Logistics
USPS Grapples With Financial Crisis as Mail Delays Continue
USPS trucks sit parked behind a post office in New Jersey on in January. For many in the U.S. this year, USPS delivery delays have grown increasingly severe. (Reena Rose Sibayan/The Jersey Journal)
Earlier this month, local letter carriers were told to delay delivering mail in order to save money for the United States Postal Service, a direction that apparently came from top federal officials to mail carriers throughout the country.
July 29, 2020C.H. Robinson Profit, Revenue Fall in Q2 Over COVID-19 Impact
C.H. Robinson Worldwide
C.H. Robinson Worldwide experienced a drop in second-quarter profit and a smaller dip in revenue as it dealt with the economic effects of the COVID-19 pandemic.
July 28, 2020Forward Air Invests $40 Million in Columbus Hub Expansion
John Sommers II for Transport Topics
Forward Air Corp. is expanding the capacity of its national hub in Columbus, Ohio, by approximately 30%, the company announced July 27.
July 27, 2020Union Pacific Posts Profit, Revenue Declines in Q2
Union Pacific ended the quarter with 22% fewer employees, shedding 8,598 positions for a headcount of about 30,100. (Oregon Department of Transportation)
Class I railroad Union Pacific saw second-quarter income and revenue fall amid the coronavirus pandemic.
July 27, 2020World’s Supply Chain May Not Be Ready for COVID-19 Vaccine
Airport staff unload cargo after it arrives at Juba International Airport in South Sudan on March 24. (Alex Mcbride/AFP/Getty Images)
The industries that shepherd goods around the world on ships and planes acknowledge they aren’t ready to handle the challenges of shipping an eventual COVID-19 vaccine from drugmakers to billions of people.
July 27, 2020New-Home Sales in June Surge to Highest in Almost 13 Years
A "Sold" sign is displayed outside a home under construction in Illinois. (Daniel Acker/Bloomberg News)
New-home sales in the U.S. increased to an almost 13-year high in June, fueled by record-low borrowing costs and adding to evidence that residential real estate is a bright spot for the economy.
July 24, 2020Landstar Reports Lower Net Income in Q2
Landstar CEO Jim Gattoni said independent business capacity operators and agents were paid an extra $50 for hauling loads starting in April. (Landstar System Holdings Inc.)
Landstar System Holdings Inc. on July 22 reported second-quarter net income and revenue were down compared with last year’s levels.
July 23, 2020Echo Global Reports $514 Million in Q2 Revenue
Echo Global Logistics
Echo Global Logistics saw a large drop in profit but a smaller decline in revenue during the second quarter.
July 23, 2020Baker Hughes Bracing for Second Wave of COVID-19 Lockdowns
(Matthew Busch/Bloomberg News)
Baker Hughes Co. is bracing for a second wave of pandemic-induced lockdowns after the virus crippled economic activity around the world and compounded a historic oil bust.
July 22, 2020Canadian National Q2 Earnings Squeezed by Pandemic
Canadian National Railway finished the second quarter with 22,112 workers compared to 27,215 during the same period last year, a reduction of 18.7%. (Canadian National Railway Co.)
Canadian National Railway is the latest Class I railroad to feel the impact of the COVID-19 pandemic.
July 22, 2020