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Business, Logistics

Universal Reports Higher Results in Historic Q1 for Company

Universal Logistics trucks on a lot Univeral Logistics Holdings set all-time company records for highest operating revenues, largest operating income and best earnings per share. (Universal Logistics via Facebook)

Universal Logistics Holdings experienced higher earnings and revenue during a historic first quarter, the company reported May 5.

Connor D. Wolf | Staff Reporter
May 6, 2022
Technology, Logistics

How AI Is Streamlining Freight Movement

While the concepts of artificial intelligence and machine learning are not new, rapid advances in this field are driving the future of software development in the freight transportation industry.

Seth Clevenger | Managing Editor, Features
May 6, 2022
Government, Business, Logistics, For-Hire

China’s Port Lockdowns Threaten Domestic Trucking

Port of Shanghai Containers stacked at the Port of Shanghai. Container volumes have fallen since China imposed lockdowns in March. (DW News via YouTube).

China locking down key port cities because of a new outbreak of the coronavirus could have serious ramifications for trucking in the United States.

Connor D. Wolf | Staff Reporter
May 5, 2022
Business, Technology, Logistics, Autonomous

Aurora Innovation Focuses on Real-Time Data

Aurora Beacon Aurora

Autonomous driving technology company Aurora Innovation Inc. announced it is developing a system, Aurora Beacon, intended to allow customers to optimize autonomous vehicles for “24/7/365 operation.”

May 5, 2022
Business, Logistics

GXO Reports Higher Earnings, Revenue for Q1

GXO Logistics warehouse worker A worker processes orders at a GXO warehouse. The company reported first-quarter earnings of $38 million compared with $17 million during the 2021 period. (GXO via YouTube)

GXO Logistics Inc. recorded higher net income and revenue in the first quarter, the company reported May 4.

Connor D. Wolf | Staff Reporter
May 5, 2022
Government, Business, Logistics

New Mexico Pursues Opportunity for Rerouted Rail Line

border backup Truckers block the entrance into the Santa Teresa Port of Entry in Ciudad Juarez going into New Mexico on April 12. (Omar Ornelas /The El Paso Times via Associated Press)

SANTA FE, N.M. — New Mexico is highlighting its support for proposals that would route an international rail line through its Santa Teresa port of entry, capitalizing on Mexico’s unease with disruptions along the Texas portion of the U.S. border with Mexico.

Morgan Lee | Associated Press
May 5, 2022
Business, Logistics

Maersk Lost More Than $700 Million From Russia in Quarter

Maersk Cargo is unloaded from a Maersk containership at the Port of Oakland. (Port of Oakland)

A.P. Moller Maersk A/S lost more than $700 million in the first quarter from the war in Ukraine as it counts the cost of exiting Russia, according to the shipping giant.

Christian Wienberg | Bloomberg News
May 4, 2022
Business, Logistics

Freight Industry Downshifts From Hectic Pace for Shipping

Logistics Managers Index for April 2022

A gauge of logistics stress in the U.S. economy eased in April as freight transportation cooled, a sign that the broader economy is downshifting to a speed that remains expansionary.

Brendan Murray | Bloomberg News
May 3, 2022
Business, Logistics

Synergy Freight Solutions Merges With Knichel Logistics

Knichel Logistics staff Knichel Logistics via YouTube

Synergy Freight Solutions merged with Knichel Logistics Inc. to become Knichel Logistics–Detroit Branch, the companies announced April 25.

May 2, 2022
Government, Business, Logistics

Mexico to Route Rail Line Through New Mexico, Not Texas

Tatiana Clouthier Mexico Economy Minister Tatiana Clouthier says a planned rail and ports expansion will go through New Mexico instead of Texas. (Lujan Agusti/Bloomberg News)

Texas Gov. Greg Abbott’s border crackdown is generating fresh backlash, with Mexico’s economy minister announcing that a new rail line to the U.S. would now go via New Mexico instead of the Lone Star State.

April 29, 2022

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