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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.
Federal Maritime Commission Chairman Mario Cordero applauded efforts to fight gate congestion at the Ports of Los Angeles and Long Beach, but wants terminals to amend their agreement with the FMC.
The ERP provider's $675 million acquisition of GT Nexus brought little overlap, common architecture, and access to deep networks of suppliers, an Infor executive tells American Shipper.
U.S. government data shows the value of imports and exports in the North American free trade zone fell, with vessels and pipelines bearing the brunt of the downturn.