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Montreal Firm FLS Transportation Services Acquires Scott Logistics

FLS Transportation Services, a Montreal-based 3PL, has announced the acquisition of Scott Logistics Corp., a freight broker headquartered in Georgia.

February 15, 2019

Pepsi Soothes Investors With Sales Growth, Plans for Payouts

PepsiCo Inc. rose in early trading as investors brushed off a lower profit forecast, instead focusing on sales growth in snacks and North American beverages and the company’s plans to return about $8 billion to shareholders this year.

February 15, 2019

XPO Logistics Reports Disappointing Earnings

XPO Logistics reported disappointing earnings for the fourth quarter of 2018 and lowered its guidance for 2019 due, in large part, to a sharp drop-off in shipments from its largest customer — believed to be Amazon.com.

February 14, 2019

Nuro Raises Nearly $1 Billion From SoftBank Vision Fund

Nuro, a robotics company specializing in automating local commerce deliveries, has secured $940 million in funding from the SoftBank Vision Fund, according to a Feb. 11 press release.

February 14, 2019

Amazon Ditches Plans for New York Headquarters

Amazon.com is pulling out of a plan to build a headquarters in New York City, after a backlash from some residents and politicians, the e-commerce giant said.

February 14, 2019

FedEx Logistics Announces Headquarters Move

FedEx Logistics will move its global headquarters to the former Gibson Guitar factory building in Memphis, Tenn., according to a Feb. 12 press release.

February 13, 2019

NFI Expands Brokerage, Intermodal Business With Purchase of SCR Air Services

NFI completed the purchase of SCR Air Services Inc., a Seattle-based freight brokerage firm that specializes in shipping food and other products needing temperature control, the company announced Feb. 11. Terms were not disclosed.

February 13, 2019

Redwood Logistics Acquires Strive Logistics

Redwood Logistics said it is acquiring Strive Logistics, a move that will create a multimodal freight brokerage firm with more than $1 billion in freight under management.

February 13, 2019

Tesla Racing to Get Model 3s to China Before Potential Tariff Hike

Tesla Inc. is loading as many Model 3 sedans as it can onto vessels destined for the People’s Republic ahead of March 1, when a trade-war truce between presidents Donald Trump and Xi Jinping is scheduled to expire.

February 13, 2019