Rail Hot Streak Continues: Union Pacific Profits Up 19%, Beat Estimates
Freight rail carrier Union Pacific Corp. announced July 20 that profits jumped 19% in the second quarter after CSX Corp. and Canadian Pacific Railway posted strong gains earlier in the week.
July 20, 2017Canadian Pacific Posts Strong 2Q Showing, Profits Up 46%
Canadian Pacific Railway continued a positive second quarter for rail freight carriers with profits jumping 46% due to growth in business in intermodal and the transportation of grain, potash, metals and minerals.
July 19, 2017C.H. Robinson Profits Drop 22% in 2Q, Falling Far Short of Analyst Forecasts
C.H. Robinson announced profits plunged 22% in the second quarter compared with a year ago, coming up well short of the lackluster Bloomberg News consensus forecast of industry analysts.
July 19, 2017Harrison’s First Quarter as CEO of CSX Successful as Profits Increase 15%
Hunter Harrison’s first full quarter at the helm of CSX was successful as profits surged 15% year-over-year.
July 18, 2017Shippers Reluctant to Shift Freight Away From Trucks, but Intermodal Demand Could Rise
Fewer shippers moved their freight from truckload to intermodal in the second quarter, but a shift could occur with the December electronic logging mandate, according to two surveys.
July 18, 2017Truck Turn Times Up One Minute in June as Cargo Volumes Grow Again at L.A., Long Beach Ports
The average time it took a trucker to enter and exit the ports in Los Angeles and Long Beach, Calif., inched up one minute in June from the same month in 2016, although data from the Harbor Trucking Association revealed encouraging signs that drivers are moving quicker than a year ago.
July 17, 2017XPO Reports Higher 2Q Revenue, Operating Income; Plans Another Stock Offering
XPO Logistics reported that revenue and operating income will be higher compared to a year ago, in a preview of the formal release of the company’s second-quarter results Aug. 2. Meanwhile, XPO also alerted the U.S. Securities and Exchange Commission that it plans to issue 11 million new shares of stock at a date that it will specify later.
July 17, 2017J.B. Hunt Reports 6.8% Drop in 2Q Profits, Missing Analyst Forecasts
J.B. Hunt Transport Services Inc. kicked off the earnings reporting season on a sour note for the truckload industry, announcing profits dropped 6.8% year-over-year and missing the Bloomberg News consensus forecast of industry analysts.
July 17, 2017Intermodal Operators Expand in E-Commerce as Online Retailers Seek to Control Costs
Intermodal rail and trucking companies are competing to meet the transportation needs of e-commerce businesses while adapting to how these new supply chains differ from those of traditional brick-and-mortar retailers.
July 13, 2017E-Commerce Boom a Boon for 3PLs
While the e-commerce boom has been a disruptor to the traditional brick-and-mortar retail sector, it also has benefited third-party logistics companies that assist online retailers uninterested in holding inventory at their own distribution centers.
July 13, 2017