Logistics

Volkswagen AG CEO Herbert Diess urged German workers to prepare for a deeper overhaul to remain competitive when Tesla Inc. ramps up vehicle production at its first European factory outside Berlin next year.

XPO Logistics Inc. reported the highest revenue in its history Nov. 2, but noted some challenges with less-than-truckload performance for the third quarter.

WASHINGTON — American Trucking Associations joined nearly 100 freight stakeholders in calling on President Joe Biden to amplify his administration’s response to ongoing supply chain woes nationwide.

Just 60 miles south from one of the most famous locations in American transportation history, Promontory Point, Utah, a new transportation and logistics center is open for business and still being built out.

CMA CGM SA, one of the world’s largest shipping companies, agreed to buy Fenix Marine Services, which operates a container terminal in the Port of Los Angeles, in a deal with an enterprise value of $2.3 billion.

ArcBest saw its highest quarterly revenue and operating income in its history during the third quarter, the company reported Nov 2.

Expeditors International of Washington posted third-quarter gains in profit and revenue as the logistics company capitalized on tight freight capacity and soaring prices.

With the Biden administration seeking remedies to ameliorate freight connectivity concerns related to the national supply chain, the U.S. Department of Transportation announced a partnership with agencies in California.

Technological solutions are increasingly helping shippers and carriers manage a boisterous business climate in which spot freight plays a prominent role.

A.P. Moller-Maersk A/S expects shipping markets to remain tight at least into the first quarter with global container demand set to grow faster than previously expected.