XPO Logistics Inc. narrowed its loss on an adjusted basis of $7.3 million, or 13 cents, compared with $10.9 million in the year-earlier period as revenue growth continued and margins improved.
November 6, 2014
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Logistics News
Business, Government, Safety, Logistics
Truckers to Seek HOS Waiver to Ease Calif. Port Congestion
Southern California port truckers, crippled by extensive delays, intend to seek the first-ever federal hours-of-service rule waiver for the sector in a bid to free up clogged cargo at the two largest U.S. ports.
November 10, 2014Business, Safety, Government, Logistics
Shippers Nudge Carriers, Brokers to Offer Expanded Service Menu
Shippers are asking carriers and logistics companies to handle their entire books of freight, with truckload, less-than-truckload, intermodal and parcel deliveries in the mix, transportation software makers said.
November 10, 2014Fuel, Business, Logistics, Government
Fuel Prices Continue to Decline as Oil Drops Below $80 a Barrel
Diesel’s national average pump price continued to drop last week, falling 1.2 cents to $3.623 a gallon, while retail gasoline slid below the $3 mark for the first time in almost four years, the Department of Energy reported.
November 10, 2014Business, Logistics
XPO Logistics Loss Narrows as Revenue, Margins Climb
Business, Logistics
Expeditors Boosts Net Income 11%
Expeditors International of Washington Inc. said third-quarter net income rose 11% to $102.4 million, or 53 cents per share, from $92.4 million, or 45 cents, as demand and pricing improved for air and ocean freight.
November 4, 2014Business, Logistics
Forward Air Acquires Intermodal Firm for $5.75 Million
Forward Air Corp. said subsidiary Central States Trucking Co. acquired the assets of Multi-Modal Trucking Inc. and Multi-Modal Services Inc. for $5.75 million.
November 4, 2014Business, Logistics
Trailer Orders Soar 86.2%
New trailer orders spiked 86.2% in September from a year earlier, soaring to the highest level in nearly a decade as fleets rushed to reserve 2015 build slots, analysts and manufacturers said.
November 3, 2014Business, Logistics
Forward Air Raises Driver Pay
Forward Air Corp. said subsidiary FAF Inc. is increasing pay for owner-operators effective Jan. 4.
October 31, 2014Business, Government, Logistics
Consumer Sentiment Rises to Highest Since July 2007
Consumer confidence rose in October to a seven-year high as employment opportunities and declining gasoline prices boosted Americans’ spirits.
October 31, 2014Business, Logistics
Intermodal Rail Traffic Rises for Week
U.S. rail intermodal traffic increased 6.7% in the week ended Oct. 25 compared with the same week last year, the Association of American Railroads reported.
October 31, 2014Archives
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