Logistics

About Logistics News...

For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
 

Business, Logistics, Top 50

Montreal Firm FLS Transportation Services Acquires Scott Logistics

FLS Transportation Services, a Montreal-based 3PL, has announced the acquisition of Scott Logistics Corp., a freight broker headquartered in Georgia.

February 15, 2019
Business, Logistics, Top 100

George Soros Cuts Stake in Agriculture Giant ADM

ADM Mark Hirsch/Bloomberg News

Billionaire George Soros has cut his holdings in agriculture giant Archer Daniels Midland Co. by more than half as the company contends with sluggish commodity markets amid the U.S.-China trade war.

Millie Munshi | Bloomberg News
February 15, 2019
Business, Logistics, Top 100

Pepsi Soothes Investors With Sales Growth, Plans for Payouts

pepsi Luke Sharrett/Bloomberg News

PepsiCo Inc. rose in early trading as investors brushed off a lower profit forecast, instead focusing on sales growth in snacks and North American beverages and the company’s plans to return about $8 billion to shareholders this year.

Craig Giammona | Bloomberg News
February 15, 2019
Business, Logistics, Top 50, Top 100

XPO Logistics Reports Disappointing Earnings

XPO Logistics truck XPO Logistics via YouTube

XPO Logistics reported disappointing earnings for the fourth quarter of 2018 and lowered its guidance for 2019 due, in large part, to a sharp drop-off in shipments from its largest customer — believed to be Amazon.com.

Daniel P. Bearth | Staff Writer
February 14, 2019
Business, Technology, Logistics, Autonomous

Nuro Raises Nearly $1 Billion From SoftBank Vision Fund

Kroger and Nuro's R1 driverless delivery vehicle Kroger and Nuro's R1 driverless delivery vehicle. (Andrew Brown/The Kroger Co. via AP)

Nuro, a robotics company specializing in automating local commerce deliveries, has secured $940 million in funding from the SoftBank Vision Fund, according to a Feb. 11 press release.

February 14, 2019
Government, Business, Logistics

Amazon Ditches Plans for New York Headquarters

Amazon Mark Lennihan/Associated Press

Amazon.com is pulling out of a plan to build a headquarters in New York City, after a backlash from some residents and politicians, the e-commerce giant said.

Alistair Barr | Bloomberg News
February 14, 2019
Business, Logistics, Top 100

FedEx Logistics Announces Headquarters Move

Former Gibson Guitar factory in Memphis The former Gibson Guitar factory in Memphis. (Adrian Sainz/AP)

FedEx Logistics will move its global headquarters to the former Gibson Guitar factory building in Memphis, Tenn., according to a Feb. 12 press release.

February 13, 2019
Business, Logistics

NFI Expands Brokerage, Intermodal Business With Purchase of SCR Air Services

NFI intermodal containers travel by rail NFI

NFI completed the purchase of SCR Air Services Inc., a Seattle-based freight brokerage firm that specializes in shipping food and other products needing temperature control, the company announced Feb. 11. Terms were not disclosed.

February 13, 2019
Business, Logistics, Top 50

Redwood Logistics Acquires Strive Logistics

Dispatchers at Redwood Logistics' Chicago office Dispatchers at Redwood Logistics' Chicago office. (Redwood Logistics)

Redwood Logistics said it is acquiring Strive Logistics, a move that will create a multimodal freight brokerage firm with more than $1 billion in freight under management.

February 13, 2019
Government, Business, Technology, Logistics

Tesla Racing to Get Model 3s to China Before Potential Tariff Hike

Tesla Thousands of Teslas are getting loaded on ships heading to China. (David Paul Morris/Bloomberg News)

Tesla Inc. is loading as many Model 3 sedans as it can onto vessels destined for the People’s Republic ahead of March 1, when a trade-war truce between presidents Donald Trump and Xi Jinping is scheduled to expire.

Dana Hull | Bloomberg News
February 13, 2019

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