The leadership of Kansas City Southern Railroad said on Oct. 16 the Class I railroad saw a 5.3% increase in third-quarter net income to $189.7 million, or $2.01 a diluted share, compared with $180.1 million, or $1.81, in the same period a year ago.
October 16, 2020Logistics News
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.
KC Southern Reports Mixed Earnings Amid COVID-19, Gulf Hurricanes
DOT Awards $220 Million for Port Infrastructure
The U.S. Department of Transportation awarded $220 million in grants to improve port infrastructure, including facilities used by freight vehicles.
October 16, 2020J.B. Hunt Reports Year-Over-Year Rise in Q3 Earnings, Revenue
J.B. Hunt Transport Services posted increased earnings and revenue in the third quarter year-over-year, the carrier announced Oct. 16.
October 16, 2020Marten Reports 8.8% Climb in Earnings; Revenue Ticks Up
Marten Transport saw net income increase 8.8% during the third quarter of 2020, the carrier reported Oct. 15.
October 16, 2020DHL Supply Chain Helps to Bolster Operations at Manheim Logistics
DHL Supply Chain detailed Oct. 13 how it plans to use its technology and resources to help bolster operations at Manheim Logistics.
October 14, 2020Vaccine Cargo Cavalry Sizes Up Readiness of Historic Airlift
The medical industry’s dash to produce the world’s first coronavirus vaccines in just a few months is heightening the urgency for the workhorses of global trade to be ready for the historic charge to defeat the disease.
October 14, 2020Amazon’s Prime Day Steals Rivals’ Black Friday Spotlight
Amazon.com Inc.’s two-day Prime Day sale kicked off on Oct. 13 and is expected to give the world’s largest e-commerce company an early advantage over brick-and-mortar rivals still contending with pandemic-spooked consumers wary of battling Black Friday crowds.
October 13, 2020Trucking Industry Economy Outpaces US Economy as Capacity Tightens
Trucking is providing one of the few bright spots to the flagging U.S. economy as tight capacity and a driver shortage push contract and spot rates higher across vans, flatbeds and refrigerated trucks.
October 13, 2020Maersk Raises Outlook as Shipping Giant Sees Demand Rebound
A.P. Moller-Maersk A/S raised its full-year guidance amid a surprise recovery in demand and sweeping efforts to cut costs.
October 13, 2020E-Commerce Spike Likely to Outlast COVID-19 Pandemic, Experts Say
COVID-19 has accelerated the growth of e-commerce, a trajectory that could have significant implications for the trucking sector even after the pandemic passes.
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