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FedEx to Borrow $1.5 Billion for Contribution to Pension Plan After Tax Changes

FedEx Corp. is borrowing $1.5 billion to fund a contribution to its pension plan that it announced after the passage of U.S. tax law changes.

January 29, 2018

First Cryptocurrency Freight Deal Takes Russian Wheat to Turkey

The first freight deal settled in Bitcoin was executed last month on a vessel carrying wheat from top shipper Russia to Turkey, according to Prime Shipping Foundation, the venture behind the transaction.

January 29, 2018

Amazon Expands Delivery Trial That Could Hurt FedEx, UPS

Amazon.com Inc. is expanding a service launched to make more groceries, cleaning supplies and other products available for quick delivery directly from merchants without overwhelming the e-commerce giant’s warehouses with additional inventory, according to documents reviewed by Bloomberg News.

January 29, 2018

Port of Virginia Gets Preliminary OK on Dredging Project

The U.S. Army Corps of Engineers has preliminarily approved a project to dredge Virginia’s Norfolk Harbor from 50 feet to 55 feet, but a final decision on whether to fund it will come this summer.

January 26, 2018

Union Pacific Starts Work on $550 Million Rail Yard in Texas

Union Pacific Railroad announced Jan. 25 the company started construction this month on a major rail yard near Hearne, Texas, a $550 million project that’s the largest in the railroad’s 103-year history.

January 25, 2018

Fleet, 22-Year-Old’s Logistics Startup, Raises Another $10 Million

At 14, an age when other kids want video games and gadgets, Max Lock wanted a job.

January 25, 2018

TFI Promotes Greg Orr to President of CFI Truckload Business

TFI International has named two executives to head its CFI truckload business unit in Joplin, Mo.

January 25, 2018

Port of Long Beach Sets Record for Container Volume in a Year

The Port of Long Beach recovered from a rocky 2016 with a record-setting year in 2017, moving 7.5 million industry-standard twenty-foot-equivalent units, the port’s leader announced at the State of the Port address Jan. 24.

January 25, 2018

Forget NAFTA. The Trade War With Canada Has Already Started

Prime Minister Justin Trudeau is preparing for the possibility the U.S. may pull out of NAFTA. For Canadian companies, the trade skirmish has already begun.

January 25, 2018