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Logistics News
Business, Logistics

CSX Executive James Foote Promises to Continue Hunter Harrison’s Vision for Railroad

The new management team at CSX Inc. released improved financial results for the fourth quarter of 2017 and promised to carry out former CEO Hunter Harrison’s vision of a new, more efficient and more profitable railroad.

Daniel P. Bearth | Staff Writer
January 18, 2018
Business, Logistics

Amazon Narrows Field for Second Headquarters Location to 20

Amazon.com Inc. narrowed the field of cities for its proposed new headquarters to 20, with New York, Boston, Chicago, Miami and Austin, Texas, among the contenders.

Spencer Soper | Bloomberg News
January 18, 2018
Business, Logistics, TCA

CSX Revenue Down, Earnings Up

CSX’s net earnings grew in the fourth quarter despite a drop in revenue. The Jacksonville,Fla.,-based railroad announced adjusted net earnings of $573 million or 64 cents a share for the fourth quarter, compared to $458 million and 49 cents for the same period of 2016.

Roger Bull | The Florida Times-Union (Jacksonville, Fla.)
January 17, 2018
Business, Safety, Logistics, TCA

Snow Causes FedEx Hiccup

Memphis International Airport saw little impact on passenger flights from a winter storm early Jan. 16, but FedEx’s cargo operation experienced disruptions that could affect deliveries.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
January 17, 2018
Business, Equipment, Logistics

Two Canadian Deals Highlight Continued Consolidation in Trucking

A consolidation trend among Canadian trucking companies continues, with Manitoulin Transport completing its purchase of intermodal carrier Direct Right Cartage, and Groupe Robert announcing plans to combine its heavy-haul business with QSL Group and Express Mondor.

January 17, 2018
Business, Logistics, TCA

FedEx Beefs Up Unit Led by Founder’s Son to Include Specialty Logistics, E-Commerce

FedEx is expanding the business unit led by its founder’s son by consolidating specialty logistics and e-commerce solutions within FedEx Trade Networks.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
January 17, 2018
Business, Logistics

Amazon Begins to Act as Its Own Freight Broker

Over the past two years Amazon.com Inc. has dabbled in the transportation and logistics industry. But recently, the e-commerce behemoth began to directly broker freight to truck drivers, rather than solely rely upon third-party firms such as C.H. Robinson Worldwide, Transport Topics has learned.

Ari Ashe | Staff Reporter
January 17, 2018
Government, Business, Fuel, Logistics, TCA

With Gas Taxes in Peril, More States Study Alternatives

After more than a decade of watching Oregon and a handful of other states test alternatives to traditional gasoline taxes, more states, with the help of federal money, are now joining the quest.

Daniel C. Vock | Governing
January 16, 2018
Business, Logistics

Peoples Services Buys B&M Storage

Peoples Services expanded its warehouse footprint in the Southeast with the purchase of the assets of Winston-Salem, N.C.-based B&M Storage & Distribution.

January 16, 2018
Government, Business, Fuel, Logistics

US Chamber of Commerce to Push for Gas Tax Hike for Road and Bridge Upgrades

The U.S. Chamber of Commerce will call for increasing the federal gas tax by 25 cents a gallon over the next five years to help pay for rebuilding U.S. roads and bridges as part of its push for a federal infrastructure initiative this year.

Mark Niquette | Bloomberg News
January 16, 2018
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