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Logistics News
Business, Logistics

272-Year Old Shipping Exchange Gets Acquisition Offer from Singapore

Singapore Exchange is seeking to buy Baltic Exchange, the 272-year-old London-based provider of information on global shipping costs.

February 29, 2016
Business, Logistics

XPO Posts Wider 4Q Loss, Sees Progress on Con-way Integration

XPO Logistics’ fourth-quarter earnings report last week provided the first real glimpse into its long-term financial performance after the 2015 acquisition spree that quadrupled revenue and saw it scoop up Con-way Inc., its largest asset and a major potential profit center.

Rip Watson | Special to Transport Topics
February 29, 2016
Business, Logistics

Universal Truckload Services Proposes Name Change

Transportation and logistics services provider Universal Truckload Services Inc. announced plans to change its name to Universal Logistics Holdings Inc. as part of a rebranding effort.

February 26, 2016
Business, Logistics

XPO Logistics Reports Fourth-Quarter Loss of $62.8 Million

XPO Logistics Inc. reported fourth-quarter results that included a loss of $62.8 million, or 58 cents per share, and a glimpse of less-than-truckload performance at the former Con-way Freight unit that was acquired in October.

Rip Watson | Special to Transport Topics
February 25, 2016
Business, Logistics

Schneider Opens Warehouse to Support Northeastern Ports

Truckload carrier Schneider has opened a 147,500-square-foot warehouse in Port Reading, New Jersey, to serve shippers utilizing Northeastern ports.

February 23, 2016
Business, Logistics

XPO Files Federal Civil Suit Against R+L Carriers

XPO Logistics, including the former Con-way Freight, filed a six-count civil complaint against R+L Carriers in U.S. District Court in Detroit, alleging that R+L acted illegally in raiding employees from XPO.

Jonathan S. Reiskin | Associate News Editor
February 22, 2016
Business, Government, Safety, Logistics

Amazon Expands Deliveries by Its 'On-Demand' Drivers

SAN FRANCISCO — Amazon.com Inc. is quietly inviting drivers for its new "on-demand" delivery service to handle its standard packages, as the online retailer known for low prices and razor-thin profit margins looks to speed up delivery times and tamp down its growing multibillion-dollar logistics bill.

Mari Saito | Reuters
February 18, 2016
Business, Logistics

Odyssey Logistics Posts Double-Digit Gains in Past Year

New products and services including a cloud-based system have helped Odyssey Logistics post double-digit growth during the past year.

Dirk Perrefort | The (Danbury, Conn.) News-Times
February 18, 2016
Logistics

Railroads Close Tracks, Cut Jobs Across the Country as Coal Cools Off

Working in or around Conway Terminal, the sprawling testament to the might of the U.S. freight railroad system, it might be easy to forget the storm of troubles brewing at Norfolk Southern Corp.

Daniel Moore | Pittsburgh Post-Gazette
February 18, 2016
Government, Business, Safety, Logistics

Biden Calls for Increased Transportation Infrastructure Investment

Vice President Joe Biden called for greater public investment in transportation infrastructure during a Feb. 17 visit to a logistics yard east of  Memphis, Tennessee.

Daniel Connolly | The (Memphis, Tenn.) Commercial Appeal
February 18, 2016
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