Old Dominion Freight Line saw revenue and net income rise for the first quarter of 2021, the company reported April 22.
April 22, 2021Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Old Dominion Freight Line Reports Strong Q1 Growth
Mullen Posts Increased Q1 Earnings on Declining Revenue
Mullen Group nearly tripled its earnings but saw revenue decline in the first quarter as growth was hindered by Canada’s slow recovery from the COVID-19 pandemic.
Volvo Group Sees More Risk From ‘Unstable’ Chip Supply Chain
Volvo Group said it may see further disruption from the semiconductor shortage that has forced the truck maker to idle plants, potentially hobbling a recovery that has seen orders more than double.
Pacific, Atlantic Coast Ports Set TEU Records in March
On both coasts, the nation’s ports continued their record pace for container volumes in March as goods keep coming into the U.S., nearly 14 months into the COVID-19 pandemic.
March Truck Tonnage Falls 9.5% Year-Over-Year
Truck tonnage in March declined on an annual and month-to-month basis, but the year-ago decline is up against comparisons to the first month that the COVID-19 pandemic gripped the nation, said American Trucking Associations Chief Economist Bob Costello in the federation’s monthly For-Hire Truck Tonnage Index release.
CN Makes $33.7 Billion Bid for Kansas City Southern
A bidding war is breaking out for Kansas City Southern, with Canadian National Railway making a $33.7 billion cash-and-stock offer for the railway.
XPO Logistics Announces Mark Manduca as Chief Investment Officer for GXO
XPO Logistics announced Mark Manduca will become chief investment officer of its planned spinoff business, GXO Logistics.
KC Southern Reports Mixed Q1 Earnings
Kansas City Southern reported mixed first-quarter earnings.
Illinois Makes $110 Million Available for Public Port Projects
Illinois officials announced $110 million is available for projects to improve public ports across the state.
Union Appeals Amazon Election Loss, Claiming Misconduct
Accusing Amazon .com Inc. of misconduct, the retail union that lost a hotly contested election at the company’s Alabama warehouse has asked federal officials to set aside the results.