RXO has carried an investment-grade rating from Moody’s Investors Service since the fall of 2022, when the 3PL was spun off from XPO (NYSE: XPO). But it is now under threat as Moody’s has changed its outlook on RXO (NYSE: RXO) to negative from stable. At the same time, Moody’s affirmed that initial investment-grade rating…
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday morning after a container ship collided with it, sending people into the water and creating a tense scene as search-and-rescue crews attempted to locate them. The bridge plays an important role in commercial shipping access to the Port of Baltimore, a hub for vehicles, light…
Drop-and-hook services have become increasingly sought-after, meeting the evolving needs of shippers for flexible transportation solutions while also offering carriers enhanced efficiency and earning potential. Uber Freight’s drop-and-hook capacity solution, Powerloop, has seen explosive growth, with more than 10,000 carriers servicing more than 220,000 loads to date. In 2023 alone, the capacity program experienced a…
A significant section of the Francis Scott Key Bridge in Baltimore collapsed early Tuesday morning, after a container ship collided with it. The incident led to vehicles falling into the water, initiated a large-scale search and rescue operation, and has serious implications for one of the busiest ports on the U.S. East Coast. The Maryland…
In Maersk’s press release last week about a new warehousing facility in Tijuana, Mexico, one line stood out. It was sandwiched between a list of value-added services offered and a paragraph about the facility’s sustainable energy practices and certifications. “Alternatively, it could operate [fulfillment or e-fulfillment] operations into the United States, leveraging the Section 321…