GXO Logistics announced Sept. 14 it has entered into a definitive agreement to acquire the high-end e-commerce order fulfillment platform PFSweb.
September 14, 2023Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
GXO Agrees to Buy PFSweb for First US-Based Acquisition
Biden’s Rules on Clean Transportation Face a Crucial Test
WASHINGTON — Efforts by the Biden administration to limit pollution from tailpipes face a crucial test as legal challenges brought by GOP-led states head to a federal appeals court.
September 14, 2023Port of Long Beach’s Hacegaba Sees Better Days Ahead in 2024
LONG BEACH, Calif — Port of Long Beach Chief Operating Officer Noel Hacegaba said the port is down nearly 27% year-to-date compared with 2022, but he believes business is turning around.Â
September 14, 2023Electric Vehicle Sales Hit Critical Mark
Electric cars are smashing all kinds of records in the U.S. Their share of new cars exceeded 7% for the first half of the year, speeding past a critical tipping point for mass adoption.
September 14, 2023August Class 8 Sales Down 1%
U.S. Class 8 retail sales in August stayed about the same from the year-ago period but increased from the prior month, Wards Intelligence reported.
September 14, 2023Volvo Charts Customer-Focused Path for Zero-Emission Goals
GOTHENBURG, Sweden — Leaders from Volvo Trucks said they’re taking a customer-focused approach to achieving corporate goals for reduction of carbon emissions.
September 14, 2023Startup Merger Partners Eye Class 8 Truck Launch by 2027
Proposed merger partners ElectraMeccanica and Tevva plan to launch a Class 8 hybrid electric and hydrogen-powered truck in the United States in 2027, ElectraMeccanica CEO Susan Docherty said.
September 13, 2023ATA Leader Chris Spear Presses Congress for AV Framework
WASHINGTON — Automated vehicles would gain greater adoption with a nationwide policy framework, Chris Spear, president of American Trucking Associations, told members of Congress on Sept. 13.
September 13, 2023Nearshoring Boom Faces Growing Pains
The escalation of nearshoring this year has brought an increased need to bolster infrastructure investments and supply chain operations, according to experts.
September 13, 2023Commerce Department Touts Indo-Pacific Pact
The U.S. Commerce Department is pitching its landmark multinational pact to strengthen supply chains with 13 Indo-Pacific nations.
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