ArcBest Corp. reported record profits and revenue for the fourth quarter and the full year thanks to surging freight demand.
February 1, 2022Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
ArcBest Reports Strong Q4, Year on High Demand
UPS Surges After 2022 Forecasts Exceed Wall Street’s Estimates
UPS Inc. on Feb. 1 announced record fourth-quarter and full-year financial results, as online holiday shopping boosted home parcel deliveries while an increase in medical shipments kept the company’s drivers and trucks busy.
PennDOT Officials: Bridge’s ‘Poor’ Rating Didn’t Warrant Closure
PITTSBURGH — The bridge that collapsed in Pittsburgh Jan. 28 showed deterioration during a September inspection that was not bad enough to require its closure, the Pennsylvania Department of Transportation said Jan. 31.
DHL Invests in Robots to Automate Warehousing in North America
DHL Supply Chain is investing $15 million in robotics solutions from Boston Dynamics to further automate its warehousing in North America, the Westervillle, Ohio, company announced Jan. 26.
January 31, 2022Qatar Airways Orders 50 Boeing 777X Freighters
Boeing Co. formally launched its 777X freighter as Qatar Airways committed to purchasing up to 50 of the wide-body cargo haulers, kicking off sales of the planemaker’s first new jet program in nearly five years.
Boeing’s Aging Cargo Line Risks Losing Dominance to Airbus
The air cargo business, booming as never before during the global pandemic, is massively dominated by Boeing jets that make up most of the worldwide air freighter fleet. Yet there is a threat to that dominance.
‘Tens of Millions’ of COVID Tests Are in the Mail
About 60 million households in the U.S. have ordered at-home COVID-19 tests from the federal government and “tens of millions” of tests have been shipped out by the U.S. Postal Service, according to White House spokeswoman Karine Jean-Pierre.
Canadian Pacific Says Weather, KCS Merger Affected Q4 Results
Severe winter weather along part of its network and increased costs with the proposed merger of Canadian Pacific Railway with Kansas City Southern impacted fourth-quarter financial results.
Norfolk Southern Posts Record Results for Q4, Full Year
Norfolk Southern Corp. reported record fourth-quarter and full-year net income from railway operations and operating ratio when the Class I railroad released its results Jan. 26.
Cardboard Box Shortage Is Latest Disruption to Global Shipping
The latest hurdle to shipping goods in a world gripped by pandemic-driven supply chain disruptions is a shortage of cardboard boxes, according to one of the world’s biggest makers of the material.