Business, Top 50, Top 100

Gloom in Transports Sends Smoke Signal for US Stocks

Chart comparing transportation stocks to market on the whole

The latest warning sign for U.S. stocks is emerging from a corner of the market that investors closely watch to get a read on the state of the economy and the health of American consumers: Transportation shares.

Esha Dey | Bloomberg News
April 4, 2022
Government, Business, Logistics, Top 50

DeJoy Says He’s Been Cleared in Federal Probe

Postmaster General Louis DeJoy will be investigated by the House Oversight Committee. Postmaster General Louis DeJoy testifies during a House Oversight and Reform Committee hearing on the Postal Service on Aug. 24, 2020. (Tom Williams/Associated Press)

WASHINGTON — Postmaster General Louis DeJoy said March 31 that the Justice Department has closed without criminal charges an investigation into political fundraising activity at his former business.

March 31, 2022
Government, Business, Top 50

Secretary Walsh Optimistic About Port Workers’ Contract Talks

Labor Secretary Marty Walsh Labor Secretary Marty Walsh thinks negotiations will begin within the next four weeks. (Al Drago/Bloomberg News)

CARLISLE, Pa. — Labor Secretary Marty Walsh is optimistic that upcoming labor negotiations for workers at West Coast ports will progress smoothly, noting the critical role that dockworkers and port drivers play in keeping supply chains moving.

Dan Ronan | Associate News Editor
March 30, 2022
Business, Technology, Logistics, Autonomous, Top 50

Ceva, Kodiak Launch Autonomous Deliveries to Oklahoma

Kodiak-Ceva truck PR Newswire

Ceva Logistics announced it teamed up with autonomous commercial vehicle technology company Kodiak Robotics Inc. to deliver freight autonomously between Dallas-Fort Worth and Oklahoma City, expanding on an existing relationship.

March 9, 2022
Business, Logistics, Breaking News, Top 50

XPO to Split LTL, Freight Brokerage Businesses

XPO Logistics truck XPO Logistics

XPO Logistics is creating two new, stand-alone, publicly traded companies in the less-than-truckload and tech-enabled brokered transportation sector, the company announced March 8.

Dan Ronan | Associate News Editor
March 9, 2022
Government, Business, Logistics, Top 50

Port of Baltimore Announces Expansion

ZIM Port of Baltimore via Facebook

The Port of Baltimore on March 7 announced it is expanding container business at its Seagirt Marine Terminal as the Israeli-based ZIM Shipping Line will begin calls at the facility this summer.

March 8, 2022
Business, Logistics, Top 50

Brokers Expect Rising Contract Rates for 2022

C.H. Robinson truck C.H. Robinson via YouTube

Freight brokerage firms are anticipating that contract rates will keep rising this year, with a slowdown not expected until year’s end.

Connor D. Wolf | Staff Reporter
March 3, 2022
Business, Logistics, Top 50

GXO, Clipper Boards Agree to Terms on Acquisition

GXO warehouse A GXO employee operates a robotic arm at a warehouse. (GXO Logistics)

The GXO Logistics and Clipper Logistics boards of directors on Feb. 28 said they have agreed to terms on the contract logistics company’s previously announced potential acquisition of Clipper.

Connor D. Wolf | Staff Reporter
February 28, 2022
Business, Logistics, Top 50

Americold Narrows Loss, Names George Chappelle New CEO

Americold truck Americold

Refrigerated warehouse operator Americold Realty Trust narrowed its loss in the fourth quarter and posted a large gain in revenue. It also made interim CEO George Chappelle’s position permanent.

Jerry Hirsch | Contributing Writer
February 25, 2022
Business, Logistics, Top 50, TCA

DHL Express Sues City Over Possible Lockout at San Antonio Airport

DHL Supply Chain DHL airport services. (DHL)

International shipping services provider DHL Express has operated at San Antonio International Airport for more than 30 years, but it’s facing a possible lockout over an alleged lease violation.

Patrick Danner | San Antonio Express-News
February 17, 2022

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