XPO Logistics has moved up the potential timeline to complete a spinoff of its logistics operations into a separate company, and also has provided updated financial guidance that forecasts strong growth for the planned independent company.
June 9, 2021No rankings are available for this year.
Extras
XPO Says GXO Spinoff Should Be Completed by Q3
Nations Set to Discuss Reducing Global Shipping CO2 Emissions
John Kerry wants to accelerate the decarbonization of the global shipping industry, which spews more carbon dioxide into the atmosphere each year than France and the U.K. combined.
Airbus Set to Move Ahead With A350 Freighter Within Weeks
Airbus SE is poised to begin taking orders for a freighter version of its A350 wide-body as soon as next month, in a challenge to Boeing Co.’s dominance in the market for dedicated cargo aircraft.
Walmart, Target Unveil Own Versions of Amazon Prime Day
Not to be outdone, Walmart and Target have announced they will hold big sales that will compete with Amazon Prime Day.
Manager’s Road Back to Baseball Took a Trucking Turn
Phillip Wellman is a baseball lifer, but a stint as a trucking fleet manager left an indelible impression.
Suddath Expands Local Moving Brand to Orlando
The Suddath Companies has expanded its recently launched MoveDay local moving brand to Orlando, the company announced June 7.
C.H. Robinson Petitions Supreme Court to Hear Negligent Hiring Case
C.H. Robinson Worldwide Inc. has asked the U.S. Supreme Court to overturn a federal appellate court decision involving a personal injury suit accusing the freight broker of negligent hiring.
Rail Customers Express Concern Over CN-KCS Merger
As leaders from Canadian National Railway and Kansas City Southern Railway promote their proposed merger, concerns are growing among some of their customers.
E2open CEO Details Value Added in BluJay Solutions Acquistion
E2open CEO Michael Farlekas said his company’s supply chain solutions platform will be enhanced with more capabilities such as logistics execution software via its acquisition of BluJay Solutions.
GM to Beat Profit Targets as Truck Plants Ramp Up
General Motors Co. will boost output at two truck plants, allowing the company to beat its first-half forecast of $5.5 billion in profit and to hit the high end of its full-year target of around $11 billion.