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Logistics News
Business, Logistics

CSX Profit Slips Amid Baltimore Bridge Collapse Response

CSX railroad’s second-quarter profit slipped 2% as it scrambled to respond to the Baltimore bridge collapse in March that disrupted coal exports.

Josh Funk | Associated Press
August 6, 2024
Government, Business, Logistics

Senate Greenlights Its Version of Water Infrastructure Act

In a show of bipartisanship, senators voted to inject billions into the nation’s ports, dams and canals, passing a sweeping water infrastructure bill.

Eugene Mulero | Senior Reporter
August 5, 2024
Logistics

Seven Logistics Companies Merge Into SalSon Logistics

A group of seven logistics companies is set to merge under the banner of SalSon Logistics, with a focus on drayage and warehousing services, they said Aug. 5.

Keiron Greenhalgh | Staff Reporter
August 5, 2024
Government, Business, Logistics

Silicon Valley Subway Project Nabs $5.1B for Bay Area Link

The long-awaited subway project linking California’s Silicon Valley to parts of the San Francisco Bay Area is set to receive $5.1 billion in federal funding.

August 2, 2024
Business, Logistics, For-Hire, Top 100

Hub Group Misses Analyst Expectations on Weak Q2 Market

Hub Group profit in the second quarter of 2024 fell due to the ongoing weakness in the North American freight market, but a final-mile acquisition in December 2023 offered a bright spot.

Keiron Greenhalgh | Staff Reporter
August 2, 2024
Business, Logistics, For-Hire, Top 100

Schneider Q2 Profit Slumps as Intermodal, Logistics Revenue Falls

Schneider National profit in the second quarter of 2024 slumped 54% as price increases failed to arrive as early as the carrier expected and ongoing freight market weakness saw intermodal and logistics revenue decline.

Keiron Greenhalgh | Staff Reporter
August 2, 2024
Business, Logistics, Private, Global Freight

Amazon Reports Boost in Quarterly Profit to $13.5 Billion

Amazon reported a boost in its quarterly profits Aug. 1, but the company missed revenue estimates, sending stocks lower in after-hours trading.

Haleluya Hadero | Associated Press
August 1, 2024
Government, Business, Safety, Logistics

Port Houston Gets USDA OK to Directly Handle Cold Treatment Cargo

The U.S. Department of Agriculture has granted authority to Port Houston to handle cold treatment cargo, creating an opportunity for drayage companies in the region.

Noël Fletcher | Staff Reporter
August 1, 2024
Business, Logistics

C.H. Robinson Profit Jumps on Higher Seaborne Prices

C.H. Robinson Worldwide profit in Q2 jumped 29.7% year over year as a result of higher seaborne services pricing, a bigger margin on truckload and LTL shipments and a decrease in head count.

Keiron Greenhalgh | Staff Reporter
August 1, 2024
Government, Business, Logistics

Liebherr to Build $176M Distribution Center in Mississippi

A top Swiss manufacturer of construction equipment has inked a $176 million deal with Mississippi state officials to build a massive distribution and logistics center to provide spare parts in North and South America.

Noël Fletcher | Staff Reporter
August 1, 2024
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