XPO Logistics Inc. plans to split into two by spinning off its logistics business in a tax-free transaction that will create a separate publicly traded company.
December 2, 2020No rankings are available for this year.
Extras
XPO Logistics Plans to Split Into Two Companies
FedEx to Buy ShopRunner in E-Commerce Push
FedEx Corp. has agreed to acquire ShopRunner, an e-commerce service that provides shipping for more than 100 brands, as the courier seeks to deepen its ties with online shoppers.
Penske Logistics to Acquire Black Horse Carriers
Penske Logistics announced it reached an agreement to acquire Chicago-based trucking company Black Horse Carriers Inc.
Central Freight Lines Taps Jerry Moyes as CEO
Less-than-truckload carrier Central Freight Lines Inc. announced it named Jerry Moyes CEO, effective immediately.
December 2, 2020Coronavirus Likely Altered Supply Chains Permanently, XPO’s Chowdhury Says
Supply chains have changed dramatically to adapt to the coronavirus, but many of those changes may outlast the pandemic.
CSX Agrees to Buy New England’s Pan Am Railways
CSX Corp. has agreed to buy Pan Am Railways Inc., North America’s largest regional railroad based in New England, extending CSX’s reach in Connecticut, Massachusetts and New York and adding Maine, New Hampshire and Vermont to its 23-state network.
DOT Makes Preparations Ahead of COVID-19 Vaccine Transport
USDOT announced Dec. 1 that it has taken regulatory measures to facilitate the safe and rapid transport of the much-anticipated COVID-19 vaccine.
KLLM, Pride Transport Increase Pay for Truck Drivers
KLLM Transport Services and Pride Transport joined the surge of trucking companies set to raise driver pay.
Maritime Shipping Industry, Asian Nations Object to EU Pollution Plan
Plans to extend the world’s biggest carbon market into shipping drew criticism from the industry and Asian nations, highlighting growing conflict over Europe’s unprecedented moves to protect the environment.
J.B. Hunt Acquires Mass Movement to Expand Final-Mile Offerings
J.B. Hunt Transport Services Inc. acquired the assets of Mass Movement, the company announced Nov. 30.
November 30, 2020