COVID-19 Jolts Workhorse Production; Year-Over-Year Losses Widen
A COVID-19 outbreak has upended production at electric truck startup Workhorse Group as nearly 40% of the company’s factory workforce have become infected or exposed to the virus.
XPO Posts Revenue Increase, Net Income Decrease in Q3
XPO Logistics Inc. saw revenue tick up and net income dip in the third quarter, and the company said business activity has bounced back from earlier downturns.
Expeditors Posts Rise in Profit, Revenue for Q3
Expeditors International of Washington posted third-quarter gains in profit and revenue as the logistics company capitalized on a rebounding economy.
ArcBest Records Increase in Q3 Net Income, Revenue
ArcBest Corp. posted gains in net income and revenue in the third quarter as its business rebounded from the economic impact of the coronavirus pandemic.
YRC Posts Narrowed Q3 Loss, Will Change Corporate Name to Yellow
YRC Worldwide Inc. narrowed its losses during the third quarter, announced plans to change its name to Yellow and expanded its board of directors.
Hub Group’s Q3 Earnings Lower as Pricing Issues Squeeze Profits
Hub Group reported lower third-quarter earnings as pricing issues hurt its profit margin.
C.H. Robinson Reports Drop in Q3 Earnings
C.H. Robinson Worldwide posted a dip in third-quarter profits as it got squeezed between freight contracts and the cost of shipping the cargo.
Echo Global Logistics Posts Higher Q3 Profit, Revenue
Echo Global Logistics posted higher third-quarter profits and revenue on the strength of freight volume.
Saia Reports 26% Net Income Gain in Q3
Saia Inc. posted a strong gain in profit even as revenue grew modestly in the third quarter.
The Rise of the Warehouse Robot
The COVID-19 pandemic has accelerated the decline of brick-and-mortar retail establishments and accelerated e-commerce, creating a massive logistical challenge for warehouse and distribution center operators.