Full Truck Alliance Group, China’s biggest app for Uber-like truck services, raised $1.9 billion in funding to fuel its expansion, sources familiar with the matter said.
April 25, 2018Search
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CN Rail Mulls Real Estate Sales to Raise Cash for Network Revamp
Canadian National Railway Co. will consider selling additional real estate to free up cash that can be plowed back into its network.
April 24, 2018XPO Logistics Appoints Troy Cooper, Kenneth Wagers to Executive Posts
XPO Logistics promoted Troy Cooper to the newly created position of president from COO, and appointed Kenneth Wagers COO with responsibility for operations in 32 countries.
April 24, 2018Litigation Dogs Lakeville Motor Express 15 Months After Minnesota Trucking Firm Shut Down
Pressures are mounting for the owners of the defunct trucking firm Lakeville Motor Express and its affiliates.
April 24, 2018Trump Pushing Hard to Reach NAFTA Agreement
With critical political deadlines fast approaching, the Trump administration is racing to strike a deal on a revamped North American Free Trade Agreement by early May — with an eye toward forcing a congressional vote on a new pact by the end of the year.
April 24, 2018Trump Says Mnuchin Going to China to Negotiate Trade in Days
Treasury Secretary Steven Mnuchin will depart for China to negotiate over U.S. trade disputes within days, President Donald Trump said.
April 24, 2018Amazon Starts Delivering Goods to Trunks of GMs, Volvos
Amazon.com has partnered with General Motors Co. and Volvo Cars to deliver packages to car trunks in 37 U.S. cities, as the e-commerce giant seeks new delivery methods for customers who may be wary of leaving packages outside or allowing couriers into their homes.
April 24, 2018Change-of-Address Scam Moved UPS Corporate Headquarters to Tiny Chicago Apartment, Feds Say
The timeworn apartment building in Chicago’s Rogers Park neighborhood hardly looks like the corporate headquarters of one of the world’s largest shipping companies. But for a few recent months, that’s essentially what it became — at least as far as the U.S. Postal Service was concerned.
April 23, 2018Southern Indiana Trucking Companies Battling ‘Catastrophic’ Driver Shortage
It’s just a paved lot now, but soon, one 16-acre property in River Ridge, Ind., will be the home of a comprehensive over-the-road truck driving school for Mister “P†Express, Inc.
April 23, 2018Alliance Airport in Texas Expands Runways to Attract More Cargo Firms
The long-awaited extension of two runways at Alliance Airport is complete, clearing the way for the north Fort Worth’s privately run cargo airfield to expand its services to include companies wishing to ship freight as far away as Europe.
April 23, 2018