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Echo Global Logistics reported large gains in both income and profit for the second quarter as it experienced record performance in both its managed transportation and brokerage businesses.

Uber Technologies Inc.’s freight business will acquire logistics technology firm Transplace from TPG Capital for $2.25 billion, the company announced July 22.

DP World plans to buy South Africa’s Imperial Logistics Ltd. for $890 million, in what the port operator said would be its most significant acquisition in Africa so far.

One of the world’s largest port operators, DP World, said July 1 it had acquired American logistics firm Syncreon Holdings in a $1.2 billion deal, the latest investment as the maritime company pushes to expand farther afield.

DP World is nearing an acquisition of Syncreon Holdings Ltd. in a deal that could value the U.S. supply chain services company at about $1.2 billion, according to people familiar with the matter.

FedEx Corp. reported a surge in bottom-line results for its fiscal fourth quarter as e-commerce continued to fuel demand for the company’s services.

XPO Logistics' upcoming spinoff, GXO Logistics, has priced an offering of $800 million on investments notes with registration rights, the company announced June 17.

XPO Logistics has moved up the potential timeline to complete a spinoff of its logistics operations into a separate company, and also has provided updated financial guidance that forecasts strong growth for the planned independent company.

Already stressed capacity is facing new pressure as the economy recovers from the coronavirus pandemic and demand increases.