Logistics

Universal Logistics Holdings reported July 30 that net income and revenue were down during the second quarter compared with last year.

Forward Air Corp. saw net income and total revenue decrease during the second quarter from prior-year levels, the company reported July 30.

Oil is set to eke out a monthly gain, yet futures lost steam on July 31 amid threats that the market will soon become oversupplied.

Amazon .com Inc. justified its big investments to keep operating through the COVID-19 pandemic with sales growth and a record profit that far exceeded analysts’ estimates, showing that staying open when so many businesses were forced to close was a rare opportunity.

XPO Logistics swung to a loss as revenue declined sharply in the second quarter because of the COVID-19 pandemic.

Schneider National saw net income increase while revenue fell during the second quarter, the truckload, intermodal and logistics services company reported July 30.

United Airlines Holdings Inc. warned that it’s considering furloughs for as many as one-third of its nearly 12,000 pilots, citing a resurgence in U.S. coronavirus cases that’s weakened sales.

UPS Inc. reported strong results in the second quarter, as a surge in deliveries to homes and businesses has helped lift the company through the COVID-19 pandemic.

Walmart Inc. has eliminated hundreds of corporate positions, according to people familiar with the matter, as retailers around the country slim down at the back-office level.

Ryder System Inc. is positioning itself to fill a major void left by Amazon.com Inc. after the online retail giant announced it will restrict warehouse space for third-party sellers.