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United Kingdom

Lisa Baertlein

XPO Logistics' top customer pulls back, Amazon suspected

15 Feb 2019

LOS ANGELES XPO Logistics Inc shares sank more than 14 percent on Friday after it said its biggest customer, believed to be Amazon.com, slashed its business with the warehousing and last-mile delivery provider by two-thirds.

CORRECTED-XPO Logistics shares dive after biggest customer slashes business

15 Feb 2019

LOS ANGELES, Feb 15 XPO Logistics Inc shares sank more than 17 percent after it said on Friday its biggest customer, believed to be Amazon.com, slashed its business with the warehousing and last-mile delivery provider by two-thirds.

XPO Logistics warns on 2019, shares swoon

14 Feb 2019

XPO Logistics Inc, one of the largest global freight transportation and warehousing companies, on Thursday reported quarterly profit that missed targets and warned that a reduction of business from its biggest customer would hit 2019 growth.

UPDATE 4-UPS revamp bolsters profit in holiday quarter, shares jump

31 Jan 2019

* Plans capital spending of 8.5-10 pct of 2019 revenue (Adds CEO comment, details on results)

Big brands revisit the milkman model to cut plastic pollution

25 Jan 2019

Major packaged goods sellers and retailers, under pressure to cut the flow of single-use plastic bottles and containers clogging the world's waterways, have teamed with recycling and shipping firms on an e-commerce service that puts a twist on the old-fashioned milkman. | Video

Kansas City Southern takes aim at rail efficiency, shares jump

18 Jan 2019

LOS ANGELES Regional railroad operator Kansas City Southern on Friday said it is revamping operations after 2018 financial and operational results fell short of company targets, sending shares up almost 5 percent in early trading.

CSX beats profit forecast, but stock down on outlook

17 Jan 2019

LOS ANGELES CSX Corp on Wednesday reported quarterly profit that topped Wall Street's expectations, but shares fell 2 percent after the No. 3 railroad operator forecast less robust revenue growth for 2019.

Busiest U.S. port sets all-time cargo record in 2018

16 Jan 2019

LOS ANGELES The Ports of Los Angeles and Long Beach on Wednesday said they set all-time records for moving cargo in 2018, after U.S. retailers and manufacturers pulled forward imports to avoid higher tariffs on Chinese goods.

U.S. retail imports level off after China tariff avoidance rush

08 Jan 2019

LOS ANGELES Imports at major U.S. container ports are levelling off after retailers' months-long rush to bring in Chinese merchandise before higher tariffs hit, according to a retail trade report issued on Tuesday.

World News