General Electric Co. plans to end most locomotive manufacturing at a century-old Pennsylvania factory as the company looks to cut costs amid a sharp downturn in the domestic rail market.
July 31, 2017Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Dedicated Contract Carriers
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Extras
GE to Cut 575 Jobs at Century-Old Locomotive Plant
Growing Economy Boosts Fuel Demand to Decade High
A growing U.S. economy sparked a jump in fuel demand from companies and travelers in June, which may help to ease a persistent supply glut.
Warehouse Forklifts Finally Give Hydrogen Power a Reason to Be
His tiny company, Plug Power Inc., makes hydrogen fuel cells, and for years he struggled to find customers. No longer. In April, Amazon.com Inc. agreed to try out the technology in forklift fleets at 10 of its warehouses.
Amazon’s Warehouses Remind Market That Dominating E-Commerce Has a Price
Amazon.com Inc. reminded investors that luring shoppers away from stores and dominating the cloud-computing industry isn’t cheap.
Echo Suffers Losses for Third Straight Quarter
Echo Global Logistics set a new record on July 27 after failing to make a profit for the third consecutive quarter, which hasn’t happened once since the company went public in mid-2009.
Amazon Enlists Researchers to Build Box-Packing Warehouse Robots
Sixteen teams of robotics researchers are traveling to Japan this week to help Amazon.com Inc. solve its warehouse problem.
UPS Reaps the Reward of Price Increases
UPS Inc. is finally figuring out how to make money from the surge in online shopping.
XPO Hires Christopher Synek as President of North American Transportation Division
XPO Logistics has hired Christopher Synek as president of transportation in North America, running the brokerage, expedited trucking, intermodal marketing, drayage and global forwarding businesses.
July 26, 2017Cargo Activity at Illinois Airport Jumps 39% as UPS, Amazon Flights Increase
More jobs and cash have landed at Chicago Rockford International Airport, where cargo volume is up nearly 40% for the first six months of the year compared with the first half of 2016.
This Obscure NAFTA Chapter Could be Canada’s Deal-Breaker Again
The U.S. confirmed last week that among its top objectives in upcoming negotiations on the North American Free Trade Agreement — which superseded the FTA in 1994 — is the elimination of the Chapter 19 dispute-resolution mechanism that previous Canadian Prime Minister Brian Mulroney went to such lengths to preserve.