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Logistics News
Business, Technology, Logistics, Top 100

RXO Becomes Third-Largest Freight Broker With Coyote Deal

RXO has finalized its $1.025 billion acquisition of Coyote Logistics from UPS, a move that makes RXO the third-largest provider of brokered transportation in North America.

September 16, 2024
Business, Technology, Equipment, Logistics

Platform Science to Acquire Trimble’s Fleet Telematics Units

As part of the agreement, Trimble will take a 32.5% stake in Platform Science and receive a seat on Platform Science’s board of directors.

Seth Clevenger | Managing Editor, Features and Multimedia
September 15, 2024
Business, Logistics

New Norfolk Southern CEO Calls Last 18 Months ‘Brutal’

Norfolk Southern CEO Mark George says the railroad is ready for a fresh start after a painful 18-month period involving a derailment, an activist proxy fight and the ouster of his predecessor.

Brooke Sutherland | Bloomberg News
September 13, 2024
Business, Logistics, TCA

Port of Long Beach Hits 113-Year High in Cargo for August

The Port of Long Beach once again saw record-breaking cargo numbers in August, port officials said Sept. 12.

Donna Littlejohn | Los Angeles Daily News
September 13, 2024
Government, Business, Safety, Logistics

Loose Electrical Cable Found on Ship That Hit Key Bridge

BALTIMORE — Investigators working to pinpoint the cause of Baltimore’s Francis Scott Key Bridge collapse discovered a loose cable that could have caused electrical issues on the Dali.

Lea Skene | Associated Press
September 13, 2024
Business, Logistics, Global Freight, Top 100, Top 50

DSV Buys DB Schenker for $15.9B, Creating Logistics Giant

DSV, founded by 10 Danish truckers in the 1970s, has grown through a string of acquisitions in the fragmented transport industry, including buying targets that were larger than itself.

Christian Wienberg | Bloomberg News
September 13, 2024
Business, Technology, Logistics, Global Freight, Top 100, Top 50

Amazon to Boost Contract Driver Pay to Nearly $22 an Hour

Amazon.com Inc. plans to spend an additional $2.1 billion on its contract delivery program, including safety programs, training and additional pay for the contracting firms.

Matt Day | Bloomberg News
September 12, 2024
Government, Business, Logistics

FMC Chairman Breaks Down Post-Pandemic Supply Chain

FMC Chairman Daniel Maffei said the COVID-19 pandemic brought heightened awareness to supply chain issues and revealed what was working — and what wasn’t — across global shipping lanes.

Connor D. Wolf | Staff Reporter
September 12, 2024
Government, Business, Technology, Logistics

Industry Leaders Praise FLOW for Improving Freight Predictions

The transportation sector can better forecast freight trends when companies share information, according to stakeholders of an initiative aimed at facilitating that exchange.

Connor D. Wolf | Staff Reporter
September 12, 2024
Business, Equipment, Logistics

FTR: Truckload Spot Rates to Rise 6.5-7% in 2025

FTR Transportation Intelligence expects truckload spot rates to rise 6.5-7% in 2025, Vice President of Trucking Avery Vise said in a presentation.

Keiron Greenhalgh | Staff Reporter
September 12, 2024
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