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.
Maersk Drops as Company Misses Estimates After an ‘Unusual’ Year
A.P. Moller-Maersk A/S fell short of earnings expectations last year but promised its shareholders that profit at the world’s biggest shipping company will grow as much as 43% in 2018.
February 9, 2018Analysis: The US Is Running Out of Truckers
Without enough trucks and drivers on the road, some combination of things is going to happen: Shipments will be delayed, and producers will have to pay higher prices to get goods to market.
Trudeau Threatens to Leave NAFTA Rather Than ‘Take Any Old Deal’
Canadian Prime Minister Justin Trudeau made some of his most aggressive comments to date on dealing with U.S. demands to rework the North American Free Trade Agreement, adding he still thinks he can get the right deal for his country.
Fulfillment Centers Moving Closer to Consumers
The growth in e-commerce is driving up demand for smaller industrial spaces nearer to cities so fulfillment firms can quickly get their products to customers, but it remains to be seen if fulfillment centers will start operating in suburban neighborhoods.
Echo Global Logistics Revenues Surge 34.6%
Echo Global Logistics revenues surged 34.6% and profits beat analysts’ expectations by a large margin in the three months ended Dec. 31.
February 7, 2018Old Dominion Freight Line Helps MLB Teams Move
Continuing its partnership with the league and MLB teams across the country, Old Dominion Freight Line, along with fans and players, celebrated the beginning of a new season during the traditional spring training send-off known as Moving Day, according to a release.
UPS Gets $2.4 Million in Incentives for $41 Million Expansion Project in Texas
UPS Inc. wants to build a $41 million expansion to its El Paso, Texas, facility, and it plans to do so with more than $2 million in incentives from the city and the county.
Virginia Could Allow Trucks Up to 11,000 Pounds Heavier Than It Does Now
Trucks traveling Virginia’s roads could get about 10,000 pounds heavier if legislation gets the OK from the General Assembly.
Survey: US Manufacturers Say Autonomous Trucks Could Cut Costs
Manufacturers could save nearly 30% of their total transportation costs through 2040 if autonomous, longhaul trucking is aggressively adopted, according to an analysis of a new survey of U.S. manufacturers by PwC and the Manufacturing Institute.
February 6, 2018Amtrak Crash Adds to CSX’s Rising Accident Toll
A fatal crash of Amtrak and CSX Inc. trains Feb. 4 raises concerns about whether the freight railroad’s massive operations overhaul might have compromised safety and contributed to a rise in accidents.