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Apple’s $430 Billion US Investment Includes XPO-Run Facility

XPO Logistics will operate a $100 million “state-of-the-art” facility and distribution center in Clayton, Ind., for technology giant Apple, the company said April 26.

April 27, 2021

Amazon to Pass Walmart in Retail Sales in 2025, Report Says

Amazon.com Inc. will supplant Walmart Inc. as the biggest U.S. retailer by 2025, according to a new report, suggesting the e-commerce giant has too much momentum for Walmart to stop despite big investments in its own e-commerce offerings.

April 27, 2021

U.S. Xpress Reports Revenue of $450M for Q1

U.S. Xpress Enterprises saw revenue and earnings growth during the first quarter of 2021, the company reported April 22.

April 26, 2021

Trudeau Signals Move to End Dockworkers Strike at Montreal Port

Canada is planning legislation to end a general strike at the Port of Montreal that’s bound to worsen congestion at other sites and add to global shipping delays.

April 26, 2021

Orders for Durable Goods Rebound in March

WASHINGTON — Orders for big-ticket manufactured goods rebounded 0.5% in March as U.S. factories recovered from February weather disruptions. However, the recovery was not as strong as most had expected due to ongoing supply chain disruptions that continue to ensnare U.S. manufacturers.

April 26, 2021

Biden’s Postal Board Nominees Say Restoring Service Is Vital

President Joe Biden’s nominees to the governing board of the U.S. Postal Service pledged April 22 to rebuild trust with the American public through prompt deliveries, as they outlined a vison for the agency in their first formal statements to lawmakers.

April 22, 2021

Old Dominion Freight Line Reports Strong Q1 Growth

Old Dominion Freight Line saw revenue and net income rise for the first quarter of 2021, the company reported April 22.

April 22, 2021

Mullen Posts Increased Q1 Earnings on Declining Revenue

Mullen Group nearly tripled its earnings but saw revenue decline in the first quarter as growth was hindered by Canada’s slow recovery from the COVID-19 pandemic.

April 22, 2021

Republicans Counter Biden With $568 Billion Infrastructure Plan

A $568 billion plan that focuses on surface transportation connectivity improvements and greater access to broadband internet for rural residents was unveiled by the Republican leadership in the U.S. Senate April 22.

April 22, 2021

Volvo Group Sees More Risk From ‘Unstable’ Chip Supply Chain

Volvo Group said it may see further disruption from the semiconductor shortage that has forced the truck maker to idle plants, potentially hobbling a recovery that has seen orders more than double.

April 22, 2021