Expeditors International of Washington Inc. raised fourth-quarter net income 19% to $99.4 million, or 51 cents per share, as ocean and air freight shipments, and profit margins improved.
February 24, 2015Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Refrigerated Firms
No rankings are available for this year.
Extras
On the Bubble
Expeditors Raises Earnings 19% as Shipments, Margins Grow
Safety Groups Petition NHTSA for Collision Avoidance Systems
Several nonprofit safety groups have asked the National Highway Traffic Safety Administration to mandate collision avoidance and mitigation braking systems for new heavy trucks and buses.
Canadian National Workers Set Strike Vote
Unifor, a labor union that represents about 4,800 workers at Canadian National Railway, said it will begin strike votes next week after five months of talks failed to produce an agreement.
February 20, 2015Universal Truckload Earnings Drop 7% in 4Q
Universal Truckload Services Inc. said fourth-quarter net income fell 7% to $10.5 million, or 35 cents per share, as profits fell at its logistics business.
February 20, 2015Intermodal Rail Traffic Declines for Second Consecutive Week
U.S. rail intermodal traffic fell for the second straight week, declining 0.1% in the week ended Feb. 14 compared with the same week last year, the Association of American Railroads reported.
February 19, 2015XPO Narrows Loss, Boosts Revenue, Sets Targets
XPO Logistics Inc. narrowed its fourth-quarter loss to $9.9 million, excluding a charge related to an equity offering, while continuing its path of rapid revenue growth.
February 18, 2015Neptune Orient Lines to Sell APL Logistics for $1.2 Billion
Singapore-based Neptune Orient Lines has agreed to sell its APL Logistics business unit to Japanese shipping firm Kintetsu World Express for $1.2 billion.
Canadian Pacific Stoppage Ended by Binding Arbitration
A two-day strike at Canadian Pacific Railway Ltd. by the Teamsters Canada Rail Conference ended when both sides agreed to binding arbitration to end a dispute covering approximately 3,000 train crew workers.
NTSB Urges Greater Attention to Truck Maintenance Issues
WASHINGTON — Trucking companies with poor safety records should redouble their maintenance efforts and pay particular attention to brake systems, the acting chairman of the National Transportation Safety Board said.
February 16, 2015Consumer Confidence Falls as Gas Prices Start to Rise
Consumer confidence fell in February as gas prices started to rise from a six-year low and damped Americans’ optimism about the economy.