XPO Backs Away From Possible Sale, Spinoffs of Units
XPO Logistics Inc. said the current economic environment has compelled it to step back from earlier plans to explore the sale or spinoff of some of its assets.
March 20, 2020After Mixed Financial Results in 2019, 3PLs Face Coronavirus Headwinds
Coming off an extraordinary growth market in 2018, third-party logistics companies operating in the United States experienced a more mixed year in 2019.
March 19, 2020Deutsche Post Scraps Its Electric Delivery Van Built With Ford
Deutsche Post AG will stop producing its electric delivery vehicle called StreetScooter, bringing to an end a much-hyped venture that was once seen as a possible disrupter to conventional van makers such as Volkswagen AG and Daimler AG.
February 28, 2020Shipping Giant CMA CGM’s Debt Plan Seen at Risk Amid Virus Fears
The coronavirus outbreak is threatening to scupper a debt refinancing for CMA CGM SA, the world’s third-largest container shipping company.
February 24, 2020XPO to Lay Off 304 Workers at Texas Distribution Center
XPO Logistics Inc. will lay off 304 workers at an AllianceTexas distribution center in April, according to a notice filed with the Texas Workforce Commission.
February 14, 2020Ryder Posts Earnings Loss, Record Revenue in Q4
Ryder System Inc. reported record fourth-quarter revenue and a loss in earnings due to previously announced expenses.
February 13, 2020XPO Reports Mixed Q4, 2019 Results
XPO Logistics Inc. posted mixed financial results for the fourth quarter and all of 2019.
February 11, 2020Werner Q4 Profits Dip
Werner Enterprises posted declines in fourth-quarter and full-year profits but came in ahead of Wall Street expectations for its Q4 profit.
February 6, 2020Schneider Q4 Earnings Miss Wall Street Expectations
Schneider National Inc. reported Jan. 29 that fourth-quarter 2019 and yearly financial numbers declined when compared with 2018’s record year.
January 29, 2020Lineage Logistics Buys Three Oregon Processing Plants
The $49 million sale of NORPAC Foods’ Salem, Brooks and Stayton processing facilities in Oregon to cold storage giant Lineage Logistics was approved by U.S. Bankruptcy Court Judge Peter McKittrick on Jan. 14.
January 15, 2020