Amazon's Investment in Warehouses, Robots Pays Off in Rising Sales and Bigger Profit
Years of investments in warehouses and robots and data centers and gadgets — that have often tested investor patience — paid off big for Amazon over the holidays.
February 2, 2018Roadrunner Releases Financials Through 2016
One year after withdrawing its financial statements dating to 2011, Roadrunner Transportation Systems Inc. on Jan. 31 took a major step forward by releasing amended results through 2016.
February 1, 2018Port Houston Sets Record for Container Volume in 2017
Port Houston broke its record for traffic in a year due to strength in the transportation of steel, wind energy equipment and automobiles, according to the port authority, which also is confident the numbers will grow with the plastin resin boom in the Gulf Coast.
February 1, 2018Analysis: UPS Makes Shareholders Wait to Celebrate
UPS Inc. is doing right by President Donald Trump’s standards, but that’s hardly what shareholders want to see right now.
February 1, 2018UPS Ends 2017 With Strong Results
UPS Inc. reported robust fourth-quarter earnings, even after adjustments tied to pension contributions and the Tax Cuts and Jobs Act, led by double-digit growth in the freight and third-party logistics businesses and a strong holiday season.
February 1, 2018Americold Stock Sale Gives a Lift to Warehousing Sector
While proceeds from Americold Logistics’ recent initial public offering are going mostly to pay off debt, executives say the move also will help kickstart growth for the Altanta-based warehouse operator by boosting its ability to pursue acquisitions and fund new e-commerce distribution, transportation and logistics services.
January 31, 2018West Virginia Transportation Secretary: Benefits of $2.8 Billion Road Plan Already Happening
West Virginia Transportation Secretary Tom Smith told state legislators Jan. 29 that West Virginia drivers are already beginning to notice road improvements as part of Gov. Jim Justice’s four-year, $2.8 billion “Roads to Prosperity” program.
January 31, 2018ATA Chairman Dave Manning: Decongested Roads Important as Economy Improves
The potential economic benefits of a long-term infrastructure funding proposal, and the impact a new tax law is having on certain businesses, reinforces a need for better freight connectivity nationwide, ATA Chairman Dave Manning said Jan 31.
January 31, 2018ArcBest Ends 2017 With Strong Fourth Quarter
ArcBest Corp. ended the year with a strong fourth quarter because of better less-than-truckload pricing and lower expenses than one year ago.
January 31, 2018FedEx Freight Enlists Industry Effort to Train Drivers to Combat Human Trafficking
FedEx Freight is joining forces with Truckers Against Trafficking to train drivers to help fight human trafficking.
January 30, 2018