Top 100
XPO Sells Intermodal Unit to STG Logistics for $710 Million
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.
James Hoffa Steps Down as Teamsters President
The International Brotherhood of Teamsters announced general president James Hoffa stepped down after 23 years in the post.
A. Duie Pyle to Open Three Locations in Virginia
A. Duie Pyle is opening three new facilities as part of an effort to expand its services into Virginia, the company announced March 15.
Stevens Transport Announces Its Largest Driver Pay Increase
Stevens Transport has implemented its largest driver pay increase in its 42-year history, the company announced March 18.
March 21, 2022FedEx Reports Record Q3 Revenue on Holiday Surge
Fueled by a strong holiday shopping season by both its business and consumer customers, FedEx Corp. reported higher fiscal third-quarter earnings.
Carriers Suspend Operations in Russia, Ukraine
Transportation companies have been suspending operations in Russia and Ukraine amid the ongoing war between the countries.
Yellow Reaches Settlement With DOJ
Yellow Corp. has reached a settlement with the Department of Justice over allegations dating back to 2005 that the company overcharged the federal government while shipping items for the Department of Defense.
Amazon Stops Sending Products to Russia
Amazon .com Inc. says it has stopped shipping products sold on its retail website to customers based in Russia and cut off access to its video streaming service there.
FedEx Suspends All Service in Russia, Belarus
FedEx Corp. has suspended all services in Russia and Belarus as fighting intensifies following the invasion of Ukraine.
March 4, 2022Albertsons Might Explore Selling Its Grocery Chains
Albertsons Cos. may be looking to unload some of its nearly two dozen grocery chains as the company launches a review of its business strategy, analysts said.