GXO Logistics Inc. experienced an increase in third-quarter earnings on revenue growth despite the softer freight environment, the company reported Nov. 7.
November 8, 2023Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
$4 Million Lets Shipper Cut to Front of Line at Panama Canal
Japan’s Eneos Group paid $3.975 million in an auction Nov. 8 to jump to the front of the line at the congested Panama Canal waterway, a record high.
November 8, 2023US Plans to Build a Terminal at Sri Lanka’s Colombo Port
COLOMBO, Sri Lanka — The U.S. announced a $553 million project Nov. 8 to build a deep-water shipping container terminal in Sri Lanka’s Port of Colombo.
November 8, 2023Rivian to End Exclusivity With Amazon
Electric vehicle maker Rivian said Nov. 7 that it will allow other companies to purchase its fleet of delivery vans, ending an exclusive agreement with Amazon.
November 8, 2023RXO Reports Negative Earnings in Soft Q3 Market
RXO reported negative net income and a 14% decline in revenue during the third quarter.
November 7, 2023Uber Delivers Mixed Report as Profit Grows, Revenue Slows
Uber Technologies gave a mixed picture of its business, showing a second consecutive profitable quarter and an increase in demand for rides and delivery but also slowing revenue growth.
November 7, 2023Virginia Gov. Youngkin Lauds 3PL Provider’s Facility Expansion
Virginia Gov. Glenn Youngkin announced a $2 million expansion of Wytheville-based Camrett Logistics to grow its capacity and provide green supply chain technology.
November 6, 2023House Committee Passes Bill to Protect Moving Privacy
Legislation designed to safeguard certain identifiable information of individuals moving internationally was advanced this month by a committee in the U.S. House of Representatives.
November 6, 2023Dry Panama Risks Driving Large Oil Tankers Away From Canal
Dry weather is set to force large oil tankers to completely stop using the Panama Canal, requiring the vessels to extend their voyages by thousands of miles, a shipping researcher said.
November 6, 2023Work Begins on $16.1 Billion New York-New Jersey Tunnel
The $16.1 billion, long-delayed, once-canceled effort to build a new rail tunnel linking New York and New Jersey is officially starting construction after more than a decade of false starts.
November 3, 2023