Fleetcor Technologies Inc., a global commercial fuel card and business payments provider, announced a 30 percent year-over-year rise in sales from $609 million in the first quarter of 2021 to $789 million in the first quarter of 2022 on Thursday. In the fourth quarter of 2021, the company reported a...
GXO Logistics is preparing to enter the M&A market
GXO Logistics Inc., a contract logistics provider, is setting up a mergers and acquisitions campaign that will focus on North America and continental Europe, according to the company's CFO on Thursday. In a phone interview with FreightWaves, Baris Orem stated that M&A actions will be geographically focused and will target...
Container ship companies must provide additional pricing and capacity data to FMC
Federal regulators are increasing their monitoring of ocean carriers by requiring them to report more detailed price and capacity data in order to protect against anti-competitive rates and services. The Federal Maritime Commission announced on Thursday that the three global carrier alliances that dominate global shipping (2M, Ocean, and THE),...