Landstar System Holdings Inc. on July 22 reported second-quarter net income and revenue were down compared with last year’s levels.
July 23, 2020Business, Logistics, Top 50, Top 100
Landstar Reports Lower Net Income in Q2
Business, Logistics, Top 50
Echo Global Reports $514 Million in Q2 Revenue
Echo Global Logistics saw a large drop in profit but a smaller decline in revenue during the second quarter.
July 23, 2020Government, Business, Fuel, Logistics, Top 100
Baker Hughes Bracing for Second Wave of COVID-19 Lockdowns
Baker Hughes Co. is bracing for a second wave of pandemic-induced lockdowns after the virus crippled economic activity around the world and compounded a historic oil bust.
July 22, 2020Business, Logistics
Canadian National Q2 Earnings Squeezed by Pandemic
Canadian National Railway is the latest Class I railroad to feel the impact of the COVID-19 pandemic.
July 22, 2020Government, Business, Logistics
DOD Re-Awards $7.2 Billion Household Goods Moving Contract
The Department of Defense has re-awarded a $7.2 billion household goods moving contract just two weeks after it had pledged to take corrective action on the contested award by two competitors.
July 22, 2020Government, Business, Logistics
US Sales of Existing °®¶¹´«Ã½s Jump 20% After 3-Month Slump
Americans stepped up their home purchases in June by a robust 20.7% after the pandemic had caused sales to crater in the prior three months. But the housing market could struggle to rebound further in the face of the resurgent viral outbreak and a shrinking supply of homes for sale.
July 22, 2020Business, Technology, Logistics
Banyan Debuts LTL Freight Pricing App
Freight pricing data provider Banyan Technology has launched a real-time data connectivity platform called Insights that is designed to help less-than-truckload carriers balance and maximize capacity on their networks, and also provide measurable savings for shippers, the company said.
July 21, 2020Business, Logistics, Breaking News
June Tonnage Dips 1.3% Year-Over-Year
Truck tonnage in June declined 1.3% when compared with year-ago levels, but on a monthly basis surged 8.7% above May.
July 21, 2020Government, Business, Technology, Fuel, Logistics
Ford, VW Electric Models May Be Delayed by Trade-Secret Fight
Ford Motor Co. and Volkswagen AG warned a swirling legal dispute between two South Korean battery suppliers could threaten their plans to start producing electric vehicles in the U.S.
July 21, 2020Government, Business, Logistics
COVID-19 Continues to Damage Business at Nation’s Ports on Both Coasts
The COVID-19 pandemic and Trump administration trade policies with China will result in at least a 15% drop in cargo this year at the Port of Los Angeles, the nation’s busiest seaport.
July 17, 2020