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Business, Technology, Logistics

Ryder Expands Last-Mile Delivery Network With Boise Hub

Ryder Ryder's last-mile services. (Ryder via Business Wire)

Ryder System Inc. opened a facility in Caldwell, Idaho, as part of a strategic expansion of its last-mile network, the company announced May 17.

Connor D. Wolf | Staff Reporter
May 17, 2022
Business, Logistics

Home Depot Overcomes Slow Start to Year, Rising Home Prices

Home Depot Associated Press Photo/Wilfredo Lee, File

Home Depot’s first-quarter sales improved despite a slow spring start, and the home improvement chain raised its full-year guidance.

Michelle Chapman | Associated Press
May 17, 2022
Government, Business, Logistics

Retail Sales Show Consumers Standing Firm in Face of Inflation

Retail A shopper at a Target. (Daniel Acker/Bloomberg News)

U.S. retail sales grew at a solid pace in April, reflecting broad-based gains and suggesting demand for merchandise remains resilient despite rampant inflation.

Olivia Rockeman | Bloomberg News
May 17, 2022
Business, Logistics, TCA

Icebreaker Shortage Freezes Up Supply Chain on Great Lakes

A Canadian Coast Guard Icebreaker vessel A Canadian Coast Guard Icebreaker vessel at dawn, with the skylines of Detroit and Windsor, Ontario, in the background. (Steven_Kriemadis/Getty Images)

CLEVELAND — More than 1.6 million tons of cargo ship carrying capacity was delayed for 28 days due to ice conditions on Lake Superior, Lake Huron, Lake Michigan and in Green Bay. A lack of Coast Guard icebreakers hampered efforts to meet the needs of commerce.

The Star Beach | Ashtabula, Ohio
May 16, 2022
Business, Logistics

XPO Logistics Considers Sale of Freight-Forwarding Unit

An XPO Logistics LTL truck at company headquarters in Greenwich, Conn. An XPO Logistics LTL truck at company headquarters in Greenwich, Conn. (XPO Logistics)

XPO Logistics Inc. is considering a sale of its freight-forwarding unit as it continues to pursue divestitures, according to people with knowledge of the matter.

May 13, 2022
Business, Logistics

Bill Gates Sells $940 Million of CN Rail Stock

Bill Gates Bill Gates by Hollie Adams/Bloomberg News

Bill Gates sold about $940 million of Canadian National Railway Co. shares, trimming one of the largest holdings of the investment firm that controls his $117 billion personal fortune.

Scott Carpenter | Bloomberg News
May 13, 2022
Business, Logistics

Ryder Gets $4.4 Billion Takeover Offer From HG Vora

A Ryder truck HG Vora Capital has a 9.9% stake in Ryder and is offering $86 in cash for each Ryder share it doesn’t already own. (Ryder)

Ryder System Inc. on May 13 confirmed receipt of a $4.4 billion offer to be acquired by HG Vora Capital Management, a proposal that Wall Street analysts said reflects the high value the potential buyer sees in the leasing company’s business.

Connor D. Wolf | Staff Reporter
May 13, 2022
Business, Logistics, For-Hire, TCA

U.S. Xpress Cuts 70 Corporate, IT Jobs

U.S. XPress truck TT File Photo

After reporting a first-quarter loss of more than $8.9 million May 5, U.S. Xpress Enterprises confirmed May 12 it laid off about 70 of its corporate and information technology staff in response to less-than-anticipated growth in the company’s trucking business.

Dave Flessner | Chattanooga (Tenn.) Times Free Press
May 13, 2022
Government, Business, Technology, Equipment, Logistics

Congress Kicks Off Final Negotiations on Supply Chain, Semiconductor Bill

Cantwell Sen. Maria Cantwell, tasked with organizing the final bill, at a past hearing. (Drew Angerer/Getty Images/Bloomberg News)

Congressional policymakers formally kicked off negotiations on comprehensive legislation meant to facilitate domestic production of semiconductors and improve the movement of freight at ports.

Eugene Mulero | Senior Reporter
May 12, 2022
Business, Logistics, For-Hire

Trucking Continues to See Robust M&A Market

Hirshbach truck Hirschbach Motor Lines completed its acquisition May 2 of John Christner Trucking. (Hirschbach Motor Lines)

Trucking and logistics continue to see strong merger and acquisition activity, a trend that goes back more than a year.

Connor D. Wolf | Staff Reporter
May 12, 2022