Expeditors International of Washington Inc. saw revenues shoot up 18% for both the final quarter of 2018 and the fiscal year, a record-setting accomplishment which company officials attributed to growing but volatile volumes in ocean and airfreight.
February 21, 2019Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Expeditors Posts Record Profit, Revenues in 2018
US Tariffs Could Wreak Havoc on Auto Industry, Toyota President Says
Toyota Motor Corp. President Akio Toyoda called on President Donald Trump to make a “careful and appropriate decision” on whether car imports to the United States are a national security threat, and potentially impose tariffs, to avoid possible ripple effects across the industry.
US, China Crafting Foundation for Trade Deal, Source Says
U.S. and Chinese negotiators are working on multiple memorandums of understanding that would form the basis of a final trade deal, according to a person briefed on the talks.
Amazon to Disclose More Details on Environmental Impact
Amazon.com announced it will disclose its carbon footprint later this year, giving consumers and investors new insight into the environmental cost of its popular two-day shipping.
Walmart Slips as Yet Another Overseas Obstacle Materializes
In India, an unfavorable e-commerce ruling is likely to crimp the growth for Walmart Inc. In China, the retailer says an economic slowdown has shoppers tightening their purse strings. And now in the U.K., a deal to reduce Walmart’s exposure to the slowing market there is on life support.
Wheaton Van Lines Acquires Stevens Worldwide
Wheaton Van Lines is acquiring Stevens Worldwide Van Lines, adding a fourth household goods moving company to its corporate holdings.
Alberta Expects $1.7 Billion Profit From Crude-by-Rail Operation
Alberta is preparing a giant crude-by-rail operation to help its oil-sands producers cope with a pipeline crunch, and it expects a big profit from the venture.
Tesla CEO Elon Musk Sets Goal of Making 500,000 Cars in 2019
Elon Musk said Tesla Inc. will make about 500,000 cars this year, a prediction that’s difficult to gauge given the CEO’s proclivity for setting stretch goals.
PepsiCo Buys Wellness-Focused Muscle Milk in New CEO’s First Move
New PepsiCo Inc. CEO Ramon Laguarta has made his first acquisition, purchasing the maker of sports and wellness products Muscle Milk from Hormel Foods Corp. for an undisclosed amount.
White House Cancels $929 Million in Grants for California’s Beleaguered Rail Project
The Trump administration on Feb. 19 said it will cancel more than $900 million in federal grants earmarked for a high-speed rail project California that the state’s Democratic governor announced would be scaled back from its initial vision amid delays and cost overruns.