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Extras
Logistics News
Government, Business, Logistics, TCA

Savannah Port Sets Container Record

The year has been another one for the record books at the Savannah ports.

DeAnn Komanecky | Savannah (Ga.) Morning News
July 26, 2018
Business, Logistics, Top 100

Forward Air Reports Strong 2Q Earnings

Forward Air Corp., a mostly expedited LTL carrier, reported July 26 second-quarter net income of $24.3 million, or 83 cents per share compared with $19.7 million, or 65 cents, a 23% increase from a year ago. The company’s operating revenue increased to $330.3 million compared with $283.9 million, a 16% jump.

Dan Ronan | Senior Reporter
July 26, 2018
Business, Logistics

Knight-Swift Shares Tumble Most in Four Years Amid Driver Shortage

Knight-Swift Transportation Holdings Inc. lost almost a fifth of its market value July 26, marking the biggest drop in four years, after sales fell because of a lack of drivers.

Thomas Black | Bloomberg News
July 26, 2018
Government, Business, Logistics

Motor Carriers Group Challenges California Law That Defines Independent Contractors

In a federal lawsuit filed July 19, the Western States Trucking Association alleges that the California Supreme Court’s new “ABC test” requirement for deciding if a contractor should be an employee “forces virtually all independent contractors to become employees to those they choose to contract or work with.”

Eric Miller | Senior Reporter
July 26, 2018
Business, Logistics, Top 100

Landstar Profit Jumps on Record Revenue

Landstar System reported record second-quarter net income of $62.5 million, or $1.51 a share, a rise of 67% from $37.5 million, and 89 cents per share, in the same period a year ago.

Burney Simpson | Staff Reporter
July 26, 2018
Business, Logistics, Top 100

UPS Surges as Jump in Foreign Sales Defies Rising Trade Tensions

UPS Inc. rose the most in almost seven years as international sales surged and the courier’s ambitious investment plans started to win over investors.

Thomas Black | Bloomberg News
July 26, 2018
Business, Logistics, Top 100

Covenant Profits Jump on 20% Revenue Rise

Covenant Transportation Group reported a positive second quarter, recording greater revenues and income as it moved forward on its purchase of Landair Holdings.

Burney Simpson | Staff Reporter
July 26, 2018
Business, Equipment, Logistics

Knight-Swift Sees Steady Revenue Rise as Merger Efforts Continue

Knight-Swift Transportation Holdings reported greater second-quarter revenue and improved income across most of its divisions as it continued the coordination of the two firms after their merger last September.

Burney Simpson | Staff Reporter
July 25, 2018
Business, Technology, Equipment, Safety, Logistics, Autonomous

Chinese Startups Floor the Pedal in Driverless Car Race

A group of Chinese startups is accelerating efforts to get autonomous vehicles onto roads in the world’s biggest auto market, a country its American peers from Alphabet Inc.’s Waymo to General Motors Co.’s Cruise may find tough to crack.

July 25, 2018
Logistics, TCA

FedEx Reaches Airfreight Deal With San Bernardino Airport

FedEx Express will begin operating daily cargo flights out of San Bernardino International Airport in October, under terms of a new 10-year agreement.

Brian Whitehead | San Bernardino County (Calif.) Sun
July 25, 2018
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