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Logistics News
Government, Business, Logistics

US Grants $2.4B for Rail Infrastructure Upgrades

Most of the money will go to track and bridge upgrades. Some will be used to bolster training and explore cleaner-burning alternatives to the diesel the rail industry has long relied on.

Josh Funk | Associated Press
October 29, 2024
Government, Business, Logistics

New Indiana-Ireland Pact Seeks Direct Container Service

A business pact to form a container service between Indiana and Ireland was signed recently by officials from the Ports of Indiana and Port of Cork.

Noël Fletcher | Staff Reporter
October 29, 2024
Government, Business, Equipment, Logistics

New Arizona-Mexico Commercial Port Gets $275M Contract

The U.S. General Services Administration awarded a $275 million contract to create a large commercial border crossing in Arizona to facilitate bilateral trade with copper mines in Mexico.

Noël Fletcher | Staff Reporter
October 29, 2024
Business, Logistics, For-Hire, Top 100

Covenant's Q3 Net Income and Revenue Take Slight Dips

The company reported third-quarter net income of $13 million, or 94 cents per share, compared with $13.5 million, 99 cents, in the year-ago period.

October 29, 2024
Government, Business, Technology, Logistics

US Finalizes China Investment Restrictions on Key Tech

The rules, which come after more than a year of deliberation, ban some investments into those industries and require the U.S. government to be notified about others.

Mackenzie Hawkins | Bloomberg News
October 28, 2024
Business, Logistics

Total Distribution Buys REO Processing & REO Logistics

Third-party logistics specialist Total Distribution Inc. is adding 10 facilities across West Virginia and Georgia through the acquisition of REO Processing & REO Logistics, it said in a release.

October 28, 2024
Business, Logistics

Universal Reports Year-Over-Year Growth Amid Weak Market

Universal Logistics Holdings inched up third-quarter revenue and earnings despite weak market conditions, the company reported Oct. 24.

Connor D. Wolf | Staff Reporter
October 28, 2024
Business, Logistics, For-Hire, Global Freight, TCA

Anchorage’s International Airport Adds 5 Carriers

The Ted Stevens Anchorage International Airport has added five new international cargo carriers to its lineup this year, setting the stage for continued growth.

Alex DeMarban | Anchorage Daily News
October 25, 2024
Business, Logistics, Global Freight, TCA

German Shipping Giant Hapag-Lloyd Posts Higher Profits

HAMBURG, Germany — The German shipping company Hapag-Lloyd has raised its profit forecast for the current financial year because of rising freight rates.

dpa | Hamburg, Germany
October 25, 2024
Government, Business, Logistics, TCA

Port of New Orleans Names CEO

Beth Ann Branch of Port of Mobile was chosen as the next CEO of the Port of New Orleans and Public Belt Railroad, putting a former Gulf Coast rival at the helm in New Orleans.

Tony Mcauley | The Times-Picayune | The New Orleans Advocate  
October 25, 2024
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