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Logistics News
Business, Logistics

Consumer Comfort Drops to Five-Month Low on Economic Views

Consumer confidence fell last week to a five-month low as Americans became more downbeat about the economy, Bloomberg Consumer Comfort data showed May 12.

Michelle Jamrisko | Bloomberg News
May 12, 2016
Business, Logistics

XPO Rebuffs Teamsters Effort to Press US, Global Union Issues

The Teamsters and European labor representatives attempted to force a meeting with XPO Logistics CEO Bradley Jacobs to discuss union issues but were rebuffed by the company at its annual meeting.

May 11, 2016
Business, Logistics

Registration Opens for National Student Technician Competition

Registration is now open for the 2016 TMC FutureTech National Student Technician Competition.

May 11, 2016
Business, Logistics

Maersk Earnings Fall, Hurt by Weaker Ocean Freight Rates

Danish firm Maersk Group, owner of the largest ocean carrier, earlier this month reported first-quarter earnings plummeted nearly 90% to $224 million, weighed down by an even greater profit decline at Maersk Line due to downward pressure on container freight rates.

May 9, 2016
Business, Logistics

Deutsche Post Stands by Growth Targets as Amazon Threat Looms

Deutsche Post AG stood by profit targets through the end of the decade, dismissing the threat posed by customer Amazon.com's expansion into parcel deliveries.

Richard Weiss | Bloomberg News
May 9, 2016
Business, Logistics

XPO, Estes Agree to Pay $13 Million to Settle DOD Overcharge Claims

XPO Logistics Inc. and Estes Express Lines have agreed to pay a total of $13 million to settle overcharge claims in connection with the Defense Transportation Coordination Initiative program, a federal contract that was meant to lower military logistics costs.

Rip Watson | Special to Transport Topics
May 9, 2016
Business, Logistics

Shippers Feeling Railroaded With Prices Up Even as Freight Falls

All major North American railroads pushed through rate increases earlier this year even as freight fell the most since 2009.

Thomas Black | Bloomberg News
May 5, 2016
Business, Logistics

XPO, Estes Agree to Settle Defense Contract Overcharge Suit

XPO Logistics and Estes Express have agreed to pay a total of $13 million to settle overcharge claims in connection with the Defense Transportation Coordination initiative, a federal contract that was meant to lower logistics costs.

May 4, 2016
Business, Logistics

XPO First-Quarter Loss Narrows Slightly; Expeditors Profit Declines

XPO Logistics slightly reduced its first-quarter loss, excluding one-time costs, to $9.8 million, or 8 cents per share, while earnings slipped 9% to $96.6 million, or 53 cents, as airfreight and ocean forwarding results weakened.

Rip Watson | Special to Transport Topics
May 3, 2016
Business, Logistics

Expeditors Net Income Falls 9% on Lagging Freight Volume, Profitability

Expeditors International of Washington Inc. reported net income fell 9% to $96.6 million, or 53 cents per share, as air and ocean freight forwarding shipments and profitability declined.

May 3, 2016
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