Global freight transportation and logistics provider XPO Logistics reported mixed financial results for the third quarter on Oct. 28.
October 28, 2019Logistics 50 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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XPO Reports Mixed 3Q Earnings
With Capacity to Spare, Railroads Have an Eye on Truck Cargo
Rail officials acknowledged on their third-quarter financial calls they have extra capacity to move goods because they are not carrying as much freight as they did in 2017 and 2018, when the economy was roaring.
UPS to Upgrade Health Care-Dedicated Warehouse Network
UPS Inc. will add major upgrades to its health care-dedicated warehouse and distribution network, according to an Oct. 28 news release.
Crane Simulator Trains Baltimore Longshoremen Without Disrupting Dock Operations
The Steamship Trade Association of Baltimore bought a $500,000 simulator this year to train crane operators at the Port of Baltimore without affecting the day-to-day loading and unloading of cargo.
Driver Detention Time Creeps Upward
After improving in 2018, it appears as though driver detention time has increased recently, with many shippers falling back into habits that delay trucks at their docks and push up dwell times.
United Road Acquires Truck Hauler Team Drive-Away
Auto hauler United Road acquired Team Drive-Away, a company that specializes in moving new and used Class 8 trucks, United Road said.
FedEx E-Commerce Revamp Jolts Delivery Army by Piling on Costs
FedEx Corp.’s drive to reap the rewards of e-commerce is stirring anxiety among some of the company’s most important partners: the thousands of small businesses that handle its ground deliveries.
Universal Logistics Reports Net Loss of $8.4 Million
Universal Logistics Holdings Inc. reported a third-quarter net loss of $8.4 million, compared with $15.1 million net income in the third quarter of 2018.
Werner Reports $39 Million in Net Income, Second-Best Q3
Werner Enterprises Inc. reported smaller profits in the third quarter of 2019 but said the period was still the second-best Q3 in company history.
Shipwell Raises $35M to Fuel Growth
Shipwell, an Austin, Texas-based startup focused on managing trucking and shipping logistics for businesses, has raised $35 million to continue its growth, the company said Oct. 24.