Two weeks after Universal Logistics Holdings offered a bright outlook for its third-quarter earnings report, the company reversed course Oct. 19, telling investors that a jury verdict will knock it back once again.
October 20, 2017Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Universal Logistics Strong 3Q Forecast Dashed
Freight Firms Report Progress in Puerto Rico
The distribution of essential supplies and recovery kits is occurring in higher volumes, helping to improve conditions in Puerto Rico, according to two freight firms with operations in the U.S. territory.
How Trump Getting His Way on NAFTA Would Reshape the Auto Sector
Mexico, Canada and the U.S. are at loggerheads after the latest round of NAFTA negotiations, with America’s neighbors rejecting hard-line proposals by the Trump administration that risk throwing automotive trade on the continent into disarray.
NAFTA Deadlock Dashes Hopes for a Quick Deal
NAFTA talks are switching gears and slowing down as key obstacles emerge, with Canada and Mexico rejecting what they see as hard-line U.S. proposals and negotiators exchanging their strongest public barbs yet.
SoCal Port Turn Times Improve Six Minutes in September
Truck drivers took six fewer minutes to enter and exit the two large Southern California ports last month compared with September 2016, although one year ago, Hanjin Shipping rattled the supply chain when it abruptly shut its doors Aug. 31.
Mexico and Canada Reject US NAFTA Demands
The ministers leading NAFTA negotiations ended the latest round of high-level talks saying they’re extending discussions into the first quarter of 2018 to resolve differences after Canada and Mexico rejected what they see as hardline U.S. proposals.
Anheuser-Busch Taps Seattle Trucking Startup Convoy to Transport Beer
Anheuser-Busch has signed a multi-year partnership with Seattle-based trucking startup Convoy to transport beer.
Commercial Processing at Tornillo US-Mexico Port of Entry Suspended for ‘Lack of Demand’
In the years leading up to the construction of an about $133 million port of entry in Tornillo, Texas, county leaders talked about the need for a bridge that would alleviate commercial traffic at other border crossings in El Paso.
Dragon Capital Invests in New Shipping Platform
Dragon Capital Investments Ltd. has agreed to buy a minority stake in ShipNEXT, a web-based shipping platform developed by Varamar Group in Odessa, Ukraine.
October 16, 2017NAFTA Talks Left Reeling After Aggressive US Proposals Land
After laying out the Trump administration’s most aggressive NAFTA demands to date, chief U.S. negotiator John Melle was asked on Oct. 15 how things are progressing. “Fabulous,” he said, smiling and shrugging before entering a negotiating room once more.