According to a published story that was independently validated, XPO Logistics Inc. is considering selling its North American freight forwarding operation in a transaction for $400 million to $600 million. Bloomberg broke the story late on Friday. FreightWaves later acquired confirmation from sources close to the situation. The freight forwarding...
According to Yellow Corp., terminal closures will not reduce freight capacity.
Yellow Corp. intends to lower the number of terminals in its network from 316 to 300 by the end of the year as the less-than-truckload carrier seeks to slash expenses even further, according to company executives. Following the release of Yellow's first-quarter financial results on Tuesday, chief operating officer Darrel...
Last week, diesel stockpiles on the East Coast tightened again.
The diesel market took opposite paths on Wednesday, adding to the uncertainty and confusion that purchasers have been dealing with for weeks. The weekly publication of information from the Energy Information Administration loomed large over trading, showing that inventories of ultra-low sulfur diesel (USLD) on the United States' East Coast,...