Trucking Futures Exchange to Launch in Late 2018
DAT Solutions and TransRisk have signed a deal to launch a trucking freight futures market through Nodal Exchange in late 2018, a project first announced earlier this year.
E-Commerce Powers XPO’s Rise to Record Revenue, Profits in Third Quarter
XPO Logistics reported profits skyrocketed 316% year-over-year in the third quarter, marking the eighth consecutive quarter in which the company surpassed year-ago levels.
Army Corps Awards $213 Million to Port of Charleston
The Army Corps of Engineers awarded $213.3 million to dredge the Charleston Harbor Entrance Channel in South Carolina, a critical step for the Port of Charleston to compete for business from international steamship lines.
Port Houston Credits Teamwork With Other Ports for Strong Rebound From Harvey
The Port of Houston, closed for a week after Hurricane Harvey, rebounded sharply in September with a 22% year-over-year increase in container traffic that would have been impossible without the sacrifice of others, the top official at the port acknowledged.
Heartland Express Profits Drop 37% After Added Expenses From IDC Acquisition
Heartland Express Inc. announced weaker-than-expected earnings in the third quarter on Oct. 27 as higher expenses related to Interstate Distributor Co. dragged results down despite higher revenue.
Saia Overcomes Hurricanes Harvey, Irma to Post 4.2% Profit in 3Q
Universal Logistics Holdings Reports First Loss Since Going Public in 2006
One week after Universal Logistics Holdings Inc. warned investors to expect a sizable hit to earnings due to a court case, the carrier announced a net loss for the first time since becoming a publicly traded company in late 2006.
Old Dominion Scores Win in 3Q Earnings, Surges Past Wall Street Forecasts
Old Dominion Freight Line Inc. reported a 20% climb in profits to $102.3 million, or $1.24 per share, in third-quarter profits. The results were 8 cents better than the Bloomberg News consensus forecast of analysts.
XPO Logistics-Teamsters Battleground Shifts to New Haven
The International Brotherhood of Teamsters is duking it out with XPO Logistics on a new front recently after 73 employees petitioned to remove Local 443 as their representative.
CSX Postpones Investors Day, Sending Company Stock Sliding
Just one week after CSX Corp. delivered some positive news in its quarterly earnings report after service disruptions this summer, investor confidence was rocked again when the railroad carrier abruptly postponed the official Investors Day on Oct. 30.