A.P. Moeller-Maersk A/S is scaling back capacity and cutting jobs in the world’s largest shipping line to adapt to a drop in demand.
November 4, 2015BusinessLogistics
Shipping Braces for Pollution Tax After Climate Talks
The shipping industry expects to be stung by a carbon levy as momentum building from climate talks in Paris starting this month makes a cut to its greenhouse-gas emissions likely.
November 2, 2015BusinessLogistics
XPO Completes Con-way Acquisition
XPO Logistics Inc. announced that it has completed the $3 billion acquisition of trucking and logistics operator Con-way Inc.
October 30, 2015BusinessLogistics
TransForce Agrees to Sell Waste Unit to GFL Environmental
TransForce Inc. agreed to sell its waste management division to Canada’s GFL Environmental Inc. for C$800 million ($606.1 million) as the seller moves to focus on its other trucking business.
October 29, 2015BusinessLogistics
Intermodal Rail Volume Declines for First Time Since September
Weekly U.S. intermodal rail traffic declined for the first time since September, the Association of American Railroads reported.
October 28, 2015BusinessGovernmentLogistics
Consumer Confidence Falls in October to Three-Month Low
Consumer confidence fell in October to a three-month low as Americans became less upbeat about the labor market.
October 27, 2015BusinessLogistics
XPO Extends Tender Offer for Shares of Con-way
XPO Logistics Inc. announced its tender offer for shares of Con-way Inc. has been extended until Oct. 30, in conjunction with the $3 billion acquisition agreement between the companies.
October 23, 2015BusinessLogistics
Maersk Cuts Profit Outlook on Weaker Global Container Market
A.P. Moeller-Maersk cut its profit forecast for 2015, citing a weaker container shipping market as the outlook for global growth becomes gloomier.
October 23, 2015BusinessLogistics
Investment Firm Acquires Unishippers Global Logistics
Ridgemont Equity Partners, an investment firm based in Charlotte, North Carolina, has acquired Unishippers Global Logistics, a transportation service provider that resells package and freight services through franchise affiliates across the United States.
October 23, 2015BusinessLogistics
Union Pacific Profit Tops Estimates on Cost Cuts as Cargo Drops
Union Pacific Corp. reported profit that beat analysts’ estimates after cutting costs as the railroad heads for its first annual drop in sales since the recession in 2009.
October 22, 2015