NEW YORK — Amazon reported strong results for the first quarter, driven by growth in its cloud-computing unit and a new surge of advertising dollars from its Prime Video streaming service.
April 30, 2024Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Amazon Sees Strong Q1 Results Driven by Cloud-Computing Unit
Containership Hit Far in Arabian Sea; Houthis Claim Attack
JERUSALEM — A containership came under attack by a drone in the far reaches of the Arabian Sea, corresponding with a claim by Yemen’s Houthi rebels that they assaulted the ship there.
Proxy Firm: Norfolk Shareholders Should Split Ticket in Vote
Norfolk Southern's CEO won support from adviser Institutional Shareholder Services before a shareholder vote on an activist-driven push to replace the railroad’s leadership team.
US Ports Report Continued Volume Gains in First Quarter
U.S. ports closed out the first quarter in March with continued year-over-year increases in container volumes.
Saia Q1 Profit Increases 19.2% as Revenue Rises 14.3%
Saia Inc. posted a 19.2% increase in profits in the first quarter of 2024 but undershot analyst and market expectations, even as key metrics improved.
GXO Completes Acquisition of UK-Based Wincanton
GXO Logistics has completed its acquisition of the U.K.-based transport and logistics services company Wincanton, the company announced April 29.
April 30, 2024Waabi Opens Texas Terminal as Hub for Self-Driving Trucks
Waabi Innovation opened a terminal in Lancaster, Texas, to serve as the center of the company’s operations in the state, which are at the heart of the self-driving truck specialist’s ambitions.
Ryder Continues Cross-Border Expansion With New Facility
Ryder System is opening a second multiclient logistics facility at a U.S.-Mexico port to take advantage of the recent nearshoring trend, the company announced April 29.
DB Schenker to Carry Out Range Energy Trailer Testing in H2
DB Schenker will carry out a pilot program testing Range Energy’s electrified dry van trailers in the second half of 2024, the startup said.
Kansas Gains $76.5 Million Window, Door Maker Logistics Hub
The Marvin Cos. plans to build a $76.5 million window and door manufacturing facility in Kansas City, Kan., that will boast 600 employees, including truck drivers, within four years.