XPO Logistics Inc. confirmed Feb. 14 that it will close a facility in Memphis, Tenn., where some employees have made allegations of pregnancy discrimination and sexual harassment, and the next day CEO Brad Jacobs said a customer's request prompted the decision.
February 19, 2019No rankings are available for this year.
Extras
XPO Denies Memphis Plant Closing Is Retaliation
Montreal Firm FLS Transportation Services Acquires Scott Logistics
FLS Transportation Services, a Montreal-based 3PL, has announced the acquisition of Scott Logistics Corp., a freight broker headquartered in Georgia.
February 15, 2019George Soros Cuts Stake in Agriculture Giant ADM
Billionaire George Soros has cut his holdings in agriculture giant Archer Daniels Midland Co. by more than half as the company contends with sluggish commodity markets amid the U.S.-China trade war.
Pepsi Soothes Investors With Sales Growth, Plans for Payouts
PepsiCo Inc. rose in early trading as investors brushed off a lower profit forecast, instead focusing on sales growth in snacks and North American beverages and the company’s plans to return about $8 billion to shareholders this year.
XPO Logistics Reports Disappointing Earnings
XPO Logistics reported disappointing earnings for the fourth quarter of 2018 and lowered its guidance for 2019 due, in large part, to a sharp drop-off in shipments from its largest customer — believed to be Amazon.com.
Nuro Raises Nearly $1 Billion From SoftBank Vision Fund
Nuro, a robotics company specializing in automating local commerce deliveries, has secured $940 million in funding from the SoftBank Vision Fund, according to a Feb. 11 press release.
February 14, 2019Amazon Ditches Plans for New York Headquarters
Amazon.com is pulling out of a plan to build a headquarters in New York City, after a backlash from some residents and politicians, the e-commerce giant said.
FedEx Logistics Announces Headquarters Move
FedEx Logistics will move its global headquarters to the former Gibson Guitar factory building in Memphis, Tenn., according to a Feb. 12 press release.
February 13, 2019NFI Expands Brokerage, Intermodal Business With Purchase of SCR Air Services
NFI completed the purchase of SCR Air Services Inc., a Seattle-based freight brokerage firm that specializes in shipping food and other products needing temperature control, the company announced Feb. 11. Terms were not disclosed.
February 13, 2019Redwood Logistics Acquires Strive Logistics
Redwood Logistics said it is acquiring Strive Logistics, a move that will create a multimodal freight brokerage firm with more than $1 billion in freight under management.
February 13, 2019