Earlier this month, local letter carriers were told to delay delivering mail in order to save money for the United States Postal Service, a direction that apparently came from top federal officials to mail carriers throughout the country.
July 29, 2020Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
USPS Grapples With Financial Crisis as Mail Delays Continue
C.H. Robinson Profit, Revenue Fall in Q2 Over COVID-19 Impact
C.H. Robinson Worldwide experienced a drop in second-quarter profit and a smaller dip in revenue as it dealt with the economic effects of the COVID-19 pandemic.
Forward Air Invests $40 Million in Columbus Hub Expansion
Forward Air Corp. is expanding the capacity of its national hub in Columbus, Ohio, by approximately 30%, the company announced July 27.
July 27, 2020Union Pacific Posts Profit, Revenue Declines in Q2
Class I railroad Union Pacific saw second-quarter income and revenue fall amid the coronavirus pandemic.
World’s Supply Chain May Not Be Ready for COVID-19 Vaccine
The industries that shepherd goods around the world on ships and planes acknowledge they aren’t ready to handle the challenges of shipping an eventual COVID-19 vaccine from drugmakers to billions of people.
New-Home Sales in June Surge to Highest in Almost 13 Years
New-home sales in the U.S. increased to an almost 13-year high in June, fueled by record-low borrowing costs and adding to evidence that residential real estate is a bright spot for the economy.
Landstar Reports Lower Net Income in Q2
Landstar System Holdings Inc. on July 22 reported second-quarter net income and revenue were down compared with last year’s levels.
Echo Global Reports $514 Million in Q2 Revenue
Echo Global Logistics saw a large drop in profit but a smaller decline in revenue during the second quarter.
Baker Hughes Bracing for Second Wave of COVID-19 Lockdowns
Baker Hughes Co. is bracing for a second wave of pandemic-induced lockdowns after the virus crippled economic activity around the world and compounded a historic oil bust.
Canadian National Q2 Earnings Squeezed by Pandemic
Canadian National Railway is the latest Class I railroad to feel the impact of the COVID-19 pandemic.