Port Manatee set records for container volume and cargo tons moved during its recently completed fiscal year, besting marks set in 2010 for both categories.
October 11, 2017Search
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XPO Logistics Named Forbes Growth Champion as Revenue Rockets to $14.6 Billion
Greenwich, Conn.-based transportation and delivery services company XPO Logistics was the top performing U.S. company on Forbes’ list of Growth Champions, released Oct. 10.
October 11, 2017Logistics Revenues Due to Go Up in Quarterly Reports, but Margins Still Drag Down Profits
Third-party logistics firms capitalized on stronger demand to transport freight this summer but spent more to purchase trucks, resulting in what Wall Street analysts predict will be a mixed-earnings season.
October 11, 2017New Report Projects $1.1 Trillion Market for Global Logistics Services in 2022
Global spending on third-party logistics services is projected to top $1.1 trillion in 2022 from $802 billion in 2016, according to new estimates by Armstrong & Associates Inc.
October 11, 2017FBI Group Acquires Third Canadian Freight Brokerage Firm
Freight Brokers International Corp., a freight brokerage firm in Vaughan, Ontario, that goes by the name The FBI Group, has agreed to acquire another brokerage firm, Consolidated Carriers, based in Markham, Ontario.
October 10, 2017UPS Starting Negotiations on Massive Teamsters Contracts
UPS says it has started contract talks with the International Brotherhood of Teamsters on new collective bargaining agreements covering 250,000 workers.
October 10, 2017Ports of Seattle, Tacoma Face Chassis Shortage
Truck drivers are facing a shortage of chassis to haul 40- and 45-foot containers from the ports of Seattle and Tacoma, according to The Northwest Seaport Alliance.
October 9, 2017Belgian Mail Carrier Bpost to Buy Amazon Rival Radial for $820 Million
Bpost SA, the European mail carrier controlled by the Belgian state, agreed to buy former eBay Inc. enterprise unit Radial to bolster its U.S. delivery services.
October 9, 2017TMC Workforce Expands Supply Chain Business With Purchase of Summitline Industries
TMC Workforce Solutions, a national staffing and recruiting firm based in Houston, announced it has acquired Summitline Industries in Fort Wayne, Ind., as part of an effort to expand its supply chain support business.
October 9, 2017Flexport Raises $110 Million to Fund Expansion
Flexport has raised $110 million in funding to “double down” on its web-based business model for freight forwarding.
October 10, 2017