RXO reported negative net income and a 14% decline in revenue during the third quarter.
November 7, 2023Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Uber Delivers Mixed Report as Profit Grows, Revenue Slows
Uber Technologies gave a mixed picture of its business, showing a second consecutive profitable quarter and an increase in demand for rides and delivery but also slowing revenue growth.
November 7, 2023Virginia Gov. Youngkin Lauds 3PL Provider’s Facility Expansion
Virginia Gov. Glenn Youngkin announced a $2 million expansion of Wytheville-based Camrett Logistics to grow its capacity and provide green supply chain technology.
November 6, 2023House Committee Passes Bill to Protect Moving Privacy
Legislation designed to safeguard certain identifiable information of individuals moving internationally was advanced this month by a committee in the U.S. House of Representatives.
November 6, 2023Dry Panama Risks Driving Large Oil Tankers Away From Canal
Dry weather is set to force large oil tankers to completely stop using the Panama Canal, requiring the vessels to extend their voyages by thousands of miles, a shipping researcher said.
November 6, 2023Work Begins on $16.1 Billion New York-New Jersey Tunnel
The $16.1 billion, long-delayed, once-canceled effort to build a new rail tunnel linking New York and New Jersey is officially starting construction after more than a decade of false starts.
November 3, 2023AI, COVID Created a New Normal for the Supply Chain
HOUSTON — A supply chain expert said the arrival of open-source artificial intelligence just as the global economy was emerging from the pandemic created turbulent economic conditions.
November 3, 2023Biden Administration Awards $653 Million to Upgrade Ports
WASHINGTON — The Transportation Department on Nov. 3 awarded $653 million in grants to upgrade and improve 41 water-based ports across the United States.
November 3, 2023Maersk to Slash 10,000 Jobs
COPENHAGEN, Denmark — Maersk said Nov. 3 that it plans to eliminate 10,000 jobs due to what it described as a challenging environment for container trade and logistics services.
November 3, 2023Perspective: As an Industry, Let's Win the Sale
At a time when our political system has grown so adversarial, I believe trucking threads a needle of common purpose.
November 2, 2023