Transport Topics
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World and U.S. markets for crude oil and refined petroleum will continue to favor buyers in the short term, by a little more than recently expected, the U.S. Department of Energy predicted in a Sept. 9 report.
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XPO Logistics said it has agreed to acquire Con-way Inc. for $3 billion to broaden its supply chain offerings into less-than-truckload and U.S. truckload freight more and create a company with annual revenue of $15 billion.
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Transportation technology supplier FourKites Inc. has introduced CarrierLink, a load-tracking service for freight brokers that monitors a shipment's location via a mobile application on drivers' smartphones.
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U.S. railroads may not be obligated under federal law to carry freight including crude oil and hazardous materials starting Jan. 1 if they fail to meet a year-end deadline for implementing new train safety technology, according to a top federal regulator.
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