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Logistics News
Business, Logistics

Expeditors Reports Higher Net Income, Revenue in 2Q

Expeditors International of Washington Inc. on Aug. 6 reported net income rose to $153 million, or 88 cents per share. That’s up 9% from $140.6 million, or 79 cents a share, in the same quarter a year ago.

Jim Stinson | Staff Reporter
August 6, 2019
Government, Business, Logistics

Taking in Just $70 a Day, Lordstown GM Plant Savior Workhorse Is in Trouble

Now more than ever, Workhorse looks more like Lordstown’s lottery ticket than a savior to be taken seriously. While it’s hard to imagine at this juncture the company having the capital needed to get GM’s factory humming again, it has a ray of hope to point to: a potentially lucrative contract to build next-generation mail trucks for the U.S. Postal Service.

August 6, 2019
Government, Business, Logistics

Economic Adviser Larry Kudlow Says US Still Expects China for September Trade Talks

President Donald Trump’s top economic adviser, Larry Kudlow, said the United States still expects Chinese negotiators to come to Washington for another round of trade talks in September, even after the two nations escalated their trade war.

Josh Wingrove | Bloomberg News
August 6, 2019
Government, Business, Logistics

China Halts Crop Imports, Weakens Yuan

China responded to President Donald Trump’s tariff threat with another escalation of the trade war Aug. 5, asking state-owned companies to suspend imports of U.S. agricultural products.

August 5, 2019
Business, Logistics

Amazon Loses ‘Last Bear’ Among Stock Analysts

Amazon.com’s last bear has given up. Allen Gillespie came into this week the only one of 55 financial analysts tracked by Bloomberg with a “sell” rating on the company’s shares. In a note to clients July 30, he upgraded the retail and technology giant to “hold.”

Matt Day | Bloomberg News
August 2, 2019
Government, Business, Logistics

Commodities Roiled as Trump Pours Gasoline on Trade War Inferno

Raw materials are reeling after President Donald Trump threatened new tariffs on Chinese goods, dashing hopes that the two sides might soon negotiate an end to the trade war that’s sapping global growth and demand for commodities.

August 2, 2019
Business, Logistics

Maersk Plunges as Investors Dump Trade Icon on Trump’s Tweets

Shares in A.P. Moller-Maersk A/S, the world’s largest container shipping line, plunged the most in two months after President Donald Trump escalated his trade war against China.

Christian Wienberg | Bloomberg News
August 2, 2019
Business, Logistics

XPO Reports Mixed 2Q Financials

Global freight transportation and logistics provider XPO Logistics reported mixed financial results for the second quarter Aug. 1.

Dan Ronan | Senior Reporter
August 2, 2019
Government, Business, Logistics

FBI: Amazon Drivers Part of Major Theft Ring

SEATTLE — A theft ring in Washington state sold millions of dollars’ worth of stolen goods on Amazon.com in the past six years, and a pair of Amazon delivery drivers was involved, recently unsealed federal court documents show.

Gene Johnson | Associated Press
August 1, 2019
Government, Business, Logistics

Trump Ratchets Up China Trade War With New Tariffs

President Donald Trump abruptly escalated his trade war with China, announcing that he would impose a 10% tariff on $300 billion in Chinese imports that aren’t yet subject to U.S. duties after setbacks in negotiations with Beijing.

August 1, 2019
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