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XPO Says GXO Spinoff Should Be Completed by Q3

XPO Logistics has moved up the potential timeline to complete a spinoff of its logistics operations into a separate company, and also has provided updated financial guidance that forecasts strong growth for the planned independent company.

June 9, 2021

Disruptions Add More Stress to Already Strained Capacity Market

Already stressed capacity is facing new pressure as the economy recovers from the coronavirus pandemic and demand increases.

May 13, 2021

C.H. Robinson Posts Big Q1 Gains in Profit, Revenue

C.H. Robinson Worldwide posted large gains in profits and revenue during the first quarter, driven by higher pricing and increasing cargo volume across most of its service lines.

April 28, 2021

Apples $430 Billion US Investment Includes XPO-Run Facility

XPO Logistics will operate a $100 million state-of-the-art facility and distribution center in Clayton, Ind., for technology giant Apple, the company said April 26.

April 27, 2021

Hapag-Lloyd CEO Says Ocean-Shipping Demand Staying Very Strong

Robust demand for shipping goods across the worlds oceans shows no signs of slowing down, the chief executive of Germanys largest container carrier said, signaling that elevated rates in the tight market for seaborne cargo may extend into the second half of the year.

April 9, 2021

Pilot Freight Services Acquires DSI Logistics

Pilot Freight Services announced it acquired DSI Logistics, a nonasset-based provider of last-mile home delivery and installation for heavy and hard-to-handle goods.

April 8, 2021

Syncreon Holdings Reported to Be Weighing $1.5 Billion Sale

The owners of supply-chain services company Syncreon Holdings are exploring a sale of the company that could value it at as much as $1.5 billion, including debt, according to people with knowledge of the matter.

April 8, 2021

XPO Logistics Announces Hiring Plans, Taps CFO for Spinoff GXO

XPO Logistics plans to fill more than 1,400 positions to meet growing demand in its less-than-truckload business.

April 7, 2021

XPO Opening Automated Logistics Facility in Indiana

XPO Logistics will open an automated logistics facility in Clayton, Ind., at one of the states major logistics hubs in Hendricks County. The new facility is expected to employ 800 people and become fully operational sometime this summer, according to XPO.

March 24, 2021