Logistics News
Brookfield Buys Rail Operator Genesee for $8.4 Billion
An affiliate of Brookfield Asset Management Inc. agreed to buy railroad company Genesee & Wyoming Inc. for about $6.3 billion, expanding its global portfolio of rail companies with a 120-line network spanning North America, Europe and Australia.
July 1, 2019Midwest Deluge Spurs Cut in US Estimate for Soybean Acreage
The spring deluge in the Midwest and Great Plains spurred a cut in the U.S. forecast for soybean acreage, a bigger reduction than analysts expected.
June 28, 2019Debunking 鈥淪mart Trailer鈥
鈥淪mart Trailer鈥 is hot talk, but what does it mean? 聽Depending on who you ask, it鈥檚 anything from accessory light packages to machine learning. 聽Join to see which trailer technologies are really moving the needle today, and how the future is less about buzzwords and more about true trailer intelligence. 聽
June 28, 2019Ford to Cut 20% of European Workforce in Sweeping Overhaul
Ford Motor Co. will eliminate about 20% of its workforce across Europe in a sweeping overhaul to tackle the carmaker鈥檚 falling sales in the region and lift weak profitability.
June 27, 2019Convoy Creates Method for Drivers to Book Multiple Loads at Once
Digital freight broker Convoy announced Automated Reloads, an app-based program that allows drivers to book multiple loads of freight at one time.
June 27, 2019Tesla Must Go 鈥楢ll Out鈥 to Set Deliveries Record, CEO Elon Musk Says
Tesla Inc. could be on the verge of a quarterly record for vehicle deliveries, though the electric carmaker will need to go 鈥渁ll out鈥 in the last few days of the month, CEO Elon Musk wrote in an internal memo.
June 26, 2019Surging Corn Prices Put US Wheat Back in the Feed Trough
A looming shortfall in U.S. corn production after a historical spat of wet weather means wheat is back on the menu at cattle feedlots in the southern Plains.
June 26, 2019Purolator to Spend $759 Million for Faster Deliveries in Canada
Courier company Purolator Inc. will invest more than C$1 billion over the next five years to build a shipping hub in Toronto, upgrade its fleet and enhance its retail network in Canada to reach more customers.
June 25, 2019FedEx Lobs New Attack on Trade Limits as China Threat Looms
FedEx Corp. has fired a new weapon in the simmering U.S.-China trade war, suing the Trump administration to block enforcement of trade restrictions that had placed the company in Beijing鈥檚 crosshairs.
June 25, 2019Port Officials Look to Keep Giant Cranes off Trump Administration Tariff List
As America鈥檚 ports handle larger amounts of cargo from bigger container ships, the ports are in a building boom. But the cost of expanding could get more expensive if a Trump administration plan to impose 25% tariffs on ship-to-shore cranes manufactured only in China are implemented.
June 25, 2019