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Business

Old Dominion Reports Solid Fourth Quarter

Old Dominion Freight Line announced fourth-quarter and full-year results, reporting net income of $197.2 million, or $2.40 earnings per share, up from $68.5 million, or 83 cents, in the fourth quarter of 2016.

February 8, 2018
BusinessTechnologyLogistics

BNSF Joins Group Aiming to Use Blockchain in Freight

BNSF Railway, which is owned by Warren Buffett’s Berkshire Hathaway Inc., said Feb. 5 that it has joined the Blockchain in Transport Alliance, a group of more than 200 freight and logistics companies that are exploring how to use the digital-ledger technology in their industry.

February 5, 2018
BusinessLogistics

RoadOne IntermodaLogistics Merges with Robin Hood Container Express

RoadOne IntermodaLogistics reached a deal to bring Southeast drayage provider Robin Hood Container Express into its family of companies.

February 2, 2018
Business

USA Truck Bounces Back in 4Q

USA Truck reported fourth-quarter net income of $14.8 million, or $1.84 per diluted share, on revenue of $83.8 million.

February 2, 2018
Business

Industrial Vacancy Rates Fall to All-Time Low, Rents Rise

The vacancy rate in 2017’s fourth quarter for industrial space in the United States fell to an all-time low of 5%, down from 5.2% in the previous quarter, according to JLL, a research arm of real estate firm Jones Lang LaSalle. But industrial space is even more precious in top logistics markets like Los Angeles and Salt Lake City, where vacancy rates have fallen below 3%.

February 1, 2018
BusinessTechnologyAutonomous

Driverless Udelv Cargo Vehicle Goes Live

An autonomous vehicle designed for last-mile deliveries and e-commerce returns conducted a live test Jan. 30 on public roads in San Mateo, Calif., driving a 2.5 mile loop from a grocery store to two customers.

January 31, 2018
BusinessTechnologyEquipmentLogistics

Sequoia Capital Leads Group Pumping in Cash to Startup Next Trucking

Next Trucking has received $21 million in a round of financing led by Sequoia Capital, the freight marketplace startup announced Jan. 30.

January 30, 2018
Business

Tiger Cool Express Adds Two New Executives

Refrigerated intermodal carrier Tiger Cool Express added two veteran transportation executives to its management team.

January 29, 2018
Business

Georgia Ports Orders Eight Cranes for Savannah Intermodal Railyard Expansion

The Georgia Ports Authority has ordered eight rail-mounted gantry cranes from Konecranes as part of a recently started construction project to expand the Port of Savannah’s on-dock intermodal yard.

January 29, 2018
GovernmentBusinessLogistics

Port of Virginia Gets Preliminary OK on Dredging Project

The U.S. Army Corps of Engineers has preliminarily approved a project to dredge Virginia’s Norfolk Harbor from 50 feet to 55 feet, but a final decision on whether to fund it will come this summer.

January 26, 2018

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