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Logistics News
Business, Logistics

Deutsche Post Profit Plunges 71% on Software-Project Costs

Deutsche Post AG’s third-quarter profit plunged 71% after the German delivery company booked 345 million euros ($372 million) in costs from a failed software project. The shares dropped the most in 2 1/2 months.

Richard Weiss | Bloomberg News
November 12, 2015
Business, Logistics

Global GDP Worse Than Official Forecasts Show, Maersk Says

The world’s economy is growing at a slower pace than the International Monetary Fund and other large forecasters are predicting.

November 9, 2015
Business, Logistics

Homes Evacuated as Second Train in Two Days Derails in Wisconsin

A Canadian Pacific freight train carrying crude oil through Wisconsin derailed on Nov. 8, knocking 13 cars off the tracks, spilling oil and leading 35 homes to be evacuated, in the state's second derailment in two days.

November 9, 2015
Business, Logistics

XPO Completes Con-way Purchase; Picks LTL Chief, Begins Cost Cuts

XPO Logistics Inc. last week began consolidating its latest acquisition, Con-way Inc., and also announced higher profit targets as well as revenue that tripled in the third quarter.

Rip Watson | Special to Transport Topics
November 9, 2015
Business, Logistics

XPO Raises Profit Targets, Reports Loss, Revenue Growth

XPO Logistics Inc. set new, higher profit targets and reported a wider net loss in the third quarter as the buyer of Con-way Inc. continued to show revenue growth from multiple acquisitions.

Rip Watson | Special to Transport Topics
November 5, 2015
Business, Logistics

Intermodal Growth Slows in Third Quarter

Truck/rail freight growth slowed to 3.4% in the third quarter, the Intermodal Association of North America reported, as domestic growth was stunted by truckers taking advantage of favorable fuel prices and capacity.

November 5, 2015
Business, Logistics

Intermodal Rail Traffic Declines in October

U.S. rail intermodal traffic declined 1.4% in October compared with the same month the prior year, the Association of American Railroads reported.

November 4, 2015
Business, Logistics

Radiant Logistics Acquires Copper Logistics

Radiant Logistics has acquired Copper Logistics of Minneapolis and will use the company’s location near the Minneapolis/St. Paul airport to expand its transportation and logistics operations in the upper Midwest.

November 4, 2015
Business, Logistics

Maersk Line to Cut Capacity and Jobs as Global Demand Sags

A.P. Moeller-Maersk A/S is scaling back capacity and cutting jobs in the world’s largest shipping line to adapt to a drop in demand.

Peter Levring | Bloomberg News
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November 4, 2015
Business, Logistics

Shipping Braces for Pollution Tax After Climate Talks

The shipping industry expects to be stung by a carbon levy as momentum building from climate talks in Paris starting this month makes a cut to its greenhouse-gas emissions likely.

Jonathan Saul | Reuters
November 2, 2015
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