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.
Crane Simulator Trains Baltimore Longshoremen Without Disrupting Dock Operations
The Steamship Trade Association of Baltimore bought a $500,000 simulator this year to train crane operators at the Port of Baltimore without affecting the day-to-day loading and unloading of cargo.
Driver Detention Time Creeps Upward
After improving in 2018, it appears as though driver detention time has increased recently, with many shippers falling back into habits that delay trucks at their docks and push up dwell times.
United Road Acquires Truck Hauler Team Drive-Away
Auto hauler United Road acquired Team Drive-Away, a company that specializes in moving new and used Class 8 trucks, United Road said.
FedEx E-Commerce Revamp Jolts Delivery Army by Piling on Costs
FedEx Corp.’s drive to reap the rewards of e-commerce is stirring anxiety among some of the company’s most important partners: the thousands of small businesses that handle its ground deliveries.
Universal Logistics Reports Net Loss of $8.4 Million
Universal Logistics Holdings Inc. reported a third-quarter net loss of $8.4 million, compared with $15.1 million net income in the third quarter of 2018.
Werner Reports $39 Million in Net Income, Second-Best Q3
Werner Enterprises Inc. reported smaller profits in the third quarter of 2019 but said the period was still the second-best Q3 in company history.
Shipwell Raises $35M to Fuel Growth
Shipwell, an Austin, Texas-based startup focused on managing trucking and shipping logistics for businesses, has raised $35 million to continue its growth, the company said Oct. 24.
XPO Logistics Launches Partnership With MIT
GREENWICH, Conn. — XPO Logistics Inc. announced Oct. 24 that it was teaming up with the Massachusetts Institute of Technology to advance innovation in its industry.
Echo Global’s Net Income Drops 49% in Q3
Echo Global Logistics Inc., a Chicago-based technology-enabled transportation management service, said profits dropped by about half in the quarter ended Sept. 30.
October 24, 2019Norfolk Southern’s Net Income, Revenue Decline
Norfolk Southern Corp. followed the trend of Class 1 railroads reporting record operating ratios, but net income and revenue dropped in the third quarter.