Decades ago, Bradley Jacobs studied math and piano (classical and jazz) at Bennington and Brown before dropping out to make money. Now the balding 61-year-old CEO of XPO Logistics invokes that background to explain how he's parlayed sequential roll-ups in the gritty businesses of garbage collection, heavy equipment rentals and delivering stuff into a $2.6bn net worth.
Amazon.com Inc. Chief Executive Jeff Bezos said the e-commerce giant has exceeded 100 million paid Prime subscribers and will continue to invest to meet "ever-rising" customer expectations.
DHL has been expanding its locations around the world to keep up with growing e-commerce and international trade demand — and its most recent expansion in southern California has doubled its intake capacity in Ontario, the company says.
China will let foreign automakers from Volkswagen AG to Ford Motor Co. own more than 50 percent of local ventures, removing a two-decade restriction and giving a boost to global companies seeking to capture a greater share of the world’s largest car market.
While China slams the brakes on buying trophy properties and the retail apocalypse draws nigh, something less sexy but striking is going on in real estate.
Package delivery company FedEx Corp said last week it will open 500 FedEx Office stores inside Walmart Inc’s U.S. locations, a partnership intended to help both companies attract new customers and handle online order returns.