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),...
What happens when an 18-wheeler develops a flat tire?
Every year, thousands of truck drivers are affected by flat tires, and debris from burst tires can be a hazard to all vehicles. Tires were responsible for 1,804 out-of-service (OOS) infractions during RoadCheck 2021, accounting for 18.6 percent of all trucks parked during the three-day enforcement event in May. As...