Intermodal Freight Industry Ponders Investment in Resilience
LONG BEACH, Calif. — The intermodal freight industry is debating how much it should invest in infrastructure and other expenditures to build resiliency in the face of disruptive shocks such as the COVID-19 pandemic.
Intermodal Needs Greater Cooperation to Remove Bottlenecks
LONG BEACH, Calif. — Surging U.S. import demand combined with years of underinvestment have thrown intermodal shipping so far out of balance that it will take years to return to an equilibrium the industry considered normal, an expert panel told attendees at the Intermodal Association of North America’s Intermodal Expo.
IANA 2021: Massive Imbalances Plague Intermodal Industry
LONG BEACH, Calif. — Global trade patterns distorted by the COVID-19 pandemic have thrown the intermodal shipping industry out of whack, creating massive imbalances in shipping containers, intermodal chassis and drayage drivers.
Orange EV to Launch Electric Yard Truck for Ports
LONG BEACH, Calif. — After targeting warehouses and distribution centers with its electric yard truck, Orange EV has its eyes on the nation’s ports.
Private Fleets Face Stiff Competition From For-Hire Carriers in Battle for Drivers
Private fleets once had a clear advantage in the endless competition to hire trained truck drivers and provide them with the equipment needed to move America’s goods. But the disruptions caused by the COVID-19 pandemic have upended that advantage.
Americold Swings to Q2 Loss
Refrigerated warehouse operator Americold Realty Trust saw revenue rise in the second quarter but swung to a loss for the period because of disruptions in the global food supply chain.
ArcBest Posts Record Revenue, Profits
ArcBest Corp. capitalized on tight capacity in the freight market to post large second-quarter gains in profit and revenue.
Hub Group Posts Q2 Profit, Revenue Gains
Hub Group Inc. reported strong growth in second-quarter profits and revenue as it benefited from the robust rebound in the U.S. freight market.
Saia Reports Q2 Profit, Revenue Increases
Saia Inc. reported large second-quarter increases in profit and revenue, helped by improved operating efficiency and the economic rebound from the COVID-19 recession.
XPO Posts Q2 Profit on Record Revenue
Lifted by the highest revenue of any quarter in its history, XPO Logistics Inc. swung its second-quarter bottom line to a profit from a loss in the year-ago period.