XPO Logistics Inc. plans to split into two by spinning off its logistics business in a tax-free transaction that will create a separate publicly traded company.
December 2, 2020Search
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FedEx to Buy ShopRunner in E-Commerce Push
FedEx Corp. has agreed to acquire ShopRunner, an e-commerce service that provides shipping for more than 100 brands, as the courier seeks to deepen its ties with online shoppers.
December 2, 2020Penske Logistics to Acquire Black Horse Carriers
Penske Logistics announced it reached an agreement to acquire Chicago-based trucking company Black Horse Carriers Inc.
December 2, 2020Central Freight Lines Taps Jerry Moyes as CEO
Less-than-truckload carrier Central Freight Lines Inc. announced it named Jerry Moyes CEO, effective immediately.
December 2, 2020Coronavirus Likely Altered Supply Chains Permanently, XPO’s Chowdhury Says
Supply chains have changed dramatically to adapt to the coronavirus, but many of those changes may outlast the pandemic.
December 2, 2020KLLM, Pride Transport Increase Pay for Truck Drivers
KLLM Transport Services and Pride Transport joined the surge of trucking companies set to raise driver pay.
December 1, 2020J.B. Hunt Acquires Mass Movement to Expand Final-Mile Offerings
J.B. Hunt Transport Services Inc. acquired the assets of Mass Movement, the company announced Nov. 30.
November 30, 2020KAG Completes Acquisition of Fort Transfer Co.
The Kenan Advantage Group Inc. announced it completed the acquisition of Fort Transfer Co. in Morton, Ill.
November 13, 2020Carriers Highlight Industry Issues Persisting After Volatile Year
Trucking companies detailed the market challenges that persist in the waning weeks of 2020 during a three-day conference on economic trends.
November 10, 2020XPO Posts Revenue Increase, Net Income Decrease in Q3
XPO Logistics Inc. saw revenue tick up and net income dip in the third quarter, and the company said business activity has bounced back from earlier downturns.
November 5, 2020