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Latest WMS News

XPO Logistics is vetting strategic alternatives through spin off or sale of some business units

Mon, 20 Jan 2020 00:48:57 -0500

XPO said that its board of directors has authorized a review of strategic alternatives, which includes the possible sale or spin-off of one or more of its business units. And it added that there is “no assurance of any specific outcome” and there is no specific timetable for the completion of the review process or which, if any, of its business units would be sold or spun off.

U.S.-bound shipments fall again to finish 2019, reports Panjiva

Mon, 20 Jan 2020 00:48:57 -0500

December shipments—at 969,53—were off 8.5% annually and fell for the fourth consecutive month, and were down more than November’s 4.2% annual decline. For calendar year 2019, total shipments—at 12,243,739—slipped 1.0% compared to 2018, marking its worst annual output going back to 2009.

Retail sales post December gains to wrap up 2020, according to Commerce and NRF

Mon, 20 Jan 2020 00:48:57 -0500

Commerce reported that December retail sales, at $529.6 billion, were up 0.3% over November and up 5.8% annually. NRF reported that December retail sales were up 0.5% from November to December on a seasonally adjusted basis and up 2.1% on an unadjusted basis rose 6.7% annually.

USMCA gets Senate approval

Mon, 20 Jan 2020 00:48:57 -0500

The United States Senate signed off on the United States Mexico Canada Agreement (USMCA) by an 86-10 margin. This followed a House of Representatives vote to approve the deal by a 385-41 margin in December.

Port of Los Angeles outlines ambitious goals for 2020

Mon, 20 Jan 2020 00:48:57 -0500

When Port of Los Angeles Executive Director Gene Seroka delivered the fifth annual “State of the Port” address this week, he highlighted the port’s recent work, investments and plans for 2020 and the new decade. But he also issued a cautionary note on the impact trade frictions had on container throughput this past year.

RoadOne acquires Savannah, Ga.-based Crown Transportation

Mon, 20 Jan 2020 00:48:57 -0500

In a move geared towards expanding its United States Southeast intermodal drayage logistics operations and overall North American network, Randolph, Mass.-based RoadOne IntermodaLogistics, a provider of intermodal, distribution, and logistics services, said earlier this week it has acquired Savannah, Ga.-based Crown Transportation, a provider of transportation and warehouse services.

AAR reports U.S. carload and intermodal declines for second week of 2020

Mon, 20 Jan 2020 00:48:57 -0500

Rail carloads—at 239,119—were down 10.1% annually, and intermodal trailers and containers—at 262,505 units—slipped 9.1%.

‘Nuclear’ accidents send truck insurance rates soaring and carriers scrambling

Mon, 20 Jan 2020 00:48:57 -0500

Insurance rates for trucking fleets are soaring, sending trucking executives scrambling for coverage even for some of the safest fleets in the land. The reason, according to top trucking executives and transportation attorneys, is the rise in so-called “nuclear settlements” either awarded by a jury or negotiated by attorneys in a wrongful death lawsuit involving a heavy truck.

Report: FedEx is back in Amazon’s good graces following temporary holiday season ban

Mon, 20 Jan 2020 00:48:57 -0500

Pre-Christmas tension between global e-commerce giant Amazon and freight transportation and logistics bellwether FedEx appears to have thawed.

GlobalTranz makes another acquisition, brings Cerasis into the fold

Mon, 20 Jan 2020 00:48:57 -0500

Scottsdale, Ariz.-based GlobalTranz, a full-service 3PL focused on freight brokerage and technology, said this week it has acquired Minneapolis-based Cerasis, a provider of third party multimodal and managed transportation services.

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