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Logistics News
Government, Business, Logistics

New Mexico Pursues Opportunity for Rerouted Rail Line

SANTA FE, N.M. — New Mexico is highlighting its support for proposals that would route an international rail line through its Santa Teresa port of entry, capitalizing on Mexico’s unease with disruptions along the Texas portion of the U.S. border with Mexico.

Morgan Lee | Associated Press
May 5, 2022
Business, Logistics

Maersk Lost More Than $700 Million From Russia in Quarter

A.P. Moller Maersk A/S lost more than $700 million in the first quarter from the war in Ukraine as it counts the cost of exiting Russia, according to the shipping giant.

Christian Wienberg | Bloomberg News
May 4, 2022
Business, Logistics

Freight Industry Downshifts From Hectic Pace for Shipping

A gauge of logistics stress in the U.S. economy eased in April as freight transportation cooled, a sign that the broader economy is downshifting to a speed that remains expansionary.

Brendan Murray | Bloomberg News
May 3, 2022
Business, Logistics

Synergy Freight Solutions Merges With Knichel Logistics

Synergy Freight Solutions merged with Knichel Logistics Inc. to become Knichel Logistics–Detroit Branch, the companies announced April 25.

May 2, 2022
Government, Business, Logistics

Mexico to Route Rail Line Through New Mexico, Not Texas

Texas Gov. Greg Abbott’s border crackdown is generating fresh backlash, with Mexico’s economy minister announcing that a new rail line to the U.S. would now go via New Mexico instead of the Lone Star State.

April 29, 2022
Business, Logistics, Private

Amazon Falls, Projects Slower Growth as Online Sales Stall

Amazon .com Inc. projected sluggish second-quarter sales growth, as consumers reduce their online spending amid rising inflation and a return to pre-pandemic activities. The shares plunged about 10% in extended trading.

Matt Day | Bloomberg News
April 28, 2022
Business, Technology, Logistics

C.H. Robinson Posts Record Q1 Profits

Strong freight demand across its network powered C.H. Robinson Worldwide to record first-quarter profits.

Jerry Hirsch | Contributing Writer
April 28, 2022
Government, Business, Safety, Logistics

STB Searches for Answers About Freight Rail Delays

The U.S. Surface Transportation Board began two days of emergency public hearings April 26 to try to find ways to loosen the still-jammed supply chain.

Dan Ronan | Senior Reporter
April 27, 2022
Business, Logistics

Canadian National Reports Q1 Revenue Increase

Canadian National Railway experienced an increase in revenue but a decline in earnings during the first quarter, the company reported April 26.

Connor D. Wolf | Staff Reporter
April 26, 2022
Business, Logistics, For-Hire

UPS Reports Strong Q1 Earnings Amid Lower Package Volume

UPS Inc. reported first-quarter earnings that exceeded Wall Street expectations, saying its quarterly income increased to $3.3 billion compared with $2.77 billion in the first quarter of 2021.

Dan Ronan | Senior Reporter
April 26, 2022
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