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BusinessLogisticsTop 100

Amazon Stock Rally Erases Losses for the Year

Amazon .com Inc. shares rallied March 28, with the e-commerce giant becoming the first of megacap tech stocks to erase losses for the year.

March 28, 2022
BusinessTechnologyLogistics

IMC Welcomes Fields as Human Resources VP

IMC Cos. hired Sabrina Fields to fill the role of vice president of people strategies and human resources. Fields previously served in human resource leadership roles at International Flavors & Fragrances, Rich Products Corp. and J.R. Simplot.

March 25, 2022
BusinessLogistics

Chicago Commuter Rail System Opposes Proposed CP-KCS Merger

One of the largest commuter railroads in the country is objecting to the proposed $31 billion merger between Class I freight rail carriers Canadian Pacific Railway and Kansas City Southern.

March 25, 2022
BusinessEquipmentLogisticsTop 100

XPO Sells Intermodal Unit to STG Logistics for $710 Million

XPO Logistics Inc. announced March 25 it has sold its North American intermodal business to STG Logistics, a Chicago-based provider of import-export and value-added warehouse logistics services, for a cash price of $710 million.

March 25, 2022
GovernmentBusinessLogistics

Warren Says Ocean Freight Alliances Add to Inflation

Sen. Elizabeth Warren (D-Mass.) blamed rising U.S. inflation in part on the largest ocean shipping companies, calling 鈥渢he anti-competitive nature鈥 of the industry the root cause of soaring prices to transport goods around the global economy.

March 25, 2022
GovernmentFuelLogisticsTCA

USPS Doubles EV Order From Oshkosh

The U.S. Postal Service announced March 24 it ordered more than 10,000 new electric delivery trucks, up from the 5,000 the agency had initially planned to purchase.

March 24, 2022
BusinessTechnologyLogistics

Truckstop Introduces Load Booking Mobile App

Freight management company Truckstop.com announced March 24 that it will launch a mobile app to connect carriers with loads.

March 24, 2022
GovernmentBusinessLogistics

White House to Seek Infrastructure, Freight Boost in FY23 Budget

WASHINGTON 鈥 The Biden White House intends to seek a boost in funding for infrastructure programs and freight-related grants in its upcoming budget request to Congress.

March 24, 2022
BusinessLogistics

Granting Relief: How Ports Are Managing the Movement of Goods

Executive Director of the Port of Long Beach, Mario Cordero, joins TT's Dan Ronan to discuss his current outlook on port operations, the fate of the proposed container dwell time fee, and what the planned $450 million in grants from USDOT means for U.S. ports.

March 24, 2022
BusinessLogistics

Pacific, Atlantic Coast Ports Post Strong Volumes in February

Another month, another all-time monthly record at the Port of Los Angeles, the nation鈥檚 busiest port facility.

March 24, 2022

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