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BusinessLogisticsFor-HireTop 100

XPO Net Income Climbs 10% on Strong LTL Pricing in Q3

XPO鈥檚 North American LTL segment, its core operation, increased revenue by 1.9% to $1.25 billion from $1.23 billion last year despite declines in shipment volumes.

October 30, 2024
BusinessPrivateTop 100

PepsiCo to Close Four US Bottling Plants, Cut 400 Jobs

The news follows PepsiCo's confirmation of the Chicago plant's full closure earlier in the week.聽Sales, delivery and warehouse functions will continue at the other three locations.

October 30, 2024
GovernmentTechnologySafetyLogistics

CISA Issues Global Cyber Plan to Protect US Infrastructure

CISA released an international plan outlining steps to work more with overseas stakeholders to better safeguard online interconnections with the U.S. supply chain.

October 30, 2024
GovernmentSafety

Biden Again Calls on Congress to Support Baltimore

President Joe Biden urged lawmakers to approve funds for rebuilding the Port of Baltimore area during Congress鈥 post-election work period.

October 30, 2024
BusinessLogisticsGlobal FreightTop 100

DSV Secures $5.4 Billion in Bonds for DB Schenker Deal

The Danish transport company sold a six-part bond deal with maturities ranging from two to 10 years, according to a person familiar with the matter.

October 30, 2024
GovernmentBusinessEquipment

VW Proposes 10% Pay Cut in Effort to Avoid Factory Closures

Arne Meiswinkel, the automaker鈥檚 chief negotiator, said the plan includes a 10% pay cut and revised bonus system. The measures aim to strengthen the VW brand.

October 30, 2024

OPEC+ Won鈥檛 Bring Back Oil Production This Year, Rystad Says

OPEC and its allies aren鈥檛 likely to bring oil output back this year because producers are 鈥渕aking huge money鈥 from refined products, according to Rystad Energy.

October 30, 2024
BusinessTechnologyEquipmentSafety

Trucking Stakeholders Tackle Biggest Cybersecurity Concerns

CLEVELAND 鈥 Trucking is dealing with an evolving cybersecurity environment that raised concerns among industry experts during a panel discussion Oct. 28.

October 30, 2024
BusinessTechnology

Rust Belt Sees Boom in EV Charging

As electric car sales pick up pace far from the U.S. coasts, a wave of new fast-charging stations is coming online from the Rust Belt down to the Deep South.

October 30, 2024
BusinessEquipmentTCA

Stellantis Pauses Production at Detroit Assembly Complex

Stellantis continued to slash vehicle production and cut jobs in the United States this week, including at the automaker鈥檚 Detroit Assembly Complex.

October 30, 2024

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