Transport Topics
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XPO Logistics has signed a lease for a recently completed 571,000-square-foot building in Perryman, Maryland, that is expected to bring hundreds of jobs to the county in the growing e-commerce field, Harford County Executive Barry Glassman said.
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Nippon Yusen KK, Japan's largest shipping company by sales, will book a record one-time loss for its shipping and air-cargo divisions as freight rates remain depressed amid global overcapacity.
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Privately held Schneider announced plans to do an initial public offering of its shares next year, becoming the last of the 10 largest North American trucking companies to take that approach to funding operations and expansion.
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In the coming decades, consumer demand for goods and services will lead to a sharp increase of trucks on the country's roadways, prompting a need for greater capacity, the nation's top transportation official told an audience in downtown Washington, D.C., on Sept. 28.
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