Refrigerated warehouse operator Americold Realty Trust logged a large increase in third-quarter revenue, but earnings didn’t keep pace and dipped from the same period a year earlier. Americold also fired its CEO.
November 5, 2021No rankings are available for this year.
Extras
Americold Third-Quarter Profit Lags, CEO Fired
Shipping Firms Seek Investments in Technology to Cut Emissions
GLASGOW, Scotland — Major shipping companies on Nov. 5 called for governments to put more money into researching and developing cleaner technologies to help the industry reduce its greenhouse gas emissions.
November 5, 2021Revenue Rises, Profit Drops for Mullen Group in Q3
Canadian carrier Mullen Group Ltd. reported record revenue but saw profits decline in the third quarter.
Texas Expands CDL Testing to 6 Days a Week
Texas is expanding truck driver license testing to six days a week in response to a nationwide shortage that has contributed to supply chain snarls across the economy.
UPS, TuSimple Expand Partnership
UPS and TuSimple plan to expand their relationship by adding routes where TuSimple will move cargo in autonomous Class 8 trucks in the southeastern and western U.S.
Supply Chain Delays Disrupt California Agriculture Exports
Amid an historic drought posing threats to future harvests, California farmers now say they have no way to export the crops they do have because of a kink in the global supply chain that has left containerships lined up off the Southern California coast with nowhere to deliver their goods.
VW CEO Tells German Workers Tesla Factory Will Threaten Jobs
Volkswagen AG CEO Herbert Diess urged German workers to prepare for a deeper overhaul to remain competitive when Tesla Inc. ramps up vehicle production at its first European factory outside Berlin next year.
XPO Reports Record Revenue, but Issues in LTL for Q3
XPO Logistics Inc. reported the highest revenue in its history Nov. 2, but noted some challenges with less-than-truckload performance for the third quarter.
Freight Stakeholders Seek Supply Chain Action From Biden
WASHINGTON — American Trucking Associations joined nearly 100 freight stakeholders in calling on President Joe Biden to amplify his administration’s response to ongoing supply chain woes nationwide.
New Utah Inland Port Seen as 'Relief Valve' for West Coast Facilities
Just 60 miles south from one of the most famous locations in American transportation history, Promontory Point, Utah, a new transportation and logistics center is open for business and still being built out.