Government, Business, Logistics, Top 100

More Trucking Acquisitions Ahead for 2022

Acquisitions stockstudioX/Getty Images

The trucking industry experienced a surge in acquisitions during the past year, with more expected to occur in 2022.

Connor D. Wolf | Staff Reporter
December 27, 2021
Business, Top 50, Top 100

XPO Hosts Conference for Women in Leadership

XPO XPO RISE participants. (XPO Logistics Inc.)

XPO Logistics held its inaugural Women in Leadership Conference in Atlanta Nov. 17-19.

December 22, 2021
Business, Top 100

CFI Raises $39,000 for Eight Charities During Holiday Giving Campaign

CFI CFI volunteers during a Toys for Tots parade. (CFI)

CFI and its associates raised $39,000 to support local charities in communities where its employees live and work across the U.S., Canada and Mexico, the company announced Dec. 8.

December 22, 2021
Business, Logistics, Top 100

UPS to Buy $1.5 Billion of Boeing Freighters as Air Cargo Booms

UPS to Buy $1.5 Billion of Boeing Freighters as Air Cargo Booms UPS Inc. cargo planes loaded with packages land and take off at UPS World Port Center at Louisville International Airport in Louisville, Ky. (John Sommers II for Transport Topics)

UPS Inc. agreed to buy 19 Boeing Co. freighter jets as soaring e-commerce and snarled shipping lines lead to a boom in air-cargo demand.

Richard Clough | Bloomberg News
December 21, 2021
Business, Technology, Fuel, Logistics, Autonomous, Top 100, TCA

BrightDrop Delivers First Electric Vans to FedEx

BrightDrop FedEx van GM's BrightDrop EV600 electric van for FedEx. (General Motors via AP)

BrightDrop, General Motors Co.’s new electric delivery and logistics business, has delivered the first five vans of an order of 500 to FedEx Corp., the company said Dec. 17.

Kalea Hall | The Detroit News
December 17, 2021
Business, Logistics, Top 100

FedEx Surges After Higher Rates Boost Profit, Ease Labor Worries

FedEx Surges After Higher Rates Boost Profit, Ease Labor Worries An independent contractor to FedEx Corp. unloads packages from a delivery truck on Cyber Monday in New York. (Michael Nagle/Bloomberg)

FedEx Corp. rode increased prices to post profit above analysts’ estimates, bolstering the company’s outlook and easing investor concerns over higher labor U.S. costs. The shares rose in late trading.

Thomas Black | Bloomberg News
December 16, 2021
Business, Logistics, Top 100, TCA

FedEx Invests $72 Million in Miami Airport Cargo Hub

FedEx Invests $72 Million in Miami Airport Cargo Hub A FedEx Express Boeing 777-FS2 aircraft taxis after arriving at the FedEx Express hub at Memphis International Airport. (Daniel Acker/Bloomberg)

FedEx Corp. began operations Dec. 15 at its substantially bigger air cargo hub at Miami International Airport. The $72 million addition, two years under development and roughly the size of two football fields, doubles the hub’s size to 282,000 square feet.

Anna Jean Kaiser | Miami Herald
December 16, 2021
Business, Top 100

Cowan Systems Announces New CEO, President

A Cowan Systems truck yard Baltimore-based Cowan Systems offers dry van and refrigerated truckload, dedicated contract carriage, warehousing, driver leasing, intermodal, drayage and freight brokerage. (Cowan Systems/YouTube)

Joseph Cowan is stepping down as the longtime CEO of truckload carrier Cowan Systems LLC Dec. 31 and President Dennis Morgan will be promoted to CEO.

Dan Ronan | Associate News Editor
December 14, 2021
Business, Top 100

Central Freight Lines Shuts Down After Nearly a Century in Business

Central Freight Lines truck Central Freight Lines ranked 21st among LTL carriers with about $255 million in revenues in 2020, according to Cowen & Co. (TT File Photo)

Central Freight Lines is ceasing operations after nearly a century in business, according to reports Dec. 11.

Connor D. Wolf | Staff Reporter
December 13, 2021
Business, Logistics, Top 100

Forward Air Announces General Rate Increase

Forward Air A Forward Air truck. (John Sommers II for Transport Topics)

Forward Air Corp. announced a general rate increase of 7.9%, applicable to rates established under existing tariffs effective Feb. 1.

December 9, 2021

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