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Echo Global Logistics Reports Revenue Surge in 1Q

Echo Global Logistics reported record revenue in the first quarter of 2018 and posted a profit, compared with a loss a year ago, as tight capacity drove more business to third-party transportation service providers.

April 25, 2018
BusinessEquipmentLogisticsTCA

Will Wabtec Acquire GE Transportation?

A flurry of reports over the past few days speculate that GE Transportation will be sold to a longtime supplier, Westinghouse Air Brake Technologies Corp., which does business as Wabtec Corp.

April 25, 2018
BusinessLogistics

Port Group Urges Caution on Possible US-China Trade War

The American Association of Port Authorities has written to U.S. Trade Representative Robert Lighthizer urging the Trump administration to carefully consider the negative impact trade sanctions could have on the country’s ports and the trucking and transportation industries.

April 25, 2018
BusinessTechnologyEquipmentLogistics

China’s Uber for Trucks Is Said to Raise $1.9 Billion in Funding

Full Truck Alliance Group, China’s biggest app for Uber-like truck services, raised $1.9 billion in funding to fuel its expansion, sources familiar with the matter said.

April 25, 2018
BusinessLogistics

CN Rail Mulls Real Estate Sales to Raise Cash for Network Revamp

Canadian National Railway Co. will consider selling additional real estate to free up cash that can be plowed back into its network.

April 24, 2018
BusinessLogisticsTop 50

XPO Logistics Appoints Troy Cooper, Kenneth Wagers to Executive Posts

XPO Logistics promoted Troy Cooper to the newly created position of president from COO, and appointed Kenneth Wagers COO with responsibility for operations in 32 countries.

April 24, 2018
BusinessLogisticsTCA

Litigation Dogs Lakeville Motor Express 15 Months After Minnesota Trucking Firm Shut Down

Pressures are mounting for the owners of the defunct trucking firm Lakeville Motor Express and its affiliates.

April 24, 2018
GovernmentBusinessLogisticsTCA

Trump Pushing Hard to Reach NAFTA Agreement

With critical political deadlines fast approaching, the Trump administration is racing to strike a deal on a revamped North American Free Trade Agreement by early May — with an eye toward forcing a congressional vote on a new pact by the end of the year.

April 24, 2018
GovernmentBusinessLogistics

Trump Says Mnuchin Going to China to Negotiate Trade in Days

Treasury Secretary Steven Mnuchin will depart for China to negotiate over U.S. trade disputes within days, President Donald Trump said.

April 24, 2018
BusinessTechnologyLogistics

Amazon Starts Delivering Goods to Trunks of GMs, Volvos

Amazon.com has partnered with General Motors Co. and Volvo Cars to deliver packages to car trunks in 37 U.S. cities, as the e-commerce giant seeks new delivery methods for customers who may be wary of leaving packages outside or allowing couriers into their homes.

April 24, 2018

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