Workforce reductions affect non-sales positions like IT, human resources, and accounting and stem from XPO’s 2015 acquisition of less-than-truckload provider Con-way Freight.
HMM reportedly set to sell some assets
South Korean shipping conglomerate Hyundai Merchant Marine may be looking to sell its subsidiary securities firm, tourism unit, port container terminals, or bulk carriers, according to various media reports.
Tug to tow disabled ro-ro ship off French coast
The large roll-on/roll-off cargo vessel Modern Express has been listing at a dramatic 40 to 50 degrees in the Bay of Biscay and reportedly came within 27 miles of the coast of France.
ATA: Driver turnover jumps in Q3 2015
The annualized turnover rate at large truckload carriers rose 13 points to 100 percent in the third quarter of 2015, but the driver turnover rate at smaller fleets and less-than-truckload carriers fell, according to the American Trucking Associations.
DHL service simplifies e-commerce imports in EU
DHL Freight is offering an integrated service for customs clearance and duties for e-tailers that don’t have offices in the European Union.
Schenker finalizes majority buy of U.K. motor carrier
The Deutsche Bahn subsidiary has invested in a 75 percent stake in Redhead Holdings to boost its road delivery capability in the United Kingdom.
Marten Transport posts strong 2015 financial results
The temperature-sensitive truckload carrier’s net income for 2015 surged 19.8 percent year-over-year to $35.7 million.
GRI Roundup: CMA CGM
Ocean carrier CMA CGM of France announced a general rate increase.
Amazon the ‘transportation service provider’?
E-commerce giant Amazon.com Inc. referred to itself for the first time as a “transportation service provider” in its annual 10-K report submitted to the United States Securities and Exchange Commission.
Executive Moves: DHL Parcel and CEVA Logistics
DHL Parcel names new CEO, while CEVA Logistics appoints executive VP in charge of its South America business.