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.
Canadian Pacific Reports Second-Quarter Revenue Growth of 7%
Canadian Pacific Railway Ltd. announced second-quarter revenues of C$1.75 billion, an increase of 7% from $1.64 billion when compared with the same period of 2017.
July 18, 2018ODW Opens E-Commerce Center in Columbus, Ohio
ODW Logistics is opening a 200,000-square-foot logistics center near Columbus, Ohio, to expand its e-commerce capabilities. The facility on Interstate 71 in Grove City is within a 10-hour drive of about 50% of the U.S. population and one-third of the Canadian population, according to ODW.
July 18, 2018New York County Might Seek Control of Long-Awaited Inland Port
Onondaga County, N.Y., officials will consider seeking control of the long-awaited “inland port’’ at a DeWitt rail yard, under a proposal from Onondaga County Legislature Chairman Ryan McMahon.
Boeing’s Faith in Airfreight Pays Off With $18 Billion in Sales
Boeing Co. stood by the air-cargo market during a withering downturn a decade ago, and that decision is paying off handsomely now.
Connecticut Governor Orders Highway Toll Study
Despite his lame-duck status, Connecticut Gov. Dannel P. Malloy is ordering a $10 million study on placing electronic tolls on the state’s highways and finding ways to fund needed transportation improvements.
Mexico Sees Chance to Finish NAFTA by Year’s End, Official Says
There is a fair chance that North American Free Trade Agreement negotiations can wrap up by the end of the year, Mexico’s Ambassador to the U.S., Geronimo Gutierrez, said July 17.
Amazon Rival Draws Battle Lines With Bronx Warehouse
FreshDirect has figured out an important trick: how to make money delivering groceries.
Lineage Raises $700 Million From Stake Sale to Stonepeak, D1
Lineage Logistics, which calls itself the fastest-growing provider of temperature-controlled services such as transportation and storage, sold a minority stake worth $700 million, according to its CEO and co-founder.
UPS Begins Smart-Access Delivery in New York City
Your packages are here, and you’re not. It’s all right — they’ll just let themselves in.
Spot Truckload Rates Continue to Soar Amid Record Demand
Capacity shortfalls combined with increased demand for truckload shipments are continuing to boost spot rates to record levels, according to DAT Solutions, which also said in what is an atypical trend, spot rates now are exceeding long-term contract rates.