Extras
Logistics News
Business, Logistics

XPO Says $700 Million Funding Will Speed Acquisitions

XPO Logistics Inc. said three investors have agreed to a $700 million infusion of equity that will enable the company to accelerate its revenue and profitability growth plans.

Rip Watson | Special to Transport Topics
September 12, 2014
Business, Logistics

Weekly Intermodal Traffic Rises 4.5%

U.S. rail intermodal traffic increased 4.5% in the week ended Sept. 6 compared with the same week last year, the Association of American Railroads reported.

September 12, 2014
Business, Logistics

Hub Group Switches Drivers to Employee Status

Hub Group Inc. has decided to voluntarily make drayage drivers in California into employees, taking a different stance from other fleets that continue to insist that intermodal truckers are independent contractors.

September 10, 2014
Business, Logistics

Three Ocean Carriers Plan New Alliance

France’s CMA CGM, the world’s third-largest container shipping company, has signed an equipment sharing alliance with China Shipping Container Line and United Arab Shipping as carriers continue to seek new partners.

September 9, 2014
Business, Logistics

Swift Execs Skip Conference as Phoenix Floods

Executives from Swift Transportation Co., scheduled to make a presentation at a Las Vegas conference, were forced to cancel due to record floods in Phoenix, where the company is based.

September 9, 2014
Business, Government, Logistics

Seattle Taps Ex-Polar Executive to Head Port

Ted Fick, former CEO of trailer maker Polar Corp., has been selected as CEO at the Port of Seattle to replace Tai Yoshitani, who is retiring at the end of this month.

Rip Watson | Special to Transport Topics
September 5, 2014
Business, Logistics

Intermodal Rail Volume Rises 4.3% in August

Intermodal rail volume for August rose 4.3% compared with the same time last year, the Association of American Railroads reported.

September 5, 2014
Business, Logistics

UTi’s Fiscal Second-Quarter Loss Widens

UTi Worldwide Inc. reported its second-quarter fiscal loss increased to $16.9 million, or 19 cents per share, from $4.4 million, or 4 cents per share, the prior year.

September 4, 2014
Business, Logistics

New Website Offers Data On Trucking Firms, Shippers, Brokers

Data Driven Shipping, based in San Diego, has launched a website that allows users to download trucking industry data to the program of their choice on their computer or mobile device.

Mindy Long | Special to Transport Topics
September 3, 2014
Business, Logistics

XPO Completes Acquisition of Logistics Firm New Breed

XPO Logistics said it has completed the acquisition of specialized logistics firm New Breed Holding Co. for $615 million.

September 2, 2014
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