Norfolk Southern Corp. carried 7% less freight in the third quarter, but the Class I railroad still beat Wall Street expectations when it reported third-quarter earnings Oct. 28.
October 28, 2020Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Extras
Norfolk Southern Q3 Net Income Down; Revenue From Coal Shipments Plummets
USPS Ordered to Increase Late Trips for Election Mail
A federal judge ordered Postmaster General Louis DeJoy to immediately begin authorizing more late delivery trips after an earlier injunction against the U.S. Postal Service’s disruptive operational changes failed to improve performance before the Nov. 3 election.
US Goods-Trade Gap Unexpectedly Narrows on Drop in Imports
The U.S. merchandise-trade deficit unexpectedly narrowed in September from the prior month’s record as imports declined for the first time in four months.
TFI International Posts Profit Rebound in Q3
Profit at TFI International Inc. rebounded in the third quarter from pandemic lows as the carrier experienced operating income improvements.
In Mail-In Vote Dispute, USPS Argues It Makes No Delivery Guarantees
Delivery delays during an election can’t be unlawful, because the Constitution doesn’t guarantee states any particular level of service when it comes to mail-in ballots, the U.S. Postal Service told a federal judge.
Amazon, FedEx, UPS Boost US Warehouse Jobs Amid Online Boom
Warehouse operators across the U.S. are rushing to hire workers amid a boom in online sales, a bright spot for a labor market that faces mounting challenges.
PortPro Introduces New Drayage TMS
PortPro Technologies introduced a new transportation management system intended to address the needs of drayage carriers.
October 27, 2020EV Mania Turns Battery Makers Into Power Brokers
Automakers are investing billions of dollars to bring new electric vehicles to consumers in the U.S. and other global markets, but their success hinges on securing the most critical and expensive component: the battery.
USPS Ordered to Restore High-Speed Machines for Election Mail
A federal judge ordered the U.S. Postal Service to restore high-speed mail-sorting machines at any facilities that are unable to process first-class election mail quickly enough — a major concern for states as the postal agency continues to struggle with service performance.
Plus Selects Amazon Web Services as Cloud Provider
Plus, a provider of self-driving truck technology, announced it selected Amazon Web Services as its preferred cloud provider to support the commercial deployment of its system.
October 22, 2020