UPS Inc. on March 12 announced a leadership succession plan that named former Home Depot Chief Financial Officer Carol Tomé as the company’s next CEO, succeeding David Abney.
March 11, 2020Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
UPS Names Next CEO; Tomé to Succeed Abney
XPO to Acquire Majority of Kuehne + Nagel’s UK-Based Contract Logistics Operations
XPO Logistics is acquiring the majority of the United Kingdom-based contract logistics operations of Kuehne + Nagel, according to a March 9 news release.
March 10, 2020Ports Post Volume Declines Over Coronavirus Fears
Newly released figures from some of the nation’s major ports show cargo volumes are slumping as they struggle to recover from the U.S.-China trade war and now the steep downturn in factory output from China in the aftermath of the coronavirus outbreak.
Higher N.J. Tolls Pitched to Pay for Turnpike, Parkway Projects
New Jersey is pushing for higher passenger-vehicle tolls this year — and regular increases in the future — to pay for improvements to its Turnpike and Garden State Parkway.
Auto Industry’s Coronavirus Fears Shift From Supply to Demand
Automakers and suppliers across the globe have been scrambling to keep production going after the coronavirus shuttered parts plants across China. But now a bigger fear is emerging: Consumers may be in no mood to buy cars and trucks.
Autonomous Tech Company Locomation Signs Deal With Wilson Logistics
Autonomous-trucking technology provider Locomation and Wilson Logistics, a Springfield, Mo.-based trucking and transportation logistics company, have announced a multiyear partnership.
RGL Logistics Appoints New CEO, Chairman
RGL Logistics announced Joe Lemerond, senior vice president of transportation, will become the company’s CEO effective March 29.
March 9, 2020Developers Revive Cold-Storage Facility Plans in Maine
A hotly anticipated plan for a waterfront cold-storage warehouse is back on the table in Portland, Maine.
Sysco Approaches Germany Firm Metro About Takeover
Sysco Corp. has approached German wholesaler Metro AG about a takeover, as the U.S. food distribution giant explores ways to expand in Europe, people with knowledge of the matter said.
March 3, 2020VersaCold Weighs $500 Million Sale Amid Storage Buzz
VersaCold, one of Canada’s largest providers of cold storage, is exploring a potential sale that could fetch $500 million or more, according to people with knowledge of the matter.