Government, Business, Technology, Logistics, Global Freight

Shipping Prices Fall in Inventory Glut, Upping Broker Deals

U.S. trucking is entering a tumultuous period that will likely reshape the $875 billion industry. Shipping rates that spiked during disruptions caused by the pandemic have plummeted as inventory gluts across the U.S. lowered demand.

Thomas Black | Bloomberg News
November 28, 2022
Business, Logistics

FedEx Delivery Contractors’ Threat of Black Friday Walkout Fizzles

FedEx Corp. defused a threat by its delivery contractors to walk off the job on Black Friday in protest of dwindling profits as a trade group representing disgruntled logistics company owners disbanded.

Thomas Black | Bloomberg News
November 19, 2022
Business, Equipment, Logistics, For-Hire, Global Freight

FedEx Freight Unit Furloughs Workers as Cargo Demand Slows

FedEx Corp.’s freight unit is putting workers on furlough in some U.S. markets, adding to mounting evidence of a cargo slowdown as the company joins other large employers trimming their ranks.

Thomas Black | Bloomberg News
November 14, 2022
Business, Logistics

XPO Logistics Poised to Pursue Acquisitions Again

XPO Logistics Inc.’s CEO is on the hunt for takeover targets again after taking a two-year pause.

Thomas Black | Bloomberg News
July 3, 2017
Technology

Did Your Package Get Dumped in Transit? Via Cloud, Now It Can Tell You

After Intel Corp. couldn’t find a device that indicated when sensitive chip-making machines tilted too much during shipping, the company decided to build one.

Thomas Black | Bloomberg News
May 24, 2017
Business

Greenbrier Surges as Rail-Car Maker Sees Recovery Next Year

Greenbrier Cos. jumped the most in four years as the railcar maker said a recovery in freight volume means 2018 earnings will be stronger than analysts have been expecting.

Thomas Black | Bloomberg News
January 6, 2017
Business, Logistics

Earnings Turmoil Deepens at Railroads as Trucks Poach Freight

Railroads lost cargo to trucks in the third quarter, adding to a yearlong slide in profits as demand tumbled for coal, oil and metals.

Thomas Black | Bloomberg News
October 12, 2016
Business, Technology

167-Year-Old Railroad Tests Skies for Drone Age

BNSF Railway Co. is flying drones as far as 150 miles along the New Mexico desert to inspect tracks, helping the Federal Aviation Administration develop rules for operating unmanned aircraft beyond the pilot’s line of sight.

Thomas Black | Bloomberg News
August 30, 2016
Business

Fragile Economy Now Facing a Slowdown in Building Boom

At a quarry in Bridgeport, Texas, where rock is crushed, sorted and cleaned, it’s hard to tell that the nation’s construction boom may be hitting a wall.

Thomas Black | Bloomberg News
August 1, 2016
Business, Logistics

Union Pacific, Canadian Pacific Earnings Slump; Kansas City Southern Gains

Union Pacific Corp. and Canadian Pacific Railway Ltd. this week reported second-quarter net income fell 19% and 16% respectively in a weak rail freight market, while smaller carrier Kansas City Southern raised net income 7% with help from a tax credit.

Thomas Black | Bloomberg News
July 21, 2016