U.S. and Chinese trade negotiators plan to meet again in early September, as the latest round of negotiations ended with few signs of concrete progress.
July 31, 2019Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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China, US Plan Next Round of Trade Talks for September
C.H. Robinson’s Net Income Up 6.3% in 2Q
C.H. Robinson Worldwide reported net income for the quarter ended June 30 came in at $169.2 million, up 6.3% from $159 million in the second quarter a year ago.
Trade Group Targets Federal E-Commerce Bid It Says Favors Amazon
A trade association representing wholesale distributors is pressuring lawmakers not to approve increased government spending on a highly lucrative e-commerce contract the group says favors Amazon.com.
July 31, 2019Hub Group Reports Record Earnings Per Share for 2Q
Hub Group announced net income of $29.2 million, or earnings per share of 87 cents, for the second quarter ended June 30, according to an earnings release.
Tesla to Pay China $323 Million a Year in Tax for Factory Site
Tesla Inc. agreed to pay China 2.23 billion yuan ($323 million) in tax every year as part of a deal with local authorities to build an electric vehicle factory on the outskirts of Shanghai.
Majority of Trade Aid Went to Biggest Farms, Study Finds
More than half of the Trump administration’s trade war aid for farmers went to just 10% of the recipients in the program, according to analysis of payments by an environmental organization.
Uber to Cut About 400 Employees, Citing ‘Mediocre Results’
Uber Technologies Inc. said it’s cutting a third of its marketing department globally, as the CEO seeks to address concerns that the business is slowing down.
Covenant 2Q Transport Revenue Up, Net Income Down
Covenant Transportation Group Inc. reported earnings of 33 cents per share on $6.1 million in net income in the quarter ending June 30, the company said in a July 24 news release.
US-China Talks Set to Resume as Neither Seems Eager for Deal
Almost three months after their trade talks broke down in acrimony, Chinese and American negotiators meet again in Shanghai this week amid tempered expectations for breakthroughs in their yearlong trade war.
July 29, 2019Perspective: Dealing With Specialty Goods When Consumers Expect Overnight Delivery
Given the robust demand for purchasing nonconveyable goods online — items such as exercise equipment and designer furniture — there exists for capable logistics providers a significant market opportunity.