TFI International reported large gains in second-quarter net income and revenue, helped by its acquisition of the UPS Freight operation.
July 28, 2021Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
UPS Freight Purchase Powers TFI to Q2 Gains
Shopify Profit Is More Than Double Forecast, Extending Streak
Shopify Inc. beat expectations in the second quarter, with adjusted profit per share more than double what analysts had forecast, and said operating earnings for 2021 should exceed last year’s.
UPS Earns $2.7 Billion in Q2
Robust e-commerce business and the company’s role in delivering millions of COVID-19 vaccines worldwide helped contribute to strong second-quarter financial results for Atlanta-based UPS Inc.
Airports in West Deal With Shortage of Jet Fuel
A shortage of jet fuel, coupled with supply chain issues and an urgent demand from firefighting aircraft, continues to cause problems at airports around the West.
July 26, 2021Ryder Teams With Bed, Bath & Beyond on Distribution Centers
Bed Bath & Beyond Inc. will partner with logistics specialist Ryder System Inc. to develop two distribution centers in Pennsylvania and California.
Forward Air to Offer LTL Service in Vancouver
Forward Air Corp. will expand its expedited less-than-truckload service in Vancouver, British Columbia, the company announced July 20.
July 23, 2021U.S. Xpress Reports $475 Million Revenue for Q2
U.S. Xpress Enterprises posted gains in earnings and revenue growth during the second quarter, the company reported.
US, Mexico Fail to Resolve Trade Dispute for Cars
The U.S. and Mexico failed to resolve a dispute over trade rules for cars during a meeting this week, threatening the goal of boosting regional manufacturing under their new trade pact.
Ryder Expands Last-Mile Delivery Network
Ryder System plans to extend expansion of its last-mile delivery network to meet growing consumer demand, the company said.
July 23, 2021TForce Logistics Expands Regional Last-Mile Delivery in Texas
The TFI International operating company, TForce Logistics, launched a regional e-commerce network in Texas, the company announced July 20.
July 22, 2021