The less-than-truckload rivals are involved in a legal dispute over the hiring practices of YRC, which allegedly lured away two high-level XPO executives who were contractually bound not to work for a close competitor or divulge proprietary information.
The Northern California port says cargo business from Outer Harbor Terminal LLC, a joint venture between Ports America and TIL, will be transferred to other terminals and night and weekend truck gates will be offered to help in the transition.
After rejecting final bids from three trucking companies, XPO Logistics Inc. has decided to keep the full truckload shipping arm of Con-way Inc., according to a report in the Wall Street Journal.
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Curtis Foltz will be replaced as head of the Georgia Ports Authority by current Cheif Operating Officer Griff Lynch.
Decelerating demand growth and continuing expansion of new shipping capacity has led to new lows for freight rates on mainstream shipping routes, according to a profit warning from ocean carrier CSCL.
Hanjin Shipping, Korea's largest container carrier, reported a net profit of $6 million in 2015 compared with a loss of $396 million in 2014 despite lower revenues.