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Profit, Revenue Grow at XPO as It Invests in Tech
XPO Logistics Inc. reported on May 2 that its first-quarter results vaulted more than 100%, stemming from the heightened demand from domestic freight and last-mile delivery.
Electrification Finds Its Ground Zero in California
LONG BEACH, Calif. — Expanding options for battery-electric technology and hybrid-electric and natural-gas engines are converging alongside efforts to protect forthcoming clear-air regulations, and longtime industry players must be ready to react to this evolving landscape, panelists said here at the Advanced Clean Transportation Expo, held April 30-May 3.
John Smith Appointed Mike Ducker’s Successor as FedEx Freight President, CEO
Transportation industry veteran John Smith will become president and CEO of FedEx Freight on Aug. 16, moving up from his position as senior vice president of operations at the FedEx Corp. subsidiary.
FedEx Office Imposes Photo ID Policy in Response to Austin Bombings
FedEx Office has started asking customers to show photo identification when mailing packages from one of its 1,900 stores.
Saia Posts Robust Profit, Revenue in 1Q
Saia Inc. reported April 27 first-quarter net income of $21.1 million, or 80 cents per share, an increase of 85% from the $11.4 million in net income and 44 cents per share reported in the first quarter of 2017.
April 27, 2018USA Truck Grabs Profit on Revenue Rise
USA Truck reported first-quarter 2018 net income of $1 million, or 13 cents per share, compared with a net loss of $4.9 million, or minus 61 cents a share, in the first quarter of 2017.
Hub Group Reports Higher Revenue, Profits in 1Q
Hub Group reported higher revenue and profits in the first quarter of 2018 with growth coming from intermodal, logistics and dedicated contract carriage operations.
Universal Logistics Buoyed by Record Revenue, Strong Profits
Universal Logistics Holdings reported first-quarter net income of $10.4 million, or 37 cents per share, a rise of 147% from $4.3 million reported for the first quarter a year ago.
UPS Delivers 1Q Net Income of $1.34 Billion, Up 15% Year-to-Year
UPS Inc. reported double-digit gains in the first quarter as a result of the strength of its global business as well as economic conditions.
TFI International Sees Earnings Increase, Revenue Stay Flat in 1Q
Canadian transportation conglomerate TFI International reported a sharp increase in profits on revenue that was essentially flat in the first quarter of 2018.