Universal Logistics Holdings experienced higher earnings and revenue during a historic first quarter, the company reported May 5.
May 6, 2022Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Universal Reports Higher Results in Historic Q1 for Company
How AI Is Streamlining Freight Movement
While the concepts of artificial intelligence and machine learning are not new, rapid advances in this field are driving the future of software development in the freight transportation industry.
China’s Port Lockdowns Threaten Domestic Trucking
China locking down key port cities because of a new outbreak of the coronavirus could have serious ramifications for trucking in the United States.
Aurora Innovation Focuses on Real-Time Data
Autonomous driving technology company Aurora Innovation Inc. announced it is developing a system, Aurora Beacon, intended to allow customers to optimize autonomous vehicles for “24/7/365 operation.”
May 5, 2022GXO Reports Higher Earnings, Revenue for Q1
GXO Logistics Inc. recorded higher net income and revenue in the first quarter, the company reported May 4.
New Mexico Pursues Opportunity for Rerouted Rail Line
SANTA FE, N.M. — New Mexico is highlighting its support for proposals that would route an international rail line through its Santa Teresa port of entry, capitalizing on Mexico’s unease with disruptions along the Texas portion of the U.S. border with Mexico.
Maersk Lost More Than $700 Million From Russia in Quarter
A.P. Moller Maersk A/S lost more than $700 million in the first quarter from the war in Ukraine as it counts the cost of exiting Russia, according to the shipping giant.
Freight Industry Downshifts From Hectic Pace for Shipping
A gauge of logistics stress in the U.S. economy eased in April as freight transportation cooled, a sign that the broader economy is downshifting to a speed that remains expansionary.
Synergy Freight Solutions Merges With Knichel Logistics
Synergy Freight Solutions merged with Knichel Logistics Inc. to become Knichel Logistics–Detroit Branch, the companies announced April 25.
May 2, 2022Mexico to Route Rail Line Through New Mexico, Not Texas
Texas Gov. Greg Abbott’s border crackdown is generating fresh backlash, with Mexico’s economy minister announcing that a new rail line to the U.S. would now go via New Mexico instead of the Lone Star State.