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Logistics News
Government, Business, Logistics

New Jersey Beverage Distributor Seeks 14-Hour Workday for Its Drivers

Allied Beverage Group, a large New Jersey beverage distributor, has requested that the company’s shorthaul drivers utilizing the record of duty status exception be allowed to return to their work-reporting location within 14 hours instead of the usual 12 hours, the Federal Motor Carrier Safety Administration announced Aug. 3.

Eric Miller | Senior Reporter
August 3, 2018
Business, Logistics, TCA, Top 100

U.S. Xpress Revenue Grows 21.4% in Past Year

A three-year turnaround in the operations and culture at U.S. Xpress Enterprises helped the Chattanooga, Tenn., trucking firm raise more than $250 million in an initial stock offering in June and deliver its best operating ratio in two decades this spring.

Dave Flessner | Chattanooga (Tenn.) Times Free Press
August 3, 2018
Business, Logistics, Top 100

YRC Worldwide Reports Mixed 2Q Earnings Compared With 2017

YRC Worldwide Inc. reported a decline in second-quarter net income, even as operating revenue increased.

Dan Ronan | Senior Reporter
August 2, 2018
Business, Logistics

XPO Logistics Posts Record Results in Second Quarter

XPO Logistics posted its best-ever second quarter as a strong economy generated demand for freight hauling and logistics services, and the company was able to capitalize on a shift toward greater outsourcing of transportation by shippers.

Daniel P. Bearth | Staff Writer
August 1, 2018
Business, Logistics, Top 100

Saia Follows Industry Trend With Record Earnings in 2Q

In the midst of a buoyant economy, less-than-truckload carrier Saia Inc. on Aug. 1 reported record second-quarter earnings. Saia said operating revenue was up nearly 18%, reaching nearly $428.7 million, or $1.18 a share, compared with $364.4 million, or 69 cents a share, for the same period in 2017.

Dan Ronan | Senior Reporter
August 1, 2018
Business, Logistics, TCA

Vancouver Port Celebrates Completion of Freight Rail Project

Port of Vancouver administrators, along with political and industry leaders, stood atop a small stage in a largely vacant marine terminal the morning of July 31 to celebrate the completion of the $251 million West Vancouver Freight Access project.

Dameon Pesanti | The Columbian (Vancouver, Wash.)
August 1, 2018
Government, Business, Logistics

Why the Trucking Shortage Is Costing You

A shortage of truck drivers that has been simmering in the United States for years has reached a full boil, causing anxiety from small factories to the Federal Reserve.

August 1, 2018
Logistics, TCA

Truckers Say Port Everglades Terminal Boycott Still Possible

As the Aug. 1 deadline for a potential boycott looms, disagreements persist between members of the South Florida trucking community and Port Everglades Terminal LLC.

Ellie Rushing | The Sun Sentinel (Fort Lauderdale, Fla.)
July 31, 2018
Business, Logistics

Landstar Analyst Invokes ‘Spaceballs’ in Bullish Freight Thesis

Landstar System’s stock is traveling at “ludicrous” speed after a series of bullish analyst calls, including one with references from the movie “Spaceballs.”

Shelly Hagan | Bloomberg News
July 31, 2018
Business, Logistics

Echo Global Logistics Income, Revenue Jump

Echo Global Logistics reported record second-quarter net income of $7.7 million from a loss of $200,000 in the second quarter of 2017. The Chicago-based third-party logistics company reported earnings per share of 28 cents, up from a loss of minus 1 cent a share a year ago.

July 27, 2018
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