Echo Global Logistics revenues surged 34.6% and profits beat analysts’ expectations by a large margin in the three months ended Dec. 31.
February 7, 2018Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Echo Global Logistics Revenues Surge 34.6%
Old Dominion Freight Line Helps MLB Teams Move
Continuing its partnership with the league and MLB teams across the country, Old Dominion Freight Line, along with fans and players, celebrated the beginning of a new season during the traditional spring training send-off known as Moving Day, according to a release.
UPS Gets $2.4 Million in Incentives for $41 Million Expansion Project in Texas
UPS Inc. wants to build a $41 million expansion to its El Paso, Texas, facility, and it plans to do so with more than $2 million in incentives from the city and the county.
Virginia Could Allow Trucks Up to 11,000 Pounds Heavier Than It Does Now
Trucks traveling Virginia’s roads could get about 10,000 pounds heavier if legislation gets the OK from the General Assembly.
Survey: US Manufacturers Say Autonomous Trucks Could Cut Costs
Manufacturers could save nearly 30% of their total transportation costs through 2040 if autonomous, longhaul trucking is aggressively adopted, according to an analysis of a new survey of U.S. manufacturers by PwC and the Manufacturing Institute.
February 6, 2018Amtrak Crash Adds to CSX’s Rising Accident Toll
A fatal crash of Amtrak and CSX Inc. trains Feb. 4 raises concerns about whether the freight railroad’s massive operations overhaul might have compromised safety and contributed to a rise in accidents.
BNSF Joins Group Aiming to Use Blockchain in Freight
BNSF Railway, which is owned by Warren Buffett’s Berkshire Hathaway Inc., said Feb. 5 that it has joined the Blockchain in Transport Alliance, a group of more than 200 freight and logistics companies that are exploring how to use the digital-ledger technology in their industry.
February 5, 2018UPS Orders 14 More Boeing 747s
The famed Boeing Co. 747 airplane now has a slightly longer lease on life — at least in the cargo transport industry.
Washington Town Undertakes $52 Million Road Project to Ease Truck Traffic
UNION GAP, Wash. — On a daily average, 3,400 trucks hauling freight travel along Main Street and Valley Mall Boulevard in Union Gap, Wash., just to access Interstate 82.
Universal Logistics Buys Fore Transportation, Expands in Chicago Market
Universal Logistics Holdings Inc. has acquired intermodal carrier Fore Transportation Inc. for $34.9 million in cash, the Warren, Mich.-based truckload company announced Feb. 2.
February 5, 2018