Cargo Thieves Feast on Thanksgiving Week; More Than $8.2 Million Stolen Since 2012
Thanksgiving traditionally is a time to spend with family, but it’s also a holiday when cargo thefts spike as criminals resort to sophisticated and coordinated strikes against the trucking and warehouse industry, experts say.
November 14, 2016UPS to Build New Atlanta Hub, Creating 1,250 Jobs by End of 2018
UPS Inc. announced plans on Nov. 10 to spend more than $400 million to build a 1.2-million-square-foot regional package sorting hub in Atlanta that also will create 1,250 new jobs.
November 10, 2016Radiant Logistics Reports First Non-Adjusted Profit Since June 2015
Radiant Logistics Inc. reported a profit of $1.35 million on Nov. 9, up from the $172,490 loss it reported one year ago.
November 10, 2016Teamsters Could be Left in Quandary If Agency that Ensures Retiree Benefits Goes Insolvent
WASHINGTON — The Pension Benefit Guaranty Corp. could go insolvent within a decade, and the agency’s director doesn’t believe that Congress will fix the problem anytime soon, putting Central States Pension Fund retirees at risk of receiving zero benefits if it went bankrupt, too.
November 8, 2016Central States Woes Continue, Pension Value Falls $500 Million
Central States Pension Fund lost $500 million during the first six months of this year, according to newly released financial documents, and continues to hemorrhage assets on the road towards eventual insolvency.
November 7, 2016Cargo Theft Off 9% in 3Q; Food, Drinks Top Target
Cargo theft decreased in the third quarter nationwide compared with the same period a year ago, except for one part of California, but experts are pointing to some startling facts in what items are being stolen and how the thieves pull it off.
November 7, 2016ArcBest Earnings Drop 32% in 3Q, but Still Beat Analysts' Estimates
ArcBest Corp. reported softer earnings in the third quarter compared to last year due to lower freight tonnage and tighter margins.
November 3, 2016XPO Logistics Reports 3Q Profit, Reversing Last Year's Losses
XPO Logistics reported a profit in the third quarter compared with a loss last year, another sign that the company has rebounded from the losses it suffered from since 2013.
November 3, 2016Roadrunner Transportation Profits up 37%
Roadrunner Transportation reported net income rose 37% year-over-year to $7.9 million, or 21 cents per share, for the third quarter. One year ago, net income was $5.8 million or 15 cents. Revenues rose 7% to $532.2 million.
November 2, 2016UPS Profits Edge Up in Third Quarter, Aided by International Results
UPS Inc. said stronger international business helped boost third-quarter net income by 1% to $1.27 billion, or $1.44 per share.
October 31, 2016