Just when it seemed lumber prices couldn’t surge any higher, problems for Canada’s railways mean the rally could continue.
April 27, 2018Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Canada’s Rail Crunch Adds to Soaring Cost of Lumber
Saia Posts Robust Profit, Revenue in 1Q
Saia Inc. reported April 27 first-quarter net income of $21.1 million, or 80 cents per share, an increase of 85% from the $11.4 million in net income and 44 cents per share reported in the first quarter of 2017.
April 27, 2018NAFTA Nations to Meet Again; Mexico Says Deal Possible in Days
The United States and its NAFTA partners are stepping up efforts to reach a tentative deal in the coming days — with one Mexican minister saying a pact is “reasonably close” while the United States prepares for talks with China.
April 27, 2018USA Truck Grabs Profit on Revenue Rise
USA Truck reported first-quarter 2018 net income of $1 million, or 13 cents per share, compared with a net loss of $4.9 million, or minus 61 cents a share, in the first quarter of 2017.
Union Pacific Records Solid 1Q Results
Union Pacific Railroad reported first-quarter net income of $1.3 billion, or $1.68 per share, compared with $1.1 billion, or $1.16, in the first quarter of 2017.
Universal Logistics Buoyed by Record Revenue, Strong Profits
Universal Logistics Holdings reported first-quarter net income of $10.4 million, or 37 cents per share, a rise of 147% from $4.3 million reported for the first quarter a year ago.
Minnesota Freight Railroad Files Lawsuit Over Light-Rail Project
Planners of the Southwest light-rail project in Minnesota are facing another legal challenge, this time from a freight rail company that is slated to share a portion of the nearly 15-mile route between Minneapolis and Eden Prairie.
Kansas City Southern Adds Rail Service Between Port of New Orleans, Dallas
Kansas City Southern will relaunch weekly rail service next month between the Port of New Orleans and metro Dallas, a move that will add more options to customers in the United States and Mexico.
April 26, 2018Truck Driver Shortage Spurs Rising Prices, Delayed Deliveries
If you see prices creeping higher for everything from cereal to socks in the next few months, you can probably blame this stark reality: There aren’t enough truck drivers delivering the goods to stores.
UPS Delivers 1Q Net Income of $1.34 Billion, Up 15% Year-to-Year
UPS Inc. reported double-digit gains in the first quarter as a result of the strength of its global business as well as economic conditions.