UPS has abandoned its planned acquisition of Estafeta. The deal failed to meet all closing conditions. UPS cited regulatory and pre-closing hurdles as the reason for termination. UPS remains committed ...
Lyric has secured a $43.5 million Series B round to fuel the growth of its AI-driven supply chain intelligence platform, a sign of both the company’s momentum and the broader shift in investor ...
Uber CEO Dara Khosrowshahi highlighted Uber Freight's continued investment in logistics, AI, and autonomous vehicles as key to future growth, emphasizing the importance of customer focus. Uber's ...
Tesla settles California Tesla Autopilot lawsuit over fatal crashes,, latest in mixed record for the auto maker.
The Ports of Los Angeles and Long Beach experienced record-high container traffic in July and August, driven by pre-holiday stocking and trade war uncertainty. Growth is expected to slow significantly ...
U.S. rail freight for the week ending Sept. 13, 2025, totaled 514,167 carloads and intermodal units, a 1.6% decrease year-over-year. Year-to-date, U.S. rail freight volume shows a 3.1% increase, with ...
August freight shipments experienced a 9.3% year-over-year decline, the largest drop since October 2023, primarily driven by less-than-truckload (LTL) shipment decreases. Freight expenditures fell 2.8 ...
A federal appeals court upheld a lower court ruling requiring Yellow Corp. to pay over $6.5 billion in pension withdrawal liabilities, rejecting the company's argument that a federal bailout of the ...
Forward Air completed its acquisition of Omni Logistics for approximately $2.1 billion, after resolving a legal dispute. The deal created a larger expedited LTL company, but caused concerns among some ...
FedEx opened a new 19,000 sq ft freight facility at East Midlands Airport (UK) for large cross-border air shipments, separate from its parcel operations. This expansion is part of FedEx's Tricolor ...
A coalition of manufacturers, agricultural producers, and energy companies opposes the proposed $85 billion merger between Union Pacific and Norfolk Southern, arguing it will reduce competition and ...
Fifteen years of focus on railroad efficiency and margin improvement (operating ratio) has stifled volume growth. Wall Street pressure to maintain high profit margins prevents railroads from ...