News

Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group  has obtained a syndicated loan to refinance borrowings related to its 2018 acquisition of a stake in Volvo AB.

The Belt Railway of Chicago (BRC) has appointed longtime railroad executive Jerry Peck as president and general manager. Peck, who started railroading in 1973 in train service with the Illinois Central, later worked for two…

Global shipping executives gathered this week in Long Beach, Calif., for a major annual conference, then found themselves in crisis mode. 

Regional less-than-truckload carrier A. Duie Pyle (ADP) is pushing westward, with plans for several service centers in Ohio even as it retains a long-standing agreement with another LTL carrier that had allowed it to serve…

(Editor’s note: the story has been edited to reflect the fact that arbitration and not a trial is expected to settle the dispute). A judge’s decision Tuesday in the legal battle between FreightTech providers project44 (p44)…

In a blockbuster deal that could shift the balance of power in global port operations, a consortium of U.S. private equity firm BlackRock and MSC of Geneva has agreed to purchase the non-Chinese assets of Hong Kong-based…

At first blush, XPO’s February update showed volumes fell at the same pace as they did in January. However, the carrier was facing a more formidable comp in the recent month, suggesting the falloff was less severe. The…