Logistics
For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
Daseke Reports Net Income of $15.7M for Q3
Daseke Inc. reported that its third-quarter bottom line result rebounded to a profit from a loss a year ago.
Echo Global Logistics Posts Higher Q3 Profit, Revenue
Echo Global Logistics posted higher third-quarter profits and revenue on the strength of freight volume.
TuSimple to Build Hub in Texas, Expects Fully Driverless Routes in 2021
Global automated trucking company TuSimple is setting up shop at AllianceTexas’ newly launched Mobility Innovation Zone, which it hopes will bolster a national expansion and fully driverless testing.
New TIA President Anne Reinke Details Leadership Approach
New Transportation Intermediaries Association chief Anne Reinke plans to lead by supporting and enhancing what already is working.
Werner Increases Net Income but Sees Lower Revenue in Q3
Werner Enterprises posted mixed results as profits increased on lower revenue during the third quarter, the company announced Oct. 28.
Ryder Reports Profit Increase; Record Set for Used Vehicle Sales in Q3
Ryder System Inc. reported net income rose and revenue dipped in the third quarter, as it noted used vehicles sales set a record.
E-Commerce Boom Offers Lifeline for Oil
Look across the street from your home-office window: chances are you will see a delivery van.
October 28, 2020Norfolk Southern Q3 Net Income Down; Revenue From Coal Shipments Plummets
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.
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.