Logistics
For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
XPO Logistics Posts Record Results in Second Quarter
XPO Logistics posted its best-ever second quarter as a strong economy generated demand for freight hauling and logistics services, and the company was able to capitalize on a shift toward greater outsourcing of transportation by shippers.
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Saia Follows Industry Trend With Record Earnings in 2Q
In the midst of a buoyant economy, less-than-truckload carrier Saia Inc. on Aug. 1 reported record second-quarter earnings. Saia said operating revenue was up nearly 18%, reaching nearly $428.7 million, or $1.18 a share, compared with $364.4 million, or 69 cents a share, for the same period in 2017.
Vancouver Port Celebrates Completion of Freight Rail Project
Port of Vancouver administrators, along with political and industry leaders, stood atop a small stage in a largely vacant marine terminal the morning of July 31 to celebrate the completion of the $251 million West Vancouver Freight Access project.
Why the Trucking Shortage Is Costing You
A shortage of truck drivers that has been simmering in the United States for years has reached a full boil, causing anxiety from small factories to the Federal Reserve.
Truckers Say Port Everglades Terminal Boycott Still Possible
As the Aug. 1 deadline for a potential boycott looms, disagreements persist between members of the South Florida trucking community and Port Everglades Terminal LLC.
Landstar Analyst Invokes ‘Spaceballs’ in Bullish Freight Thesis
Landstar System’s stock is traveling at “ludicrous” speed after a series of bullish analyst calls, including one with references from the movie “Spaceballs.”
Echo Global Logistics Income, Revenue Jump
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.
July 27, 2018TFI International Reports Improved Second-Quarter Earnings
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.
Texas City Cracks Down on Truck Route Violators
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.
Chassis Pool OK’d for Georgia, South Carolina Ports
The creation of a common chassis pool by the port authorities for Georgia and South Carolina will go forward.