Union Pacific Corp. reported first-quarter earnings that outpaced Wall Street expectations, even as its quarterly revenue dipped.
April 27, 2020Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Union Pacific Reports Strong Q1 Earnings
Meat Supply Threats Grow With First Brazil Shutdown
It’s no longer just the U.S. that’s facing a meat scare. Top exporter Brazil is seeing its first plant shutdown, meaning the coronavirus is now snarling supplies from arguably the world’s most critical producer.
Midwest States Join Forces on COVID-19 Response
In response to the coronavirus pandemic, members of the Mid America Association of State Transportation Officials have collaborated to ease restrictions on freight haulers.
Amazon Sales Curbs in France Stay as Judges Put Safety First
Amazon .com Inc. lost its fight to be able to sell the whole range of its products in France after failing to convince judges it had taken measures to protect workers from the coronavirus.
Echo Global Suffers $2.9 Million Loss in Q1
Echo Global Logistics swung to a loss in the first quarter as it faced pricing pressures and the early financial effects of the coronavirus pandemic.
Instacart Doubled Workforce in a Month
Instacart Inc. more than doubled the number of people who pick and deliver groceries to customers over the past few weeks and said it will add an additional 250,000 in the next two months, a response to unprecedented demand for the service.
Landstar Reports $927.6 Million Revenue for Q1
Landstar System Inc. reported lower first-quarter net income of $40.9 million, or diluted earnings per share of $1.04, compared with $63.3 million, or $1.58, in the same period a year ago.
Auto Plants Approach Reopenings, Putting Pressure on Detroit
Automakers are cautiously coalescing around plans to reopen North American assembly plants early next month following what will be a roughly six-week shutdown for virtually the entire industry.
April 23, 2020ATRI Coronavirus Study Shows Truck Activity Spike, Dip in Six States
Although trucking activity spiked across six states during the coronavirus pandemic’s early days, a recent analysis from the American Transportation Research Institute indicates that such freight activity has declined.
Food Trucks Hit Snags in Securing Permits for Rest Stops
A plan by federal regulators to allow food trucks at rest areas has hit some speed bumps.