DoorDash will be joining the Nasdaq 100 Index while Zoom Video Communications will be removed as part of the annual makeover of the tech-heavy benchmark.
December 11, 2023Logistics News
For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
DoorDash to Be Added to Nasdaq 100; Zoom to Be Removed
DHL Express Workers Strike at Cincinnati Air Cargo Hub
More than 1,100 unionized DHL Express workers walked off the job at Cincinnati/Northern Kentucky International Airport, a critical logistics hub for the package delivery company.
December 8, 2023Update: XPO Spends $870 Million for Yellow Properties
Less-than-truckload carrier XPO Inc. has agreed to pay $870 million for 26 owned terminals and two leased properties that previously were operated by Yellow Corp., emerging as a top bidder in the managed sale of the bankrupt LTL carrier’s assets, court documents show. Â
December 8, 2023Dark Horse Bidder Makes Second Offer for Yellow Assets
Next Century Logistics submitted a second bid for Yellow Corp. assets Dec. 7 after an initial offer to reanimate the bankrupt carrier was turned down by the administrators of Yellow’s assets.
December 7, 2023Ryder Reveals First Two Companies in EV Fleet Program
Truck leasing and logistics company Ryder System identified its initial customers Dec. 5 for its RyderElectric+ turnkey electric vehicle fleet program.
December 7, 2023US-Mexico Trade Trends Indicate Nearshoring Has Momentum
The post-pandemic trend toward nearshoring of trade is on course to finish the year strong despite an earlier slowdown in broader trade activity.
December 7, 2023Uber Freight and ºÚÁϳԹÏÍø Form Partnership on Autonomous Trucks
Uber Freight announced a deal that aligns it with Torc Robitics, and separately outlined how it is delving into where artificial intelligence might support its services in the years ahead.
December 7, 2023Vermont Lowers Cost of Milk Hauler Overweight Permits
A new law that took effect Nov. 1 regarding overweight permits in Vermont is making it easier and less expensive for milk haulers to transport this key ingredient for the state's dairy industry.
December 6, 2023Recruiting and Retaining Drivers Remains a Challenge
Managing driver retention is an ongoing challenge for many trucking companies.
December 6, 2023Axle Logistics Invests $37.9 Million to Expand in Tennessee
Tennessee officials held a groundbreaking ceremony at the Knoxville headquarters of Axle Logistics to celebrate a $37.9 million investment to expand the company’s logistics operations.
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