Shippers faced hurdles with both ocean freight and airfreight in 2023, leading to declined volumes at North America's top container ports and airports.

A slump in international trade, geopolitical conflicts and economic uncertainty created a difficult business environment for the largest transportation and logistics providers in 2023.

Demand for global air cargo traffic continues to increase amid ­e-commerce growth and ocean shipping constraints, driving prices higher as carriers and airports seek new efficiencies to maximize capacity.

ArcBest Corp. experienced a 187% increase in earnings despite a decline in revenue during the third quarter of 2024, the company reported Nov. 1.

Colorado has been awarded $66.4 million in grant funding to improve the safety of the Burlington Northern Santa Fe rail line north of Denver.

Dock foremen and women in British Columbia issued a strike notice for Nov. 4, setting up a complete shutdown of Canada’s busiest port, a business group said.

“As we get into the holiday season, we’re excited about what we have in store for customers,” CEO Andy Jassy said in a statement.

Uber Technologies reported weaker-than-expected ride bookings and issued a middling forecast for the holiday quarter, even as it delivered record operating profit. 

The Omaha, Neb.-based carrier’s Q3 net income fell 72% to $6.6 million, or 11 cents per share, compared with $23.7 million, 37 cents, a year ago.

XPO’s North American LTL segment, its core operation, increased revenue by 1.9% to $1.25 billion from $1.23 billion last year despite declines in shipment volumes.