Suez Canal, Ever Given Ship Owners Reach Compensation Deal
Egyptian officials and owners of the giant Ever Given vessel that blocked the Suez Canal earlier this year have reached a preliminary deal over compensation, according to the ship’s representatives.
June 23, 2021China Trucking Startup Full Truck Alliance Raises $1.6 Billion in US IPO
Full Truck Alliance Co., an Uber-like trucking startup, has raised $1.6 billion after pricing its U.S. initial public offering at the top of a marketed range, in one of the biggest listings stateside by a Chinese company this year.
June 22, 2021Amazon Might Have to Sell Logistics Business Under Bill
Amazon .com Inc. could be forced to sell its valuable logistics services division — the network of warehouses and delivery hubs around the country that power quick delivery of online orders — under antitrust legislation proposed by a congresswoman from Amazon’s hometown of Seattle, according to a spokesman for the lawmaker.
June 22, 2021Lineage Logistics to Acquire Cold Storage Operation in Denmark
Lineage Logistics, a global temperature-controlled industrial real estate investment trust (REIT) and logistics provider, announced its intention to acquire the cold storage division of Danish company Claus Sorensen Group.
June 21, 2021About Us: 2021 Transport Topics Top 100 For-Hire Carriers
This annual publication ranks companies based on annual revenue and includes a listing of operating units and description of services, names of top executives and type of ownership, plus data on the number of employees and equipment.
June 18, 2021Unveiling the 2021 Top 100 For-Hire Carriers
The trucking firms that appear on the 2021 Transport Topics Top 100 For-Hire Carriers list are split nearly evenly between companies that reported a revenue decline in 2020 and those that still managed to grow during the year of COVID-19.
June 18, 2021Trucking Turns From Pandemic to Prosperity
After navigating the disruption and uncertainty wrought by the coronavirus pandemic last year, the trucking industry has entered a historically strong business environment that many analysts expect to endure for the rest of 2021 and beyond.
June 18, 2021FedEx to Test Nuro Autonomous Delivery Vehicles
STATEN ISLAND, N.Y. — FedEx Corp. announced June 15 that it has partnered with Nuro, one of the nation’s leading autonomous vehicle companies, to test the use of driverless vehicles for multistop and appointment-based deliveries in Houston.
June 18, 2021XPO Announces GXO’s $800 Million Notes Offering
XPO Logistics' upcoming spinoff, GXO Logistics, has priced an offering of $800 million on investments notes with registration rights, the company announced June 17.
June 18, 2021Trailer Optimization in a Reopening Economy
Program Aired: June 17, 2021. As our economy reopens, trailer orders are at unusually high volumes. When freight demand outpaces your operations, it’s difficult to meet deadlines and keep customers happy. Hear directly from a leading carrier and trailer leasing company about how they are staying prepared to maximize trailer utilization and maintain a high level of customer service.
June 17, 2021