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XPO Finishes Acquisition of Kuehne + Nagel’s European Logistics

XPO Logistics has completed its acquisition of the majority of Swiss firm Kuehne + Nagel’s European logistics, the company announced Jan. 4.

January 4, 2021

FedEx Reports Record FY Q2 Net Sales of $20.5 Billion

The global surge in e-commerce brought on by the coronavirus pandemic combined with online holiday shopping sent net quarterly sales for FedEx Corp. above $20 billion for the first time in its history, and led to an increase in net income as well, the company reported Dec. 17.

December 17, 2020

FedEx, UPS Tell Senators of Vaccine Distribution Readiness

Two of the country’s largest freight firms reassured federal lawmakers of their preparedness in helping to deliver COVID-19 vaccines as early as this month.

December 8, 2020

Penske Announces Fleet Upgrade Leasing Program

Penske Truck Leasing launched a program that lets carriers sell their old trucks so they can lease a new one, the company announced Dec. 7.

December 7, 2020

XPO Logistics Plans to Split Into Two Companies

XPO Logistics Inc. plans to split into two by spinning off its logistics business in a tax-free transaction that will create a separate publicly traded company.

December 2, 2020

FedEx to Buy ShopRunner in E-Commerce Push

FedEx Corp. has agreed to acquire ShopRunner, an e-commerce service that provides shipping for more than 100 brands, as the courier seeks to deepen its ties with online shoppers.

December 2, 2020

Penske Logistics to Acquire Black Horse Carriers

Penske Logistics announced it reached an agreement to acquire Chicago-based trucking company Black Horse Carriers Inc.

December 2, 2020

Coronavirus Likely Altered Supply Chains Permanently, XPO’s Chowdhury Says

Supply chains have changed dramatically to adapt to the coronavirus, but many of those changes may outlast the pandemic.

December 2, 2020

DHL Unveils Four Electric Tractor-Trailers

DHL furthered its green efforts with the launch of a new fleet of electric tractor-trailer vehicles, the company announced Nov. 17.

November 18, 2020