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Logistics News
Business, Logistics

Saia, Echo Report Lower Fourth-Quarter Earnings

Weaker freight market conditions drove net income down 16% at less-than-truckload carrier Saia Inc., which reported a profit of $11.4 million, or 45 cents a share, and Echo Global Logistics Inc. earnings declined 64% to $1.7 million, or 6 cents a share, hurt by acquisition-related costs.

February 5, 2016
Business, Logistics

Norfolk Southern, CSX Say They Won't Make 2018 Deadline for Train-Control Safety System

CSX Corp. and Norfolk Southern Corp. told the Federal Railroad Administration they won't make the 2018 deadline for full implementation of positive train control.

Eric Anderson | Times Union (Albany, N.Y.)
February 4, 2016
Business, Logistics

Total Quality Logistics to Open New Indiana Location

Total Quality Logistics is planning to open a sales office next month at Blackthorn Corporate Park on the northwest side of South Bend, Indiana.

Kevin Allen | South Bend (Ind.) Tribune
February 4, 2016
Business, Logistics

Trailer Shipments Set Record as 2015 Orders Stay Strong

New trailer orders in the United States reached 315,000, the second-highest annual total, while a growing backlog pushed total shipments to an annual record, ACT Research reported.

Roger Gilroy | Senior Reporter
February 1, 2016
Business, Logistics

XPO Logistics Makes More Job Cuts at LTL Unit

XPO Logistics said it has cut another 190 jobs, primarily at its less-than-truckload unit, to save more than $20 million annually.

January 29, 2016
Logistics

Norfolk Southern to Cut 2,000 Jobs as Part of Streamlining Plan

Norfolk Southern Corp. reported Jan. 27 that fourth-quarter profit fell 29% from the same period a year ago and its yearly profit for 2015 was off by nearly as much — down 20% from a year earlier.

Robert McCabe | The (Norfolk) Virginian-Pilot
January 27, 2016
Business, Logistics

Swift Fourth-Quarter Net Income Rises 24%

Swift Transportation Co. improved fourth-quarter net income by 24% to $72.5 million, or 51 cents per share, helped by operational improvements throughout the company and improved profits at its dedicated freight unit.

January 26, 2016
Business, Logistics

Trailer Orders Fall 11% in 2015, But Shipments Set Record

U.S. trailer orders for 2015 fell 11% compared with 2014 to slightly more than 315,000, but shipments of trailers hit an all-time high as they climbed to more than 300,000, ACT Research said.

January 22, 2016
Logistics

Canadian Pacific to Shift Strategy in Bid for Norfolk Southern

Canadian Pacific Railway Ltd., concerned that mounting political pressure may scuttle its proposed stock-and-cash bid for Norfolk Southern Corp., plans to change strategy to sway lawmakers and reverse the momentum.

January 22, 2016
Business, Logistics

Boeing Patents Design for Intermodal Container Plane

Boeing has patented a design for an airplane that can pick up and carry containers in its belly, Popular Mechanics reported.

January 21, 2016
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