Logistics News

About Logistics News...

For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
 

GovernmentBusinessLogistics

Cargo Airline Western Global Goes Bankrupt

Florida-based Western Global Airlines filed for bankruptcy protection with plans to slash its debt load after the cargo airline faced a cash crunch.

August 7, 2023
BusinessLogisticsPrivate

Tyson Foods to Close Four Chicken Processing Plants

Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs.

August 7, 2023
BusinessLogisticsFor-Hire

XPO Reports Q2 Income, Revenue Decline

XPO saw second-quarter net income and revenue decline, but the company sees momentum headed into the third quarter.

August 4, 2023
BusinessLogistics

Canada’s Titanium Transportation Buys Georgia’s Crane

Titanium Transportation Group acquired Oakwood, Ga.-based Crane Transport to drive growth of the Canadian company’s U.S. logistics business, it said.

August 4, 2023
GovernmentBusinessLogisticsFor-Hire

Yellow Closure Reshuffles LTL Sector

Less-than-truckload carrier Yellow Corp.'s ceasing of operations on July 30 after nearly 100 years in business is causing an upheaval for both its customers and the broader LTL market.

August 3, 2023
BusinessLogisticsFor-Hire

Schneider Sees Drop in Q2 Earnings

Schneider National on Aug. 3 announced that both income and revenue fell during the second quarter.

August 3, 2023
BusinessLogistics

GXO Beats Wall Street Predictions, Boosts Q2 Profit 27%

GXO Logistics, the contract logistics provider that was spun off two years ago from its parent company XPO, reported stronger-than-expected second-quarter results on Aug. 2.

August 3, 2023
BusinessEquipmentLogisticsFor-Hire

Schneider Acquires M&M Transport

Schneider National Inc. announced that it is acquiring dedicated contract carrier M&M Transport Services.

August 3, 2023
BusinessLogisticsGlobal Freight

Global Ocean Shipping Costs Creep Higher

Spot rates for shipping containers jumped by the most in more than two years, a sign that a 16-month slump in ocean freight costs that helped ease the sting of goods inflation is over.

August 3, 2023
BusinessLogistics

Weaker Freight Rates, Brokerage Gross Margin Hurt RXO Profits

Lower freight rates, a moderation in brokerage gross margin and the cost of operating as a stand-alone public company hurt profits at RXO Inc. in the second quarter of 2023.

August 2, 2023