Americold reported a net loss of $14.2 million, or negative 6 cents a share, for the period ending March 31. The company said much of the loss can be attributed to increased acquisition and integration costs.
May 7, 2021Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Dedicated Contract Carriers
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Extras
Americold Reports Q1 Loss, Citing Costs Related to Acquisitions
Wisconsin Leaders Issue Grant to Support Marine Facility in Marinette
Wisconsin officials announced May 6 that $1 million in grant funding has been awarded to support infrastructure at a shipbuilding facility in Marinette.
Biden Pushes for His Infrastructure Plan in GOP Stronghold
With a badly aging bridge as his backdrop, President Joe Biden stood in reliably Republican Louisiana on May 6 to pressure GOP lawmakers to support his $2.25 trillion infrastructure plan — and yet express a willingness to compromise on the corporate tax hikes he’s recommending to pay the cost.
Hub Group Reports Q1 Revenue, Profit Gains
Hub Group posted large first-quarter gains in profits and revenue, reflecting a strong freight market.
World’s Biggest Brands Adopt Checklist to Protect Seafarers
Unilever Plc and other big retail brands are among consumer giants adopting a toolkit to audit their shipping supply chains in an effort to help bring seafarers stuck on commercial vessels back home and eliminate human rights risks.
XPO Begins Testing Electric Trucks
XPO Logistics is testing a Freightliner eCascadia in Oakland, Calif., the first step in what it expects is a lengthy transition from diesel-powered heavy-duty trucks.
Bill Would Create National EV Charging Network in Five Years
WASHINGTON — Rep. Andy Levin (D-Mich.) is reintroducing the EV Freedom Act, which seeks to build a nationwide electric vehicle charging network within five years.
Amazon Fuels Canada’s Severe Warehouse Shortage
With the pandemic driving a belated embrace of online shopping in Canada, Amazon .com Inc. has been gobbling up warehouses. That has pushed the vacancy rate in the Toronto area down to just 0.5%, making it the tightest market in North America, if not the world.
UPS Driver Delivers Help to Those in Need in Louisiana
UPS driver James Joseph’s philosophy sounds a lot like a slogan his company once had: What can “Big Brown” do for you? When he’s not delivering packages, Joseph has helped deliver air conditioners and fans to people during sweltering weather, water and supplies to hurricane-stricken areas and, most recently, masks and hand sanitizer to schools across Louisiana.
XPO Reports Highest Quarterly Revenue Ever in Q1
XPO Logistics Inc. hit a record for revenue during the first quarter of 2021, the company reported May 3.