Business, Logistics

Blackstone to Acquire Gramercy Property in $7.6 Billion Deal

Blackstone sign Victor J. Blue/Bloomberg

Blackstone Group agreed to acquire Gramercy Property Trust, which owns industrial real estate in the United States and Europe, in a cash deal valued at $7.6 billion.

Sarah Syed and Sarah Mulholland | Bloomberg News
May 7, 2018
Business, Fuel, Logistics

Oil, Sand Railcars Compete for Track Space in Permian Basin

Kurt Haubrich/Flickr

Oil producers may be getting in their own way in the race to pump crude from the fertile Permian Basin.

Sheela Tobben | Bloomberg News
May 4, 2018
Business, Equipment, Logistics

Canadian National to Buy 350 Center Beam Railcars

Canadian National Railway Brent Lewin/Bloomberg News

Canadian National Railway plans to purchase 350 73-foot center beam railcars to meet the growing demand for transporting lumber products, the Montreal-based railroad announced May 2.

Transport Topics
May 3, 2018
Business, Technology, Logistics, Top 100

Profit, Revenue Grow at XPO as It Invests in Tech

XPO Logistics facility TT file photo

XPO Logistics Inc. reported on May 2 that its first-quarter results vaulted more than 100%, stemming from the heightened demand from domestic freight and last-mile delivery.

Burney Simpson | Staff Reporter
May 2, 2018
Business, Logistics

C.H. Robinson Reports Higher First-Quarter Revenue, Profits

C.H. Robinson HQ TT File Photo

C.H. Robinson Worldwide reported strong revenue growth and higher profits in the first quarter of 2018 and said it expects strong demand and tight capacity conditions to continue through the rest of the year.

Daniel P. Bearth | Staff Writer
May 1, 2018
Government, Business, Logistics

Trump Administration Softens Expectations for a US-China Trade Deal This Week

Kevin Dietsch/Pool via Bloomberg News

The Trump administration sought to temper expectations for a swift breakthrough on trade issues with China as a delegation of senior U.S. officials prepares to visit Beijing this week.

Andrew Mayeda | Bloomberg News
May 1, 2018
Business, Logistics, TCA

Philadelphia Truckers Set to Strike Over Coca-Cola Plan to Ax Pension

MPCA Photos/Flickr

Leaders of Teamsters Local 830, whose members load, drive and deliver drinks from breweries and soda plants in the Philadelphia area, said members are ready to strike to preserve their pensions as tough negotiations with Coca-Cola’s new regional affiliate face an impasse over continued funding for the workers’ pension plan.

Joseph N. DiStefano | The Philadelphia Inquirer
May 1, 2018
Business, Logistics

FedEx Rolls Out First Hydrogen-Fueled Delivery Van in New York

Scott McIntyre/Bloomberg News

FedEx Corp. has begun delivering packages in upstate New York with its first hydrogen-powered van in North America.

Chris Martin | Bloomberg News
May 1, 2018
Government, Business, Logistics, TCA

California Court Ruling Targets Independent Contractor Classification

Truck driver Getty Images

In a ruling that could change the workplace status of people across the state, the California Supreme Court made it harder April 30 for employers to classify their workers as independent contractors.

Maura Dolan and Andrew Khouri | Los Angeles Times
May 1, 2018
Business, Logistics, Top 100, Top 50

John Smith Appointed Mike Ducker’s Successor as FedEx Freight President, CEO

FedEx Freight Sean Davis/Flickr

Transportation industry veteran John Smith will become president and CEO of FedEx Freight on Aug. 16, moving up from his position as senior vice president of operations at the FedEx Corp. subsidiary.

Burney Simpson | Staff Reporter
May 1, 2018