Logistics

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Business, Technology, Logistics, Top 100

FedEx E-Commerce Revamp Jolts Delivery Army by Piling on Costs

FedEx truck John Sommers II for Transport Topics

FedEx Corp.’s drive to reap the rewards of e-commerce is stirring anxiety among some of the company’s most important partners: the thousands of small businesses that handle its ground deliveries.

Thomas Black | Bloomberg News
October 28, 2019
Business, Logistics

Universal Logistics Reports Net Loss of $8.4 Million

Universal Logistics Holdings truck Despite reporting a net loss of $8.4 million in the third quarter, revenue was up over the year-ago period. (Universal Logistics Holdings Inc.)

Universal Logistics Holdings Inc. reported a third-quarter net loss of $8.4 million, compared with $15.1 million net income in the third quarter of 2018.

Jim Stinson | Staff Reporter
October 25, 2019
Business, Logistics

Werner Reports $39 Million in Net Income, Second-Best Q3

Werner Enterprises Inc. truck Werner reported net income of $39 million in the third quarter, down from $47.5 million in 2018. (John Sommers II for Transport Topics)

Werner Enterprises Inc. reported smaller profits in the third quarter of 2019 but said the period was still the second-best Q3 in company history.

Jim Stinson | Staff Reporter
October 25, 2019
Business, Technology, Logistics, TCA

Shipwell Raises $35M to Fuel Growth

Shipwell logo Shipwell via YouTube

Shipwell, an Austin, Texas-based startup focused on managing trucking and shipping logistics for businesses, has raised $35 million to continue its growth, the company said Oct. 24.

Kara Carlson | Austin American-Statesman
October 25, 2019
Business, Technology, Logistics, Autonomous, Top 100, TCA

XPO Logistics Launches Partnership With MIT

Aerial view of MIT MIT by Getty Images

GREENWICH, Conn. — XPO Logistics Inc. announced Oct. 24 that it was teaming up with the Massachusetts Institute of Technology to advance innovation in its industry.

Paul Schott | The Advocate (Stamford, Conn.)
October 24, 2019
Business, Technology, Logistics, Top 50

Echo Global’s Net Income Drops 49% in Q3

Echo Global Logistics office Echo Global Logistics

Echo Global Logistics Inc., a Chicago-based technology-enabled transportation management service, said profits dropped by about half in the quarter ended Sept. 30.

October 24, 2019
Business, Logistics

Norfolk Southern’s Net Income, Revenue Decline

Norfolk Southern train Norfolk Southern

Norfolk Southern Corp. followed the trend of Class 1 railroads reporting record operating ratios, but net income and revenue dropped in the third quarter.

Dan Ronan | Associate News Editor
October 23, 2019
Business, Logistics, Top 100

Covenant Transportation Posts $3.2 Million Net Loss in Q3

Covenant truck Covenant Transport

Covenant Transportation Group Inc. reported a net loss of $3.2 million in the third quarter of 2019, compared with net income of $11.6 million in the same quarter of 2018.

Jim Stinson | Staff Reporter
October 22, 2019
Business, Logistics

ATA’s Truck Tonnage Index Rises 3.5% Over September 2018

Trucks on highway John Sommers II for Transport Topics

Truck tonnage for the month of September rose 3.5% compared with year-ago levels, and inched up on a sequential basis over August 2019, according to American Trucking Associations' For-Hire Truck Tonnage Index.

Dan Ronan | Associate News Editor
October 22, 2019
Business, Equipment, Logistics, Top 100

Layoffs Hit Stevens Tanker, Amazon Contractors

Stevens Transport Stevens Transport

Closures and layoffs continue to vex the trucking industry in 2019, but three recent downsizings were attributed by the companies involved more to the vicissitudes of the energy, retail and final-mile industries than to a slowdown in the overall freight market.

Jim Stinson | Staff Reporter
October 22, 2019

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