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Government, Business, Logistics, Top 50, Top 100, TCA

UPS Adds Indiana Airport to Cargo Network

The Gary/Chicago International Airport Authority on May 13 approved a long-term lease and easement access agreement with UPS Inc. that will allow the company to begin express air shipment operations later this year.

Andrew Steele | The Times (Munster, Ind.)
May 14, 2020
Business, Logistics, Top 50

Container Shipper Maersk Warns of 25% Volume Slump

The world’s largest container line is bracing for a historic slump in demand after emergency lockdowns across the globe left international trade in tatters.

Christian Wienberg | Bloomberg News
May 13, 2020
Business, Top 50, Top 100

XPO’s Brad Jacobs Says Company Open to Future Acquisitions

With at least $2 billion in cash, and $500 million in credit available, XPO Logistics Chairman and CEO Brad Jacobs says he would consider an acquisition if the company was a good fit.

Dan Ronan | Senior Reporter
May 12, 2020
Business, Logistics, Top 50

Expeditors Sees Profit, Revenue Fall in Q1; Workforce Remains Intact

Global disruptions created by the coronavirus pandemic depressed profits and revenue at Expeditors International in the first quarter.

Jerry Hirsch | Contributing Writer
May 8, 2020
Government, Business, Logistics, Top 50, Top 100

Former XPO Executive to Become Next Postmaster General

A Republican fundraiser and political donor from North Carolina who also worked as an executive at XPO Logistics will be the next postmaster general.

May 7, 2020
Business, Safety, Logistics, Top 50, Top 100, TCA

5-Year-Old’s ‘Refreshment Stop’ Shows Appreciation for FedEx, UPS Drivers

A New York kindergartener who loves delivery trucks is thanking FedEx, UPS and other drivers during the coronavirus pandemic in his own special way, with a 'refreshment stop' of complimentary snacks and drinks that he has set up at the end of his driveway for these essential workers.

Kristi Gustafson Barlette | Times Union, Albany, N.Y.
May 5, 2020
Business, Logistics, Top 50, Top 100

XPO Profits, Revenue Fall in Q1

First-quarter profits and revenue at XPO Logistics Inc. declined as the effects of the coronavirus pandemic took a toll on the less-than-truckload carrier and logistics company in March.

Jerry Hirsch | Contributing Writer
May 5, 2020
Business, Logistics, Top 50, Top 100, TCA

XPO to Cease Operations at Pennsylvania Warehouse

XPO Logistics will cease operations at its warehouse in Bethel Township, Pa., this month, according to a notice it filed March 11 with the Pennsylvania Department of Labor & Industry.

Daniel Urie | The Patriot-News (Harrisburg, Pa.)
May 4, 2020
Business, Top 50, Top 100

Hub Group Posts Dips in Revenue, Net Income in First Quarter

Hub Group reported double-digit declines in profits and revenue during the first quarter as it saw a drop in intermodal revenue and a decrease in its truck brokerage business.

Jerry Hirsch | Contributing Writer
May 4, 2020
Business, Equipment, Top 50

Ryder Reports Q1 Net Loss

Ryder System Inc. reported a net loss of just over $100 million in the first quarter and revenue slipped 1% as it adjusted to the impact of COVID-19 on the economy and its markets.

Roger Gilroy | Senior Reporter
April 29, 2020