Logistics

XPO Logistics Inc. announced March 25 it has sold its North American intermodal business to STG Logistics, a Chicago-based provider of import-export and value-added warehouse logistics services, for a cash price of $710 million.

Sen. Elizabeth Warren (D-Mass.) blamed rising U.S. inflation in part on the largest ocean shipping companies, calling “the anti-competitive nature” of the industry the root cause of soaring prices to transport goods around the global economy.

The U.S. Postal Service announced March 24 it ordered more than 10,000 new electric delivery trucks, up from the 5,000 the agency had initially planned to purchase.

Freight management company Truckstop.com announced March 24 that it will launch a mobile app to connect carriers with loads.

WASHINGTON — The Biden White House intends to seek a boost in funding for infrastructure programs and freight-related grants in its upcoming budget request to Congress.

Executive Director of the Port of Long Beach, Mario Cordero, joins TT's Dan Ronan to discuss his current outlook on port operations, the fate of the proposed container dwell time fee, and what the planned $450 million in grants from USDOT means for U.S. ports.

Another month, another all-time monthly record at the Port of Los Angeles, the nation’s busiest port facility.

Congestion in the key Chinese ports of Shenzhen and Hong Kong due to COVID-19 lockdowns has risen to the highest level in five months, posing possible delays to goods heading to the U.S. this summer.

LAS VEGAS — The Truckload Carriers Association moved forward with its leadership transition and recognized fleets’ efforts to provide a better workplace experience for their drivers at the group’s annual conference, convened March 19-22.

WASHINGTON ­— A U.S. Senate panel easily approved legislation meant to facilitate the flow of freight at the country’s ports.