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Logistics News
Business, Logistics

NFI Will Pay $1 Million to Settle Overtime Probe

National Freight Inc. will pay about $1 million to settle a Labor Department investigation that concluded the New Jersey-based warehouse and distribution company didn't pay 357 driver dispatchers and yard spotters for overtime, the DOL announced.

August 26, 2016
Business, Equipment, Logistics, Fuel

Exxon to Introduce New Engine Oils on Website

ExxonMobil said it will introduce the new product line and details of its Mobil Delvac-branded CK-4 and FA-4 commercial vehicle engine oils on its website, mobildelvac.com on Sept. 20.

August 26, 2016
Logistics

Former Norfolk Southern CEO Named President of Amtrak

Amtrak appointed Charles “Wick” Moorman, former CEO of Norfolk Southern Corp., as its new president, effective Sept. 1, to succeed the retiring Joe Boardman.

August 19, 2016
Business, Logistics

Maersk Exploring All Options as Report Points to 2-Way Split

A.P. Moeller-Maersk A/S said it's still considering several options in its strategic review after a local newspaper reported that the Danish conglomerate was exploring a two-way split into an energy and a transport company.

August 19, 2016
Business, Logistics

Proposed Florida Freight Zone Gets Thumbs-Up From County Planning Organization

BARTOW, Fla. — A proposed freight logistics zone stretching from the Port of Tampa to Lake Wales won an endorsement on Aug. 18 from Polk's Transportation Planning Organization.

Tom Palmer | The Ledger (Lakeland, Fla.)
August 18, 2016
Business, Logistics

XPO Logistics Continues to Restructure Debt

XPO Logistics has priced $1.64 billion in refinancing of its existing term loan, as part of an effort to improve cash flow by reducing annual interest costs by about $40 million.

August 17, 2016
Business, Logistics

Analysis: Maersk's Sinking Feeling

It's a sign of stunted investor expectations when an 89% slide in quarterly profit triggers a 3% share price jump.

Chris Bryant | Bloomberg News
August 17, 2016
Government, Business, Logistics

Railroad Regulators Award $25 Million for Automatic Braking System

Railroad operators around the country got a boost from federal regulators in their efforts to implement the automatic braking system known as positive train control.

Eugene Mulero | Senior Reporter
August 16, 2016
Business, Logistics

World’s Biggest Shipping Firm Warns Against US Protectionism

A. P. Moeller-Maersk A/S, a Danish conglomerate that owns the world’s largest container shipping company, is voicing concern as a potential shift in U.S. policy threatens to reduce global trade.

August 16, 2016
Business, Logistics

Providence and Worcester Railroad Sold for $125 Million

Genesee & Wyoming Inc. has an agreement to buy Worcester’s Providence and Worcester Railroad Co. under a $125 million deal unveiled Aug. 15.

Donna Goodison | Boston Herald
August 16, 2016
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