TFI International profits slid year-over-year in the three months ending March 31, with its top executive saying April 26 that conditions in the quarter were tougher than expected.
April 26, 2023Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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TFI Reports Lower Income, Revenue
Old Dominion Reports Revenue, Earnings Decline for Q1
Old Dominion Freight Line experienced a year-over-year decline in revenue and earnings during the first quarter, the company reported April 26.
April 26, 2023House Introduces Ocean Shipping Competition Enforcement Act
U.S. Rep. John Garamendi (D-Calif.) on April 24 introduced the Ocean Shipping Competition Enforcement Act, legislation he says will help the Federal Maritime Commission.
UPS Reports Lower Earnings as Consumer Spending Slows
UPS Inc. reported first-quarter earnings that were lower than those the Atlanta-based company posted in the same period in 2022 and were mixed when it came to Wall Street expectations.
Pete Buttigieg Eyes Expansion of Supply Chain Data-Sharing
A voluntary forum through which freight sector stakeholders can share information is poised to expand, Transportation Secretary Pete Buttigieg recently told members of Congress.
CN Announces Alliance With Union Pacific, Mexican Railroad
Canadian National announced plans to begin rail service in Mexico, the United States and Canada with what the railroad says will be a seamless connection in Chicago.
April 25, 2023Road Designers Confront Challenges of Balancing Safety, Function
Trees and passenger vehicles number among the safety challenges for road design benefiting freight movement. Will the new influx of federal funding help us get it right?
US-China Tensions Amplify Global Trade Shifts
Political tensions between the U.S. and China are contributing to lower container shipments between the world’s two largest economies, says Ocean Network Express CEO Jeremy Nixon.
NFI Acquires SDR Distribution
NFI has acquired SDR Distribution Services, a multichannel provider of custom warehousing and distribution solutions, the company announced April 18.
April 24, 2023FAA’s Acting Chief Announces Plan to Step Down
Billy Nolen, acting administrator of the U.S. Federal Aviation Administration, is stepping down after just over a year on the job.