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Logistics News
Business, Logistics

Hub Group Beats Estimates, Generates $1 Billion in Quarterly Revenue

Hub Group turned in better-than-expected results in the third quarter, with revenue topping $1 billion for the first time and beating analysts’ profit projections, although net income was down compared with the same period a year ago.

October 26, 2017
Business, Logistics

Old Dominion Scores Win in 3Q Earnings, Surges Past Wall Street Forecasts

Old Dominion Freight Line Inc. reported a 20% climb in profits to $102.3 million, or $1.24 per share, in third-quarter profits. The results were 8 cents better than the Bloomberg News consensus forecast of analysts.

Ari Ashe | Staff Reporter
October 26, 2017
Business, Technology, Logistics

China’s Uber-for-Trucks Apps Trade Barbs as Battle Turns Toxic

Harassing phone calls, spam text messages and police investigations — the fight between China’s Uber-for-trucks apps is getting nasty.

Lulu Yilun Chen | Bloomberg News
October 26, 2017
Business, Logistics

UPS Revenues Rise, but Profits Flat in Third Quarter

UPS Inc. profits essentially were flat year-over-year in the third quarter, ticking down about 0.5% or $6 million as the parcel giant also announced a 4.9% rate increase effective Dec. 24 to match other less-than-truckload carriers.

Ari Ashe | Staff Reporter
October 26, 2017
Business, Logistics

US Goods-Trade Gap Widens to Four-Month High

The U.S. merchandise-trade deficit widened to a four-month high as imports rose for the first time since April, according to preliminary figures released Oct. 26 by the Commerce Department. The report also showed inventories increased at wholesalers and fell at retailers.

Agnel Philip | Bloomberg News
October 26, 2017
Business, Logistics

Forward Air Posts Solid Year-Over-Year Gain in Profits

Forward Air Corp. had a steady third quarter with its results slightly topping analysts’ forecasts, indicating the for-hire carrier is moving at a measured pace for the year.

Burney Simpson | Staff Reporter
October 25, 2017
Government, Technology, Safety, Logistics, TCA

Maryland Governor Promises Traffic Signals With Artificial Intelligence to Ease Highway Congestion

Drivers in 14 state highway corridors in Maryland will see their travel times cut over the next year as a result of a $50 million upgrade to traffic signals, Gov. Larry Hogan said Oct. 25.

Michael Dresser | The Baltimore Sun
October 25, 2017
Government, Business, Technology, Equipment, Logistics, Autonomous

Amazon’s Dream of Drone Deliveries Gets Closer With Trump’s Executive Order

Drone deliveries got a step closer to reality as the White House issued an order giving local governments more authority to conduct tests of the burgeoning new technology.

Alan Levin | Bloomberg News
October 25, 2017
Government, Logistics, TCA

Illinois Considering Closing Some Highway Rest Areas

The state of Illinois is considering how to rehab, or possibly close, some state rest areas, and has even launched a public survey about travelers’ likes and dislikes of the interstate highway stops — drawing thousands of responses so far.

October 25, 2017
Government, Business, Logistics, TCA

Jacksonville Approves $1.5 Million for Bridge Ramp Demolition to Improve Truck Access to Port

It was first about public safety. Then, modernizing city roads. Now Jacksonville, Fla., Mayor Lenny Curry says he wants to demolish the elevated ramp connecting the Hart Bridge to downtown so cargo trucks can better access the port.

Christopher Hong | The Florida Times-Union (Jacksonville, Fla.)
October 25, 2017
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