Union Pacific Corp. reported record 2018 fourth-quarter income of $1.55 billion, or $2.13 a share, on Jan. 24.
January 25, 2019Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Union Pacific Reports Strong 4Q Results, but Hints of Job Cuts
Google’s Bid to Battle Amazon Suffers Blow As Walmart Withdraws
Walmart Inc. has quietly withdrawn from one of Google’s marquee efforts to challenge Amazon.com in e-commerce.
US Crude Production to Beat EIA’s Outlook by 23 Years
A year ago, the U.S. government envisioned American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year.
China’s Car Slowdown Begins to Bite as Hyundai Lays Off Workers
As China’s car industry loses its shine, automakers are starting to buckle up for the downward slope with Hyundai Motor Co. announcing it is letting workers go and is reviewing production plans in the world’s biggest market.
FedEx Express Agrees to Buy International Business From Israeli Firm
FedEx Express is acquiring the international express delivery business of Flying Cargo Group, a company based in Israel that has been a service partner with FedEx since 1990, company officials announced Jan. 15.
January 25, 2019U.S. Xpress Moves to Divest U.S.-Mexico Trucking Operations
U.S. Xpress Enterprises has decided to cut back on its cross-border trucking operations, agreeing to sell its terminal in Laredo, Texas, along with 700 dry van trailers and divest its ownership of Xpress Internacional, a company based in Mexico that U.S. Xpress has operated since 2007.
Government Shutdown Strains Emerge in US Air Travel System
The strain of a 34-day partial government shutdown is weighing on the nation’s air-travel system, both the federal workers who make it go and the airlines that depend on them. Air traffic controllers and airport security agents continued to work without pay — they will miss a second biweekly paycheck Jan. 25 — but high absentee rates raise the threat of long airport lines, or worse.
Union Pacific, CSX, Reflect Solid Economic Growth
OMAHA, Neb. — The economy appears strong to the major freight railroads that haul the products and raw materials companies rely on, but the lingering trade disputes could derail business if they continue.
Railcar Loads for Canadian Oil Hit Record Amid Pipeline Bottleneck
Heavy Canadian crude isn’t getting cheaper, but that hasn’t stopped companies from splurging on costly rail shipments.
Mayors, Ambassadors Discuss Advancing NAFTA Replacement Deal
WASHINGTON — Officials representing the United States, Canada and Mexico expressed support for advancing the treaty that is meant to serve as a replacement for the North American Free Trade Agreement.