Canadian carrier Mullen Group Ltd. posted a 6.4% decline in net income in the third quarter, to C$20.5 million or 20 cents per share, according to a company news release Oct. 24.
October 30, 2019Logistics
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Business, Equipment, Fuel, Logistics, Top 100
Mullen Trucking Corp.
Canadian Carrier Mullen Sees Q3 Earnings Decline as Oil Shipments Fall
Mullen Trucking Corp.
Business, Technology, Logistics
Amit Sekhri checks his smartphone for possible jobs and bids using the Convoy app in Patterson, Calif. (David Paul Morris/Bloomberg)
Convoy Tries to Navigate Some Uber-Scale Problems
Amit Sekhri checks his smartphone for possible jobs and bids using the Convoy app in Patterson, Calif. (David Paul Morris/Bloomberg)
Convoy risks drawing comparisons to Uber in less flattering ways: drivers grousing about getting squeezed and a business model that has yet to turn a profit.
October 29, 2019
Business, Technology, Logistics
An Amazon trailer sits in Seattle. The company's Q3 profits didn't meet Wall Street's expectations, but revenue was higher than expected. (Stephen Brashear/AP Images for Amazon)
Amazon’s Transportation Costs Surge in Q3; Financial Results Mixed
An Amazon trailer sits in Seattle. The company's Q3 profits didn't meet Wall Street's expectations, but revenue was higher than expected. (Stephen Brashear/AP Images for Amazon)
Amazon.com’s shipping costs skyrocketed 46% year-over-year in the third quarter to a record $9.6 billion, an increase of more than $500 million over what the online retail giant spent during the same period in 2018.
October 29, 2019
Business, Technology, Logistics, Autonomous
Eric Risberg/Associated Press
Waymo CEO Sees Driverless Trucking Catching on Faster Than Taxis
Eric Risberg/Associated Press
True driverless cars have arrived from Waymo, the self-driving unit of Alphabet Inc., but the company’s chief executive officer says robot ride hailing may not be the first form of automotive autonomy to take off commercially.
October 29, 2019
Business, Logistics
XPO Logistics' revenue will fall as much as 4% this year, down from the previous forecast that the decline wouldn't exceed 1%. (XPO Logistics)
XPO Reports Mixed 3Q Earnings
XPO Logistics' revenue will fall as much as 4% this year, down from the previous forecast that the decline wouldn't exceed 1%. (XPO Logistics)
Global freight transportation and logistics provider XPO Logistics reported mixed financial results for the third quarter on Oct. 28.
October 28, 2019
Business, Logistics
Luke Sharrett/Bloomberg
With Capacity to Spare, Railroads Have an Eye on Truck Cargo
Luke Sharrett/Bloomberg
Rail officials acknowledged on their third-quarter financial calls they have extra capacity to move goods because they are not carrying as much freight as they did in 2017 and 2018, when the economy was roaring.
October 28, 2019
Business, Technology, Logistics, Top 100
UPS Inc.
UPS to Upgrade Health Care-Dedicated Warehouse Network
UPS Inc.
UPS Inc. will add major upgrades to its health care-dedicated warehouse and distribution network, according to an Oct. 28 news release.
October 28, 2019
Business, Technology, Equipment, Safety, Logistics, TCA
Andrew Harrer/Bloomberg
Crane Simulator Trains Baltimore Longshoremen Without Disrupting Dock Operations
Andrew Harrer/Bloomberg
The Steamship Trade Association of Baltimore bought a $500,000 simulator this year to train crane operators at the Port of Baltimore without affecting the day-to-day loading and unloading of cargo.
October 28, 2019
Business, Technology, Logistics
Trucks sit at a loading dock. The softer freight market is helping to increase driver retention time, according to Jim Fields, chief operating officer at Pitt Ohio. (Getty Images)
Driver Detention Time Creeps Upward
Trucks sit at a loading dock. The softer freight market is helping to increase driver retention time, according to Jim Fields, chief operating officer at Pitt Ohio. (Getty Images)
After improving in 2018, it appears as though driver detention time has increased recently, with many shippers falling back into habits that delay trucks at their docks and push up dwell times.
October 28, 2019
Business, Equipment, Logistics
A United Road Services carhauler. (United Road Services)
United Road Acquires Truck Hauler Team Drive-Away
A United Road Services carhauler. (United Road Services)
Auto hauler United Road acquired Team Drive-Away, a company that specializes in moving new and used Class 8 trucks, United Road said.
October 28, 2019Pages
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