Author: Thomas Black

XPO Logistics Inc. will buy 5,000 warehouse robots from a Singapore startup backed by billionaire Peter Thiel as part of a deal that makes XPO the only logistics provider to use the technology in North America, the U.K. and eight other European countries.

XPO Logistics Inc. will buy 5,000 warehouse robots from a Singapore startup backed by billionaire Peter Thiel as part of a deal that makes XPO the only logistics provider to use the technology in North America, the U.K. and eight other European countries.

Knight-Swift Transportation Holdings Inc. lost almost a fifth of its market value July 26, marking the biggest drop in four years, after sales fell because of a lack of drivers.

UPS Inc. rose the most in almost seven years as international sales surged and the courier’s ambitious investment plans started to win over investors.

Amazon.com Inc.’s call for entrepreneurs to help expand its package-delivery network is a cry for help.

UPS Inc. workers are expected to authorize their union to call a strike if necessary, giving negotiators more leverage in talks to replace a labor contract that expires at the end of July.

>XPO Logistics Inc. will pay $90 million for 770 new big-rigs to modernize and expand its fleet as freight demand surges.

Union Pacific Corp. operations are about 80% of normal, after it deployed more locomotives and crews to clear network congestion that began eroding service last year, CEO Lance Fritz said.

Convinced that blockchain is on the brink of transforming the package-delivery business, FedEx Corp. is testing the technology to track large, higher-value cargo.

Once at the mercy of shippers, truckers now are turning the tables, thanks to surging freight demand and a shortage of drivers.