming up imports amid slower recoveries from the pandemic from Europe to Asia.
CSX Renews Bid for Approval to Add 1,200 Miles of New England Rail Lines
Railroad giant CSX Corp. has struck a new deal to help settle rival Norfolk Southern Railway’s objections to its delayed plan to take over almost 1,200 miles of New England railways.
Western Fires Halt Hundreds of Canada Railcars, Slowing Exports
Hundreds of railcars have been halted by wildfires that damaged tracks in western Canada during the region’s severe heat wave, creating a bottleneck of exports and delaying imports.
Amazon Begins New Chapter as Jeff Bezos Hands Over CEO Role
NEW YORK — Amazon founder Jeff Bezos stepped down as CEO on July 5, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic.