Logistics
XPO Sets GXO Logistics as Name of New Spinoff Company
GXO via YouTube (left) and XPO Logistics via YouTube
XPO Logistics has selected GXO Logistics as the name of the stand-alone logistics company that it will spin off from its larger operation later this year.
March 18, 2021Experts Foresee Strong Demand for Packaged Goods After COVID Subsides
Amazon workers package merchandise for delivery at a distribution facility in Phoenix.(David Paul Morris/Bloomberg News)
Demand for consumer packaged goods jumped amid the coronavirus, but indications are it will remain elevated even after the pandemic eases.
March 17, 2021Intel, Ford Urge Tax Benefits for Chips, US Manufacturing
A worker assembles a vehicle component at the Ford Motor Co. Chicago Assembly Plant. (Daniel Acker/Bloomberg News)
Foreign producers of semiconductors, electric car batteries and pharmaceuticals will continue to squeeze U.S. manufacturing unless Congress provides more incentives for domestic production, representatives from Intel Corp. and Ford Motor Co. said March 16.
March 16, 2021Amazon Closes Canadian Facility Hit by COVID
Amazon Prime semi-trailers at a fulfillment center in Baltimore, Md. (Andrew Harrer/Bloomberg News)
Amazon .com Inc. has been ordered to close a facility outside Toronto for two weeks as public health officials worry about rising COVID-19 cases inside the complex.
March 12, 2021Maersk Is Said to Weigh Sale of $1 Billion Cold Container Unit
Port of Los Angeles
A.P. Moller-Maersk A/S is considering a sale of its refrigerated container business as demand for the cold storage units surges during the COVID-19 pandemic, according to people familiar with the matter.
March 10, 2021IHS Expects Trucking Recovery Despite Concerns in 2021
A view of the exhibit floor from the 2020 Work Truck Show in Indianapolis. This year's event is being held virtually. (Connor D. Wolf/Transport Topics)
Trucking is likely to see strong gains this year, but risks remain as the economy tries to leave the coronavirus behind, according to IHS Markit.
March 9, 2021Port Officials, Retailers See Congestion Lasting for Months
A view of Port Los Angeles from the San Pedro section of the facility. (Getty Images)
Long delays at the nation’s ports are causing companies to rethink their long-term strategies about where their products are manufactured and how to get them to customers.
March 9, 2021Uber Freight Expands Procurement Options With Market Access
John Sommers II for Transport Topics
Uber Freight has launched a new procurement channel that enables shippers to source capacity directly over its freight marketplace.
March 9, 2021Traffic Volumes Continue to Climb Amid Pandemic
New York City traffic from Brooklyn crosses the Williamsburg Bridge to enter Manhattan in March of 2019. (Mary Altaffer/Associated Press)
Traffic levels related to freight movement generally have fared better than levels associated with other modes of transportation during the COVID-19 pandemic, but future travel trends remain hard to predict.
March 8, 2021Amazon Spends $131 Million for Stake in Cargo Airline ATSG
Amazon signage is displayed in front of a company warehouse in Staten Island In March 2020. (Michael Nagle/Bloomberg News)
Amazon .com Inc. has scooped up a minority stake in a cargo airline that operates a portion of its fast-growing air-cargo division, the latest sign of the retailer’s long-term ambitions to expand its airfreight operations.
March 8, 2021