A.P. Moller-Maersk A/S, the world’s largest container carrier, is working at full capacity and can’t yet see a peak in freight rates that have already been propelled to record highs by pandemic consumer spending.
January 6, 2021Search
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Lineage Logistics Acquires Refrigerated Rail Company Cryo-Trans
Cold-storage specialist Lineage Logistics is branching into rail.
January 5, 2021XPO 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, 2021J.B. Hunt Adds Temperature-Controlled Services to Tech Platform
J.B. Hunt Transport Services Inc. announced the availability of temperature-controlled transportation services within its Shipper 360 by J.B. Hunt technology platform.
December 18, 2020FedEx 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, 2020FedEx, 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, 2020Penske 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, 2020XPO 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, 2020FedEx 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, 2020Penske 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