logistics

XPO Logistics Acquires Con-way Trucking in $3 Billion Deal

XPO Logistics Inc. will acquire Con-way Inc. in a $3 billion deal that gives the supply chain solutions firm an entree into the U.S. trucking business. The deal is expected to close in October and Con-way's operations, which include Con-way Freight, Menlo Logistics, Con-way Truckload and Con-way Multimodal, will be rebranded as XPO Logistics.

UPS To Acquire Coyote Third Party Logistics and Shipping Firm

UPS will acquire Coyote Logistics, a truckload freight brokerage company, for $1.8 billion. “The brokered full-truckload freight segment is a high growth market and we expect it will continue to outpace other transportation segments,” said David Abney, UPS CEO. UPS has been using Coyote for holiday season peak shipping,

Port Truck Drivers Strike Near Los Angeles and Mexico Border

On Monday, April 27, 2015, port truck drivers serving the nation's largest port complex began a strike of four major drayage firms serving the twin ports of Los Angeles/Long Beach, where a crippling slowdown in early 2015 sent shock waves through the U.S. economy.
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