XPO Logistics' upcoming spinoff, GXO Logistics, has priced an offering of $800 million on investments notes with registration rights, the company announced June 17.
June 18, 2021Business, Logistics, Top 50, Top 100
XPO Announces GXO’s $800 Million Notes Offering
Business, Technology, Safety, Logistics, Top 100
Transportation Companies Prepare for Hurricane Season
Summer means the start of hurricane season in the Atlantic Ocean and many of the world’s biggest transportation companies are taking steps to prepare for what some forecasters say could once again be above-average activity along the Atlantic Coast and the Gulf of Mexico.
June 17, 2021Business, Technology, Autonomous, Top 100
Locomation Adds PGT Trucking to Its Autonomous Convoy
Self-driving technology company Locomation announced motor carrier PGT Trucking Inc. is the latest fleet to sign up for its human-guided autonomous truck convoying technology.
June 16, 2021Business, Technology, Top 100
Forward Air Expands LTL Service in Washington
Forward Air Corp. will expand its expedited less-than-truckload service into Spokane, Wash., the company announced June 14.
June 15, 2021Business, Top 100
Forward Air Institutes Destination-Based Compensation Increase
Forward Air Corp. is pursuing a new destination-based compensation increase for its fleet partners within its LTL and truckload divisions, the company announced June 8.
June 11, 2021Business, Equipment, Breaking News, Top 100
Class 8 Sales in May Jump 98.4% Year-Over-Year
U.S. Class 8 retail sales in May cleared 18,000 and trounced year-earlier levels that had plunged amid the pandemic, WardsAuto .com reported.
June 10, 2021Business, Technology, Autonomous, Top 100
J.B. Hunt, Waymo Partner to Test Self-Driving Trucks in Texas
J.B. Hunt Transport Services has partnered with autonomous vehicle developer Waymo to move freight with self-driving trucks in Texas.
June 10, 2021Business, Logistics, Top 100
Manager’s Road Back to Baseball Took a Trucking Turn
Phillip Wellman is a baseball lifer, but a stint as a trucking fleet manager left an indelible impression.
June 8, 2021Government, Business, Top 100, TCA
CSX Plan to Buy Pan Am Railways Rejected
SPRINGFIELD, Mass. — Federal regulators recently rejected CSX’s plan to buy Pan Am Railways Inc., which operates 1,200 miles of track.
June 7, 2021Business, Technology, Top 50, Top 100
J.B. Hunt Boosts Supply Chain Inclusivity With $1 Million Scholarship Fund
J.B. Hunt Transport Services and the University of Arkansas jointly endowed a $1 million scholarship fund June 2 to advance supply chain sustainability and inclusivity.
June 7, 2021