Norfolk Southern Corporation, a leading transportation company, has announced a groundbreaking $600 million agreement in principle to resolve a consolidated class action lawsuit stemming from the East Palestine derailment. The settlement, subject to court approval, marks a significant step in addressing the concerns of affected residents within a 20-mile radius of the derailment site. This…
Container volumes at U.S. ports soared in February, maintaining a robust performance for the year. The Port of Los Angeles, a key player in this surge, recorded a remarkable 60% rise in container processing compared to the previous year, reaching a total of 781,434 containers. This achievement marked the seventh consecutive month of year-over-year growth…
The Member of Parliament representing Thunder Bay-Rainy River, Ontario, Marcus Powlowski, acting on behalf of Minister of Transport Pablo Rodriguez, has unveiled a substantial investment totaling $6.7 million for two pivotal projects at the Port of Thunder Bay. The funding, facilitated through the National Trade Corridors Fund, underscores a commitment to fortifying trade corridors, bolstering…
Barrett Distribution Centers, a leading provider of third-party logistics solutions, has announced the launch of its second fulfillment distribution center in the Dallas, Texas area. This expansion signifies Barrett’s commitment to bolstering direct-to-consumer (DTC) eCommerce and omnichannel fulfillment services, as well as catering to retail/B2B distribution needs, warehousing requirements, and comprehensive transportation solutions. Scott Hothem,…
GXO Logistics, Inc. (NYSE: GXO), the foremost global contract logistics provider, and PFSweb, Inc. (Nasdaq: PFSW), a trailblazing tech-driven eCommerce fulfillment platform, have officially inked a groundbreaking deal. GXO is set to acquire PFSweb at $7.50 per share in cash, marking a significant equity valuation of approximately $181 million. With an enterprise value totaling $142…
Ryder System, Inc. (NYSE: R), a leading provider of supply chain, dedicated transportation, and fleet management solutions, is bolstering its multiclient warehouse network with the addition of a 400,000-square-foot distribution center in Aurora, Illinois. This newly constructed facility began operations in August and is the latest expansion in a growing portfolio of warehouses strategically located…
Norfolk Southern Corporation, a leading transportation company, has announced a groundbreaking $600 million agreement in principle to resolve a consolidated class action lawsuit stemming from the East Palestine derailment. The settlement, subject to court approval, marks a significant step in addressing the concerns of affected residents within a 20-mile radius of the derailment site. This…
Container volumes at U.S. ports soared in February, maintaining a robust performance for the year. The Port of Los Angeles, a key player in this surge, recorded a remarkable 60% rise in container processing compared to the previous year, reaching a total of 781,434 containers. This achievement marked the seventh consecutive month of year-over-year growth…
The Member of Parliament representing Thunder Bay-Rainy River, Ontario, Marcus Powlowski, acting on behalf of Minister of Transport Pablo Rodriguez, has unveiled a substantial investment totaling $6.7 million for two pivotal projects at the Port of Thunder Bay. The funding, facilitated through the National Trade Corridors Fund, underscores a commitment to fortifying trade corridors, bolstering…
Barrett Distribution Centers, a leading provider of third-party logistics solutions, has announced the launch of its second fulfillment distribution center in the Dallas, Texas area. This expansion signifies Barrett’s commitment to bolstering direct-to-consumer (DTC) eCommerce and omnichannel fulfillment services, as well as catering to retail/B2B distribution needs, warehousing requirements, and comprehensive transportation solutions. Scott Hothem,…
In a landmark decision, the Federal Maritime Commission (FMC) has finalized a ruling aimed at simplifying the intricate billing processes associated with international container shipments. This move has been widely praised by truckers who have long borne the burden of paying ocean carrier detention and demurrage fees upfront, only to be reimbursed by shippers later….
