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Unphased by a reported loss in the second quarter, fast-growing XPO Logistics is now projecting $23 billion in revenues by 2019, but the highly acquisitive company has sailed past similar projections regularly in its relatively short history.
The freight broker and transportation services provider's acquisition of rival brokerage Command Transportation during the quarter bolstered its financials, with the company now targeting $3 billion in revenues by 2018.
Commissioners of the Pacific Northwest ports approved a plan to unify their marine cargo terminal investments, operations, planning and marketing in an attempt to strengthen the Puget Sound gateway and attract more marine cargo to the region.
The new Terminal Information Portal System (TIPS) will provide information on container availability, export booking status and more.
The FedEx unit of the Air Line Pilots Association has approved a new tentative contract agreement, which must now be voted upon by the express carrier’s 4,000 eligible pilots.
HighJump, a provider of supply chain management solutions, has acquired Wesupply, a U.K.-based premier business-to-business supply chain solutions supplier.