UPS Inc. reported strong revenue growth and higher profits in the third quarter, despite international headwinds from currency valuations, rising fuel costs and ongoing investment in transformation initiatives.
October 24, 2018Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
UPS Reports Strong Revenue Growth, Higher Profits in 3Q
Kansas City Southern Sets Revenue Record in Third Quarter
Kansas City Southern on Oct. 19 reported record revenue for the third quarter, buoyed by a 17% increase in chemical and petroleum products and an 8% jump in automotive and intermodal shipments.
Imperial Logistics to Operate Volkswagen Group Packaging Center in Germany
Imperial Logistics will begin operating a new Volkswagen Group packaging center in Germany in April as part of the group’s decision to distribute parts through JadeWeserPort.
October 23, 2018Target Expands Free Delivery to Seize Market Share Opportunity
Target Corp. is expanding perks like free two-day delivery to snag as much as possible of the $100 billion in sales the company sees up for grabs from retailers that have gone under.
E2open Buys Leading Ocean Freight Software Firm Inttra
E2open, an Austin-based software company that provides cloud-based services for the supply chain industry, said Oct. 22 that it had acquired New Jersey-based Inttra, a software company that provides various tools to shippers and carriers in the ocean freight industry.
Pilot Freight Opens New Salt Lake City Warehouse
Pilot Freight Services, a global provider of transportation and logistics services, has announced the opening of a 44,000-square-foot multiclient warehouse in Salt Lake City. The space will bolster Pilot’s network of West Coast clients to meet consumer needs, especially in response to the continually growing e-commerce industry.
October 22, 2018MCE 2018 to Focus on Cooperation, Trucking Industry Promotion
When trucking officials gather at the annual American Trucking Associations Management Conference & Exhibition in Austin, Texas, Oct. 27-30, the major theme they will hear is how the industry can work together nationally and locally to promote trucking.
B&H Worldwide Expands European Network
British aerospace logistics provider B&H Worldwide announced the opening of two offices in Europe as well as the launch of a Europewide road freight network to provide an alternative road transport solution to current airfreight services.
October 19, 2018BigRoad Freight Introduces Personalized Load-Matching Platform
BigRoad Freight has launched a new set of features that gives drivers access to personalized load boards, load searching and truck posting through the BigRoad app. That allows them more control over the shipments they choose, according to a press release.
October 19, 2018Some Suppliers Cautious After Sears Files for Bankruptcy
Shortly after filing for bankruptcy earlier this week, Sears Holdings Corp. sent a letter to suppliers asking for their “ongoing support.” That’s been a difficult pitch. Some vendors have stopped shipping products to the retailer over concerns they won’t get paid, according to people with knowledge of the situation, who asked not to be identified because the talks are private.
October 19, 2018