Dock foremen and women in British Columbia issued a strike notice for Nov. 4, setting up a complete shutdown of Canada’s busiest port, a business group said.
November 1, 2024Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
On the Bubble
Port of Vancouver Braces for Strike Set for Nov. 4
Amazon Exceeds Profit Forecasts, Predicts Q4 Sales Surge
“As we get into the holiday season, we’re excited about what we have in store for customers,” CEO Andy Jassy said in a statement.
Uber Shares Slump on Muted Bookings in US Rides Business
Uber Technologies reported weaker-than-expected ride bookings and issued a middling forecast for the holiday quarter, even as it delivered record operating profit.
Werner Revenue and Profit Decline on Q3 Market Struggles
The Omaha, Neb.-based carrier’s Q3 net income fell 72% to $6.6 million, or 11 cents per share, compared with $23.7 million, 37 cents, a year ago.
October 30, 2024XPO Net Income Climbs 10% on Strong LTL Pricing in Q3
XPO’s North American LTL segment, its core operation, increased revenue by 1.9% to $1.25 billion from $1.23 billion last year despite declines in shipment volumes.
October 30, 2024CISA Issues Global Cyber Plan to Protect US Infrastructure
CISA released an international plan outlining steps to work more with overseas stakeholders to better safeguard online interconnections with the U.S. supply chain.
DSV Secures $5.4 Billion in Bonds for DB Schenker Deal
The Danish transport company sold a six-part bond deal with maturities ranging from two to 10 years, according to a person familiar with the matter.
Refrigerated Rates’ Near-Term Upside Likely Limited: FTR
Rates will improve in 2025, however, as will volumes, FTR Vice President of Trucking Avery Vise said during the research group’s Q4 2024 Food Industry Economic and Transportation Update.
Buttigieg, Lawmakers Tout IIJA on Third Anniversary
Approaching the three-year anniversary of the Infrastructure Investment and Jobs Act, Pete Buttigieg is pointing to the law’s impact on communities and commercial corridors.
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.