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Logistics News
Business, Technology, Fuel, Logistics, Private

Pipeline Firms in Talks With Data Centers About Gas Supply

Energy Transfer and Williams Cos. are talking to data center operators about building pipelines directly to their facilities to fuel on-site power plants as the centers prepare for a boom in AI.

Elizabeth Elkin | Bloomberg News
August 8, 2024
Business, Logistics, For-Hire, Top 100

Forward Air Posts Q2 Loss, but Revenue Soars on Acquisition

Despite the reported net loss, investors appeared to be responding positively. It was primarily due to a one-time goodwill impairment charge related to the Omni acquisition.

Connor D. Wolf | Staff Reporter
August 8, 2024
Business, Logistics, Top 100

RXO Faces Revenue Decline, Net Loss in Q2

The Charlotte, N.C.-based asset-light transportation provider posted a net loss of $7 million, or 6 cents a diluted share.

Connor D. Wolf | Staff Reporter
August 7, 2024
Business, Logistics, Global Freight

Maersk CEO Seeks New M&A Deals After Dropping Schenker Bid

A.P. Moller-Maersk A/S is looking for new acquisition targets after recently walking away from what would have been its biggest ever deal, the CEO said.

Christian Wienberg and Sara Sjolin | Bloomberg News  
August 7, 2024
Government, Business, Logistics

Ice Cream Giant Wells Enterprises Plans $425M New York Expansion

Wells, headquartered in Le Mars, Iowa, produces more than 200 million gallons of ice cream annually and distributes products in all 50 states.

Noël Fletcher | Staff Reporter
August 6, 2024
Business, Technology, Logistics, Top 100

GXO Logistics Reports 19% Revenue Surge in Q2 2024

GXO Logistics saw revenue grow 19% in the second quarter of 2024 to $2.85 billion. However, the contract logistics firm reported a drop in net income to $39 million from $66 million in 2023.

Connor D. Wolf | Staff Reporter
August 6, 2024
Government, Business, Logistics

Canada’s Labor Minister Launches Talks to Avert Rail Strike

Negotiations to avert a major railroad strike in Canada will resume Aug. 7 after talks between the three parties were stalled for months.

Mark Mann | Bloomberg News
August 6, 2024
Business, Technology, Logistics, Autonomous

Uber Beats Expectations as Rideshare Demand Remains Strong

Uber Technologies Inc. reported better-than-expected orders in the second quarter, underscoring the continued strength in demand for rideshare and delivery services.

Natalie Lung | Bloomberg News
August 6, 2024
Business, Logistics

CSX Profit Slips Amid Baltimore Bridge Collapse Response

CSX railroad’s second-quarter profit slipped 2% as it scrambled to respond to the Baltimore bridge collapse in March that disrupted coal exports.

Josh Funk | Associated Press
August 6, 2024
Government, Business, Logistics

Senate Greenlights Its Version of Water Infrastructure Act

In a show of bipartisanship, senators voted to inject billions into the nation’s ports, dams and canals, passing a sweeping water infrastructure bill.

Eugene Mulero | Senior Reporter
August 5, 2024
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