Like many of its LTL competitors, XPO is using former Yellow terminals to build density in major freight markets such as Baltimore-Washington, D.C.
During the tenure of the two members, the FMC has ramped up its oversight of the container shipping industry following widespread strains during the pandemic-era container surge.
The carrier’s CEO said buyers could be pulling orders forward because of concerns over global geopolitical uncertainties or that rates could be driven by a more general restocking to replenish inventories.