Forward Air Corp.’s net income dropped 8.2% from the same quarter last year, the Greeneville, Tenn.-based company reported July 26. But at the same time, the company set a second-quarter record for revenue.
July 26, 2019Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Forward Air Sets Revenue Record in 2Q
TFI International Reports Record Operating Income for 2Q
TFI International reported record results for its second quarter ending June 30, the company said in a July 25 press release.
Amazon’s Spending on One-Day Delivery Dents Profit, Trims Forecast
Amazon.com’s results were marred by a surge in costs tied to its one-day delivery push, worrying investors who had grown accustomed to almost two straight years of fattening profits.
China Rejects FedEx’s Defense for Rerouted Huawei Packages
China rebuffed FedEx Corp.’s claims that it mistakenly rerouted some Huawei Technologies Co. packages to the U.S. and warned that authorities found other violations by the American delivery firm, raising concern the company could face repercussions from Beijing.
July 26, 2019Mullen Group’s Revenue Jumps 7.9% as Oil Service Remains in Demand
Canadian carrier Mullen Group Ltd. increased revenue by C$23.3 million, or 7.9%, to $319 million in the second quarter ended June 30, according to a company news release.
ODFL Sets Company Records as Earnings, Revenue Rise
Less-than-truckload carrier Old Dominion Freight Line reported higher net income and revenue in the second quarter as it achieved, amid lower shipments and tonnage, company records for revenue, operating ratio and earnings per diluted share.
Amazon Eyes Large Warehouse Spot at Brooklyn’s Industry City
Amazon.com Inc. is in talks to rent space at Brooklyn’s Industry City for a new logistics facility, according to a person with knowledge of the matter.
Echo Global Reports Lower Revenue, Net Income in 2Q
Echo Global Logistics reported decreased revenue and net income as the softer freight market and weaker spot prices took a toll on earnings.
Senate Confirms Former Delta Executive Stephen Dickson as FAA Administrator
A former Air Force pilot and Delta Air Lines executive was confirmed July 24 by the Senate to lead the Federal Aviation Administration after overcoming opposition from Democrats who claim that he mistreated a whistleblower during his tenure at Delta.
UPS Announces Strong 2Q Earnings
United Parcel Service Inc. reported second-quarter earnings benefiting from rising demand for its Next Day Air and Ground delivery services.