XPO Logistics, including the former Con-way Freight, filed a six-count civil complaint against R+L Carriers in U.S. District Court in Detroit, alleging that R+L acted illegally in raiding employees from XPO.
February 22, 2016Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Odyssey Logistics Posts Double-Digit Gains in Past Year
New products and services including a cloud-based system have helped Odyssey Logistics post double-digit growth during the past year.
February 18, 2016Biden Calls for Increased Transportation Infrastructure Investment
Vice President Joe Biden called for greater public investment in transportation infrastructure during a Feb. 17 visit to a logistics yard east of Memphis, Tennessee.
February 18, 2016Amazon Expands Deliveries by Its 'On-Demand' Drivers
SAN FRANCISCO — Amazon.com Inc. is quietly inviting drivers for its new "on-demand" delivery service to handle its standard packages, as the online retailer known for low prices and razor-thin profit margins looks to speed up delivery times and tamp down its growing multibillion-dollar logistics bill.
February 18, 2016CP’s Quest for Norfolk Southern Intensifies
MIAMI — Canadian Pacific Railway Ltd. and Norfolk Southern Corp. have upped the stakes in a $30 billion battle for control of the U.S. railway, as the potential acquirer said it would take its case directly to NS shareholders.
February 15, 2016NTSB Rips FMCSA on Crash
The Federal Motor Carrier Safety Administration was publicly criticized by the National Transportation Safety Board for “inadequate safety oversight of high-risk carriers” after an investigation of a fatal crash in Illinois in which fatigue was blamed.
February 15, 2016CP to Drop Norfolk Southern Pursuit if Resolution Fails, CEO Says
Canadian Pacific Railway Ltd. is ready to end efforts to buy Norfolk Southern Corp. if shareholders of the U.S. railroad reject a resolution calling for merger talks, the head of the Calgary-based company said.
February 11, 2016Maersk Profit Plunges as Oil, Container Units Suffer
A.P. Moeller-Maersk A/S reported an 84% plunge in 2015 profit after its oil unit was hit by lower energy prices and the container division got squeezed between sluggish trade growth and overcapacity. The shares fell the most in almost a year.
February 10, 2016Saia, Echo Report Lower Fourth-Quarter Earnings
Weaker freight market conditions drove net income down 16% at less-than-truckload carrier Saia Inc., which reported a profit of $11.4 million, or 45 cents a share, and Echo Global Logistics Inc. earnings declined 64% to $1.7 million, or 6 cents a share, hurt by acquisition-related costs.
February 5, 2016XPO Logistics Suit Claims YRC Poached Execs, Stole Trade Secrets
XPO Logistics Inc. filed suit against YRC’s Freight unit, claiming that the company poached seven management employees, including two vice presidents, and stole trade secrets around the time that XPO was completing the acquisition of Con-way Inc.
February 8, 2016