Forward Air Achieves Record Revenue, Profits in 4Q
Forward Air Corp. turned in its best-ever fourth quarter and full year in 2018 with profits topping expectations and revenue increasing across most of its freight service lines.
February 7, 2019Hub Group Revenue Tops $1 Billion in Fourth Quarter
Intermodal and logistics service provider Hub Group reported revenue topping $1 billion and higher profits in the fourth quarter of 2018.
February 7, 2019Cummins Top Overall Supplier of Class 8 Diesel Engines in 2018
Independent engine maker Cummins Inc. supplied the most Class 8 diesel engines overall in 2018, and set a record for its heavier-displacement units used in one of the strongest years on record for new truck demand, WardsAuto.com reported.
February 7, 2019Polar Vortex Exposed Range Limitations of Electric Car Batteries, AAA Says
DETROIT — Cold temperatures can sap electric car batteries, temporarily reducing their range by more than 40% when interior heaters are used, a new study found.
February 7, 2019Infrastructure Stakeholders to Congress: Fix the Highway Trust Fund
Nearly a dozen stakeholders representing local governments and the freight and commuter sectors on Feb. 7 urged a House transportation panel to identify a sustainable source of funding for an infrastructure bill.
February 7, 2019Brixey & Meyer Capital Acquires CityDash
Investment firm Brixey & Meyer Capital announced it has acquired CityDash, a company based in Cincinnati that offers local and regional delivery services for packages and freight.
February 7, 2019Americold Acquires PortFresh Warehouse, Plans Port of Savannah Expansion
Cold storage warehouse operator Americold acquired PortFresh Holdings in Savannah, Ga., and said it will build a 15 million-square-foot cold storage facility on an adjacent site as part of a move to increase the firm’s share of the market for food imports and exports at the Port of Savannah.
February 7, 2019Amazon Cuts Deal to Unfreeze Suspended Product Listings in India
Amazon.com resurrected thousands of suspended product listings in India by selling much of its stake in top local venture partner Cloudtail, a hastily arranged deal intended to comply with stringent new e-commerce regulations that upended the market.
February 7, 2019DSV Says Takeover Goal ‘Not Dead’ as Panalpina Speculation Grows
DSV A/S, one of the world’s biggest freight forwarding companies, will pursue a plan to take over Panalpina even after the Swiss company’s biggest shareholder made clear it’s opposed to the tie-up.
February 7, 2019Steel Expected to Struggle on China Tariffs
After two years of bumper profits, the steel industry is entering a slowdown. ArcelorMittal, as well as smaller European producers like Salzgitter AG and Voestalpine AG, are sounding the alarm about weakening conditions, particularly in China. The country, which uses about half of the world’s steel, is now expected to see a drop in demand, the first contraction since 2015.
February 7, 2019