Logistics News
Matson’s Earnings Increase by 33% as Hawaii Cargo Shipments Decline
Matson Inc. sailed over a shallow trough of lower Hawaii cargo shipments to produce a 33% profit gain in the second quarter largely driven by enhanced business in China and Alaska.
August 1, 2017Ryder to Provide Transportation Needs for Mattel at Toy Maker’s New Plant
Ryder System Inc. will provide dedicated transportation, logistics and fleet management for Mattel Inc. at the toy maker’s Jonestown, Pa., distribution center.
August 1, 2017GE to Cut 575 Jobs at Century-Old Locomotive Plant
General Electric Co. plans to end most locomotive manufacturing at a century-old Pennsylvania factory as the company looks to cut costs amid a sharp downturn in the domestic rail market.
July 31, 2017Growing Economy Boosts Fuel Demand to Decade High
A growing U.S. economy sparked a jump in fuel demand from companies and travelers in June, which may help to ease a persistent supply glut.
July 31, 2017Warehouse Forklifts Finally Give Hydrogen Power a Reason to Be
His tiny company, Plug Power Inc., makes hydrogen fuel cells, and for years he struggled to find customers. No longer. In April, Amazon.com Inc. agreed to try out the technology in forklift fleets at 10 of its warehouses.
July 31, 2017Amazon’s Warehouses Remind Market That Dominating E-Commerce Has a Price
Amazon.com Inc. reminded investors that luring shoppers away from stores and dominating the cloud-computing industry isn’t cheap.
July 28, 2017Echo Suffers Losses for Third Straight Quarter
Echo Global Logistics set a new record on July 27 after failing to make a profit for the third consecutive quarter, which hasn’t happened once since the company went public in mid-2009.
July 27, 2017Amazon Enlists Researchers to Build Box-Packing Warehouse Robots
Sixteen teams of robotics researchers are traveling to Japan this week to help Amazon.com Inc. solve its warehouse problem.
July 27, 2017UPS Reaps the Reward of Price Increases
UPS Inc. is finally figuring out how to make money from the surge in online shopping.
July 27, 2017XPO Hires Christopher Synek as President of North American Transportation Division
XPO Logistics has hired Christopher Synek as president of transportation in North America, running the brokerage, expedited trucking, intermodal marketing, drayage and global forwarding businesses.
July 26, 2017