Logistics

The shipping industry is starting to feel the full force of surging diesel and gasoline costs.

GXO Logistics has reached agreement with Clipper Logistics on the key terms of a possible acquisition, both company boards announced Feb. 20.

The bottlenecked ports in Los Angeles face a narrow window between now and midyear to clear container backlogs before another import surge and union contract talks threaten to stall progress moving record volumes of cargo through the busiest U.S. gateway for trade.

The truckload sector continued to experience a strong pricing environment during the fourth quarter amid marginal fleet growth.

Elon Musk’s Boring Co. is seeking to build an underground loop around North Miami Beach for Tesla vehicles, the latest idea to help address traffic in an ever-growing part of Florida with limited public transportation.

Rapidly climbing inflation in the U.S. is accelerating calls from governors and state leaders to provide immediate tax relief to cash-strapped residents facing higher prices on everyday products such as gas, milk and electricity.

An Alaskan state senator and professional driver is sponsoring Truck Driver Appreciation Day legislation to permanently recognize truckers for their service.

International shipping services provider DHL Express has operated at San Antonio International Airport for more than 30 years, but it’s facing a possible lockout over an alleged lease violation.

Congressional lawmakers are proposing measures that include a suspension of the federal gas tax to stave off soaring prices at the pump, and are considering other remedies to ease inflationary price increases as Congress averted a federal government shutdown by passing a short-term spending measure.

Vehicle leasing and rental company Ryder System Inc. on Feb. 16 reported strong fourth-quarter and full-year 2021 earnings that easily exceeded Wall Street analysts’ expectations.