LTL Carrier Old Dominion 3Q Financials Beat Analysts’ Expectations
Citing the strong U.S. economy and available capacity, Old Dominion Freight Line Inc. produced record results for revenue and profitability during the third quarter, CEO Greg Gantt said Oct. 25.
October 25, 2018Truck Tonnage Dips, but Freight Outlook Remains Strong
A year-long surge in freight volume continues despite a modest dip in a widely followed truck tonnage index over the past two months.
October 25, 2018UPS, Seattle to Launch eBike Downtown Delivery Program
UPS Inc. and Seattle Mayor Jenny Durkan announced Oct. 25 the parcel delivery company will begin a pilot project aimed at reducing congestion downtown and addressing air quality concerns. Delivery drivers will use electric pedal-assist cargo bicycles with a customized modular trailer attached to the back of the bike.
October 25, 2018Cargo Visibility Can Improve Your Operations
For decades, the focus of the transportation logistics industry has been the tractor. Recent innovations have enabled telematic solutions to collect data on trailers and containers in near real-time to improve operations. With this information it is possible to focus not just on the tractor or truck, but the potentially million dollars-worth of cargo that is being transported.
October 25, 2018Knight-Swift Says 3Q Results Reflect ‘Progress’ in All Segments
Knight-Swift Transportation Holdings beat analysts’ profit projections in the third quarter as cost-cutting measures implemented after the acquisition of Swift Transportation in September 2017 compensated for slower-than-expected growth in revenue.
October 24, 2018UPS Reports Strong Revenue Growth, Higher Profits in 3Q
UPS Inc. reported strong revenue growth and higher profits in the third quarter, despite international headwinds from currency valuations, rising fuel costs and ongoing investment in transformation initiatives.
October 24, 2018Kansas City Southern Sets Revenue Record in Third Quarter
Kansas City Southern on Oct. 19 reported record revenue for the third quarter, buoyed by a 17% increase in chemical and petroleum products and an 8% jump in automotive and intermodal shipments.
October 24, 2018Imperial Logistics to Operate Volkswagen Group Packaging Center in Germany
Imperial Logistics will begin operating a new Volkswagen Group packaging center in Germany in April as part of the group’s decision to distribute parts through JadeWeserPort.
October 23, 2018Target Expands Free Delivery to Seize Market Share Opportunity
Target Corp. is expanding perks like free two-day delivery to snag as much as possible of the $100 billion in sales the company sees up for grabs from retailers that have gone under.
October 23, 2018E2open Buys Leading Ocean Freight Software Firm Inttra
E2open, an Austin-based software company that provides cloud-based services for the supply chain industry, said Oct. 22 that it had acquired New Jersey-based Inttra, a software company that provides various tools to shippers and carriers in the ocean freight industry.
October 23, 2018