Norfolk Southern’s streamlined operations delivered strong earnings, even excluding boosts from insurance payouts related to the derailment in East Palestine and the sale of two rail lines.
October 22, 2024Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Norfolk Southern Tops Third-Quarter Expectations
EV Manufacturer Revoy Unveils Ryder as First Customer
Revoy revealed Ryder System as the first customer for the Bay Area startup’s electric vehicle, which converts a Class 8 diesel semi into a hybrid without any changes to the tractor.
Ports of Indiana Announces Expansion and New Partnership
JEFFERSONVILLE, Ind. — Ports of Indiana, in partnership with Superior River Terminals Indiana, has launched “Indiana River and Rail Terminals,” the largest general cargo operation on the Ohio River.
Study: Tighter Intermodal Chassis Regulation Enforcement Needed
Policy changes would be an impractical solution to making the drayage and intermodal chassis market more efficient, according to a recently published study.
Consumers Switch to Slower Shipping, Squeezing UPS, FedEx
More people are switching to slower delivery options to save money, and profits at FedEx Corp. and UPS Inc. are getting squeezed.
CSX Sees 8% Profit Growth Despite Southeast Storm Damage
The Florida-based railroad is recovering from hurricanes Helene and Milton that battered its network in the Southeast. Some trains had to be rerouted as tracks are cleared and repaired.
States Temporarily Lift Fuel Tax Rules for Hurricane Relief
The exemptions are designed to facilitate aid delivery to Southern states still recovering from hurricanes Milton and Helene.
J.B. Hunt Q3 Profit Beats Expectations, Boosts Share Price
Profit at J.B. Hunt Transport Services fell in the third quarter of 2024 but outperformed analyst expectations as intermodal volume rose year over year.
Amazon, Google Make Dueling Nuclear Investments
Amazon on Oct. 16 said it was investing in small nuclear reactors, coming just two days after a similar announcement by Google, as both tech giants seek new sources of carbon-free electricity.
Dellinger Installed as ATA’s 80th Chairman
NASHVILLE, Tenn. — American Trucking Associations wrapped up MCE 2024 on Oct. 15 with an evening of celebration after electing Dennis Dellinger as the federation’s 80th chairman.