Business, Logistics, TCA

Truck Driver Shortage Spurs Rising Prices, Delayed Deliveries

Getty Images

If you see prices creeping higher for everything from cereal to socks in the next few months, you can probably blame this stark reality: There aren’t enough truck drivers delivering the goods to stores.

Paul Davidson | USA Today
April 26, 2018
Business, Logistics, Top 100, Top 50

UPS Delivers 1Q Net Income of $1.34 Billion, Up 15% Year-to-Year

UPS truck Daniel Acker/Bloomberg News

UPS Inc. reported double-digit gains in the first quarter as a result of the strength of its global business as well as economic conditions.

Dan Ronan | Associate News Editor
April 26, 2018
Government, Business, Logistics, TCA

Bid to Restrict Lanes for Big Trucks in Baton Rouge Area Dies in House

David C. Worley Jr./Flickr

A bid to ease Baton Rouge traffic problems by requiring big trucks to stay in the right lane during evening rush hour died April 25.

Will Sentell | The Advocate (Baton Rouge, La.)
April 26, 2018
Business, Fuel, Logistics

Alberta Drillers Near Deals With Railroads, Potentially Easing Oil Logjam

David Paul Morris/Bloomberg News

Alberta’s beleaguered oil industry may get some relief from its persistent shipping bottlenecks in the second half of the year as producers strike deals with rail companies to move more crude.

Kevin Orland | Bloomberg News
April 26, 2018
Business, Logistics, Top 50

Echo Global Logistics Reports Revenue Surge in 1Q

Echo Global Logistics Echo Global Logistics

Echo Global Logistics reported record revenue in the first quarter of 2018 and posted a profit, compared with a loss a year ago, as tight capacity drove more business to third-party transportation service providers.

Daniel P. Bearth | Staff Writer
April 25, 2018
Business, Equipment, Logistics, TCA

Will Wabtec Acquire GE Transportation?

General Electric

A flurry of reports over the past few days speculate that GE Transportation will be sold to a longtime supplier, Westinghouse Air Brake Technologies Corp., which does business as Wabtec Corp.

Jim Martin | Erie (Pa.) Times-News
April 25, 2018
Business, Logistics

Port Group Urges Caution on Possible US-China Trade War

Port of L.A. containers Patrick T. Fallon/Bloomberg News

The American Association of Port Authorities has written to U.S. Trade Representative Robert Lighthizer urging the Trump administration to carefully consider the negative impact trade sanctions could have on the country’s ports and the trucking and transportation industries.

Dan Ronan | Associate News Editor
April 25, 2018
Business, Technology, Equipment, Logistics

China’s Uber for Trucks Is Said to Raise $1.9 Billion in Funding

Getty Images

Full Truck Alliance Group, China’s biggest app for Uber-like truck services, raised $1.9 billion in funding to fuel its expansion, sources familiar with the matter said.

Lulu Yilun Chen | Bloomberg News
April 25, 2018
Business, Logistics

CN Rail Mulls Real Estate Sales to Raise Cash for Network Revamp

Denis Giles/Flickr

Canadian National Railway Co. will consider selling additional real estate to free up cash that can be plowed back into its network.

Kristine Owram and Frederic Tomesco | Bloomberg News
April 24, 2018
Business, Logistics, Top 50

XPO Logistics Appoints Troy Cooper, Kenneth Wagers to Executive Posts

Bradley Jacobs Jacobs (left) by XPO Logistics

XPO Logistics promoted Troy Cooper to the newly created position of president from COO, and appointed Kenneth Wagers COO with responsibility for operations in 32 countries.

Transport Topics
April 24, 2018