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Logistics News
Business, Equipment, Logistics

Knight-Swift Sees Steady Revenue Rise as Merger Efforts Continue

Knight-Swift Transportation Holdings reported greater second-quarter revenue and improved income across most of its divisions as it continued the coordination of the two firms after their merger last September.

Burney Simpson | Staff Reporter
July 25, 2018
Business, Technology, Equipment, Safety, Logistics, Autonomous

Chinese Startups Floor the Pedal in Driverless Car Race

A group of Chinese startups is accelerating efforts to get autonomous vehicles onto roads in the world’s biggest auto market, a country its American peers from Alphabet Inc.’s Waymo to General Motors Co.’s Cruise may find tough to crack.

July 25, 2018
Logistics, TCA

FedEx Reaches Airfreight Deal With San Bernardino Airport

FedEx Express will begin operating daily cargo flights out of San Bernardino International Airport in October, under terms of a new 10-year agreement.

Brian Whitehead | San Bernardino County (Calif.) Sun
July 25, 2018
Business, Logistics

Norfolk Southern Reports Record 2Q Earnings

Norfolk Southern Corp. on July 25 reported record second-quarter earnings.

Dan Ronan | Senior Reporter
July 25, 2018
Government, Logistics, TCA

Traffic Jams Can’t Be Prevented, Says Washington State Transportation Chief

Highways won’t cure Washington state’s traffic woes and preventing congestion is impossible, said Roger Millar, head of the Washington state Department of Transportation.

Nicholas Deshais | The Spokesman-Review (Spokane, Wash.)
July 25, 2018
Business, Logistics, Top 100

UPS Reports Steady 2Q Income, Revenue

UPS Inc. reported solid second-quarter growth in revenue and profits despite charges taken for its voluntary retirement plan and efforts to upgrade the firm.

Burney Simpson | Staff Reporter
July 25, 2018
Business, Logistics

CIT Group Plans to Expand Capital Equipment Finance Team

In an effort to expand its leasing and financing solutions to all stages of the supply chain, CIT Group Inc. said July 19 it is creating a Logistics Finance unit within its existing Capital Finance Business division.

July 24, 2018
Business, Logistics

CN Rail Taps Interim Boss as CEO After Network Logjams Ease

Canadian National Railway Co. named Jean-Jacques Ruest as president and chief executive officer, four months after he took over as interim leader.

Frederic Tomesco | Bloomberg News
July 24, 2018
Government, Business, Logistics

Mexico Is Said to Push for NAFTA Agreement by End of August

Mexico is redoubling its efforts to reach a NAFTA agreement with the U.S. and Canada by the end of August to increase certainty for investors and take the heat off incoming President Andres Manuel Lopez Obrador, according to three people familiar with the negotiations.

Eric Martin | Bloomberg News
July 23, 2018
Business, Logistics

Rare Hedge Fund Bet Targets the World’s Biggest Shipping Firm

A.P. Moller-Maersk A/S is in an unusual place this year as the world’s biggest shipping company finds itself the target of an attack by hedge funds.

July 23, 2018
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