J.B. Hunt Revenues Rise on Higher Freight Volumes
J.B. Hunt Transport Services Inc. profits fell 8.3% in the third quarter, the company announced Oct. 13, coming up short of the Bloomberg News consensus forecast of analysts.
October 13, 2017Cargo Volumes Surge at Southern California Ports; Virginia Sees 8.2% Gain
Container traffic continues to flourish in the peak shipping season, easily outpacing last year’s totals in September.
October 12, 2017Truckload Earnings Expected to Be Mixed for Third Quarter, but Brighter Times Are Ahead, Insiders Say
Wall Street analysts expect truckload carriers to report mixed third-quarter earnings, despite a boost in business related to hurricanes Harvey and Irma.
October 12, 2017Harrison Apologizes to Rail Shippers for Summer Service Disruptions
WASHINGTON — CSX Corp. CEO Hunter Harrison apologized to railroad shippers at a U.S. Surface Transportation Board meeting Oct. 11, blaming layoffs prior to his arrival, the proxy battle to replace the prior leadership and employee resistance for lengthy service disruption during the summer.
October 11, 2017Logistics Revenues Due to Go Up in Quarterly Reports, but Margins Still Drag Down Profits
Third-party logistics firms capitalized on stronger demand to transport freight this summer but spent more to purchase trucks, resulting in what Wall Street analysts predict will be a mixed-earnings season.
October 11, 2017Ports of Seattle, Tacoma Face Chassis Shortage
Truck drivers are facing a shortage of chassis to haul 40- and 45-foot containers from the ports of Seattle and Tacoma, according to The Northwest Seaport Alliance.
October 9, 2017Truckload Carrier Pitch to Raise Rates in 2018 Underway; ELDs, Driver Pay, Turnover All Concerns
The combination of the electronic logging device mandate, a shortage of drivers and an improving freight market has carriers and shippers wondering about transportation prices heading into 2018.
October 9, 2017Universal Expects Growth in Operating Income, EPS for First Time Since 2015
Universal Logistics Holdings Inc. expects revenue to grow about 10% in the third quarter when earnings are released after the market closes Oct. 26.
October 6, 2017AAPA’s New Chairman From Port Everglades Begins One-Year Term
Steve Cernak has officially begun his duties as the new chairman of the American Association of Port Authorities, replacing Mark McAndrews.
October 6, 2017Spot Market Activity Still Bustling One Month After Devastation of Harvey, Irma
One month after two devastating hurricanes ripped through Texas and Florida, spot market activity remains hectic across the country, setting records along the way.
October 3, 2017