Omaha, Neb.-based Union Pacific Corp. reported strong second-quarter results, surpassing expectations of Wall Street analysts.
July 22, 2021Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Union Pacific Reports Strong Q2 Earnings
CSX Beats Expectations With Q2 Freight Surge
Jacksonville, Fla.-based CSX Corp. reported second-quarter earnings that showed a strong uptick in freight shipments, and the company’s financial picture exceeded Wall Street analysts’ expectations.
Uber Freight to Acquire Logistics Firm Transplace for $2.25 Billion
Uber Technologies Inc.’s freight business will acquire logistics technology firm Transplace from TPG Capital for $2.25 billion, the company announced July 22.
Lumber Surges Anew as Canada Wildfires Snarl Shipments
Lumber futures rose the most in more than a year on concern that wildfires in western Canada will reduce supply and spur more curtailments at sawmills.
Senate Commerce Leaders Push Supply Chain Efficiency
To promote efficiency across the country’s supply chain, Commerce Committee Chairwoman Maria Cantwell recently pressed colleagues to advance legislation meant to enhance the flow of freight.
Oakland OKs Port Site for Ballpark That Trucking Interests Oppose
The Oakland City Council on July 20 approved a non-binding term sheet for a proposed waterfront ballpark at the Port of Oakland, yet neither trucking interests nor the Athletics baseball club was happy with the outcome.
Pacific, Atlantic Ports Report Strong June Volumes
More than six months into the economic recovery, the nation’s ports on the Pacific and Atlantic coasts continue to see record or near-record cargo loads, and port officials and economists forecast the substantial numbers likely will continue well into 2022.
Startup Couriers Snatch Toehold in Biggest Shake-Up of E-Commerce Era
Surging e-commerce is generating more package deliveries than giant couriers can handle, clogging retailers’ logistical pipelines and frustrating consumers. But the logjam is spawning startups with new ways of speeding deliveries.
J.B. Hunt Reports $2.91B Revenue for Q2
J.B. Hunt Transport Services Inc. reported gains in profit and revenue for the second quarter of 2021.
Georgia Port Chief Sees US Import Surge ‘Easily’ Lasting Into 2022
The head of one of the largest U.S. gateways for trade said robust demand for imported goods likely will be sustained into 2022 as companies scramble to rebuild stockpiles during an uneven rebound from the pandemic.