XPO Logistics Inc. received board approval to spin off its technology-based brokered operations into a stand-alone business, the company announced Oct. 10.
October 11, 2022No rankings are available for this year.
Extras
XPO Board of Directors Approves RXO Spinoff
Large Rail Union Rejects Deal
OMAHA, Neb. — The U.S.’s third-largest railroad union rejected a deal with employers Oct. 10, renewing the possibility of a strike that could cripple the economy. Both sides will return to the bargaining table before that happens.
Federal Judge Faults Postmaster General DeJoy in Mail Delays
WASHINGTON — A federal judge has set limits on one of the U.S. Postal Service’s cost-cutting practices that contributed to a worrisome slowdown of mail deliveries ahead of the 2020 presidential election.
Mississippi Barge Backup Stalls Millions of Tons of Cargo
Prolonged drought is jeopardizing waterborne trade along the Mississippi River, a basin that produces 92% of the nation’s agricultural exports.
Louisiana to Spend $270 Million on Locally Owned Bridges
To stem the tide against state closures of unsafe bridges, Louisiana will receive $270 million in federal funds to fix locally owned off-system bridges.
Tesla Plans to Deliver Semis to Pepsi Five Years After Unveiling
Tesla Inc. will deliver its first Semi trucks to PepsiCo Inc. five years after Elon Musk showed off prototypes and began taking deposits for the electric big rigs.
Broad Relief Efforts Converge After Hurricane Ian
Trucking companies, government entities and nonprofit groups responded to the devastation wrought along Florida’s Gulf Coast by Hurricane Ian last month with relief efforts for the many areas affected by the storm, and are working to overcome challenges in getting aid to those in need.
States Approve Rule Exemptions to Speed Florida Relief Efforts
Motor carriers transporting relief supplies to regions of Florida and South Carolina affected by Hurricane Ian are working with a variety of emergency vehicle size and weight exemptions in effect in neighboring states, moves made by governors and state agencies looking to help speed relief supplies to storm-ravaged areas.
Rail Strike Threat Exposes Supply Chain Vulnerability
The threat of a nationwide strike by railroad workers that could have shut down the nation’s freight trains exposed vulnerabilities in the supply chain that could have proved devastating to the economy.
Dwindling Mississippi River Grounds Barges, Threatens Shipments
A logjam of more than 100 ships, tugboats and their convoys of barges in the shrinking Mississippi River is threatening to grind trade of grains, fertilizer, metals and petroleum to a halt.
October 6, 2022