Swift Transportation profits plunged 30% in the fourth quarter following drops in revenue in every division except for the dedicated contract carriage.
January 26, 2017Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Ocean Freight Forwarders
No rankings are available for this year.
Extras
Swift Profits Plummet 30%, Revenues Fall in Three of Four Divisions
CSX Investors Are All Ears for Harrison Pitch to Run Carrier
If most CSX Corp. investors are like Sandy Pomeroy and T.J. McConville, Hunter Harrison will probably have a fourth railroad to run.
Norfolk Southern Profits Jump 15% in Fourth Quarter, Beating Analyst Forecasts
Norfolk Southern posted stronger earnings in the fourth quarter with a 15% increase in profits compared with the same period in 2015, beating the already favorable forecasts from industry analysts.
January 25, 2017Trailer Orders End 2016 on Strong Note, Climbing Above 34,000
Net trailer orders in December were the second-highest of the year, and improved year-over-year as well, but 2016 remained significantly weaker than 2015, ACT Research said.
TFI International Expands Into Last-Mile Medical Delivery With Acquisition
TFI International (formerly TransForce Inc.) acquired the ground transportation business of World Courier in the United States from pharmaceutical distributor AmerisourceBergen Corp.
January 23, 2017Letters: Safe Food Transport, Government Efficiency
Uniformity Would Ease Safe Food Transportation
January 23, 2017Outgoing DOT Chief’s Final Report Provides Road Map for Infrastructure
Investments in infrastructure are needed across every level of government to accommodate the massive increases in truck traffic and freight demand over three decades, outgoing Secretary of Transportation Anthony Foxx indicated in his final report as head of the agency.
UPS, FedEx, Amazon Form Twin 33s Advocacy Group
A new coalition of shippers and retailers led by UPS Inc., FedEx Corp. and Amazon.com plans to call on members of Congress to support the nationwide access of twin 33-foot trailers, a move likely to ignite a contentious debate among lawmakers during the 115th Congress.
Ports Set Records for Containers in 2016; Forecast Better for 2017 Amid Uncertainty
For several top North American container ports 2016 was a record-setting year, and industry analysts are cautiously optimistic that 2017 will be even better despite the uncertainty in Washington that comes with a new presidential administration.
Hyundai Merchant Marine to Buy Minority Stake in Total Terminals International
Hyundai Merchant Marine will buy a 20% stake in Total Terminals International, agreeing to a $15.6 million deal with Mediterranean Shipping Co. on Jan. 19, one day after a U.S. bankruptcy court approved MSC’s purchase from the bankrupt Hanjin Shipping Co.