Logistics
Business, Logistics

Echo Global Logistics Income, Revenue Jump

Echo Global Logistics TT File Photo

Echo Global Logistics reported record second-quarter net income of $7.7 million from a loss of $200,000 in the second quarter of 2017. The Chicago-based third-party logistics company reported earnings per share of 28 cents, up from a loss of minus 1 cent a share a year ago.

Transport Topics
July 27, 2018
Business, Logistics

TFI International Reports Improved Second-Quarter Earnings

TFI International truck TFI International

Canadian transportation and logistics company TFI International reported second-quarter net income of C$80.4 million, or 89 cents per share, a significant turnaround from last year when TFI reported a quarterly loss of $75 million, or 82 cents per share.

Dan Ronan | Associate News Editor
July 27, 2018
Government, Business, Logistics, TCA

Texas City Cracks Down on Truck Route Violators

Streets of Odessa, Texas Dennis Tangney Jr./Getty Images

An ordinance prohibiting commercial motor vehicles from traveling in the Odessa, Texas, city limits is beginning to show its effect, as five truckers were found guilty of violating the law July 25.

Paul Wedding | Odessa (Texas) American
July 27, 2018
Government, Business, Equipment, Logistics, TCA

Chassis Pool OK’d for Georgia, South Carolina Ports

Chassis containers at the Port of Oakland Chassis containers at the Port of Oakland. (Todd Lappin/Flickr)

The creation of a common chassis pool by the port authorities for Georgia and South Carolina will go forward.

DeAnn Komanecky | Savannah (Ga.) Morning News
July 27, 2018
Government, Business, Logistics, TCA

Savannah Port Sets Container Record

Ty Wright/Bloomberg News

The year has been another one for the record books at the Savannah ports.

DeAnn Komanecky | Savannah (Ga.) Morning News
July 26, 2018
Business, Logistics, Top 100

Forward Air Reports Strong 2Q Earnings

Forward Air trailer John Sommers II for Transport Topics

Forward Air Corp., a mostly expedited LTL carrier, reported July 26 second-quarter net income of $24.3 million, or 83 cents per share compared with $19.7 million, or 65 cents, a 23% increase from a year ago. The company’s operating revenue increased to $330.3 million compared with $283.9 million, a 16% jump.

Dan Ronan | Associate News Editor
July 26, 2018
Business, Logistics

Knight-Swift Shares Tumble Most in Four Years Amid Driver Shortage

John Sommers II for Transport Topics

Knight-Swift Transportation Holdings Inc. lost almost a fifth of its market value July 26, marking the biggest drop in four years, after sales fell because of a lack of drivers.

Thomas Black | Bloomberg News
July 26, 2018
Government, Business, Logistics

Motor Carriers Group Challenges California Law That Defines Independent Contractors

Traffic on the Golden Gate Bridge Traffic sits on the Golden Gate Bridge in San Francisco. (Ayolt de Roos/flickr)

In a federal lawsuit filed July 19, the Western States Trucking Association alleges that the California Supreme Court’s new “ABC test” requirement for deciding if a contractor should be an employee “forces virtually all independent contractors to become employees to those they choose to contract or work with.”

Eric Miller | Staff Reporter
July 26, 2018
Business, Logistics, Top 100

Landstar Profit Jumps on Record Revenue

Landstar truck Landstar System Inc.

Landstar System reported record second-quarter net income of $62.5 million, or $1.51 a share, a rise of 67% from $37.5 million, and 89 cents per share, in the same period a year ago.

Burney Simpson | Staff Reporter
July 26, 2018
Business, Logistics, Top 100

UPS Surges as Jump in Foreign Sales Defies Rising Trade Tensions

Victor J. Blue/Bloomberg News

UPS Inc. rose the most in almost seven years as international sales surged and the courier’s ambitious investment plans started to win over investors.

Thomas Black | Bloomberg News
July 26, 2018

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