Logistics
Landstar System Reports Net Income, Revenue Increase for Q3
For Landstar, truckload volumes increased in the third quarter by 3% compared to the third quarter of 2019. (John Sommers II for Transport Topics)
Landstar System Inc. saw net income reach $61.9 million during the third quarter of 2020, the company reported Oct. 21.
October 21, 2020Tesla, Heinz Hit Brexit Snag in UK
Lines of trucks are seen queued along the M20 motorway near Ashford, England, on Sept. 24. (Leon Neal/Getty Images via Bloomberg)
Household-name companies including Tesla Inc. and Kraft Heinz Co. are racing to avoid a Brexit crisis at year-end, as a shortage of customs brokers threatens their ability to move goods between Britain and the European Union.
October 21, 2020Top US Dealer Warns Automakers Are Missing Resupply Deadlines
Pickup truck frames sit on the assembly line at the GM plant in Flint, Mich. (Jeff Kowalsky/Bloomberg News)
AutoNation Inc., the largest U.S. car retailer, is warning new-vehicle inventories remain thin as automakers miss resupply deadlines, which may mean fewer choices and higher prices for buyers.
October 21, 2020Canadian National Reports Q3 Drop in Earnings, Revenue
Canadian National Railway
For the second consecutive quarter, Canadian National Railway felt the impact of the COVID-19 pandemic when the Class I, Montreal-based railroad announced third-quarter earnings Oct. 20.
October 21, 2020USPS Still Not Processing Election Mail Fast Enough, States Say
A USPS carrier gets into her truck to deliver mail in Philadelphia in May. (Matt Rourke/Associated Press)
The U.S. Postal Service still isn’t processing election mail on time, even after being ordered by judges to halt disruptive changes like banning worker overtime and late delivery trips, Pennsylvania’s attorney general said.
October 20, 2020September Tonnage Down Year-Over-Year, but Rebounds After August Decline
John Sommers II for Transport Topics
Truck tonnage in September declined a seasonally adjusted 2.7% when compared with year-ago levels, marking the sixth consecutive month of year-over-year declines, American Trucking Associations said Oct. 20.
October 20, 2020RK Logistics Accelerates Silicon Valley Expansion Plans
RK Logistics Group is accelerating its expansion into Silicon Valley with new facilities, company leadership detailed Oct. 19.
October 20, 2020TIA Appoints Anne Reinke to President, CEO Posts
Transportation Intermediaries Association
Transportation Intermediaries Association has named Anne Reinke president and CEO, it was announced Oct. 16.
October 19, 2020KC Southern Reports Mixed Earnings Amid COVID-19, Gulf Hurricanes
Kansas City Southern
The leadership of Kansas City Southern Railroad said on Oct. 16 the Class I railroad saw a 5.3% increase in third-quarter net income to $189.7 million, or $2.01 a diluted share, compared with $180.1 million, or $1.81, in the same period a year ago.
October 16, 2020DOT Awards $220 Million for Port Infrastructure
Trucks sit at the Norfolk International Terminals at the Port of Virginia. The terminals received $20.1 million to support expansion of the facility’s Central Rail Yard, which will involve the construction of eight tracks. (Port of Virginia)
The U.S. Department of Transportation awarded $220 million in grants to improve port infrastructure, including facilities used by freight vehicles.
October 16, 2020