Logistics News

About Logistics 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.
 

Logistics, TCA

Truckers Say Port Everglades Terminal Boycott Still Possible

As the Aug. 1 deadline for a potential boycott looms, disagreements persist between members of the South Florida trucking community and Port Everglades Terminal LLC.

July 31, 2018
Business, Logistics

Landstar Analyst Invokes ‘Spaceballs’ in Bullish Freight Thesis

Landstar System’s stock is traveling at “ludicrous†speed after a series of bullish analyst calls, including one with references from the movie “Spaceballs.â€

July 31, 2018
Business, Logistics

Echo Global Logistics Income, Revenue Jump

Echo Global Logistics reported record second-quarter net income of $7.7 million from a loss of $200,000 in the second quarter of 2017. The Chicago-based third-party logistics company reported earnings per share of 28 cents, up from a loss of minus 1 cent a share a year ago.

July 27, 2018
Business, Logistics

TFI International Reports Improved Second-Quarter Earnings

Canadian transportation and logistics company TFI International reported second-quarter net income of C$80.4 million, or 89 cents per share, a significant turnaround from last year when TFI reported a quarterly loss of $75 million, or 82 cents per share.

July 27, 2018
Government, Business, Logistics, TCA

Texas City Cracks Down on Truck Route Violators

An ordinance prohibiting commercial motor vehicles from traveling in the Odessa, Texas, city limits is beginning to show its effect, as five truckers were found guilty of violating the law July 25.

July 27, 2018
Government, Business, Equipment, Logistics, TCA

Chassis Pool OK’d for Georgia, South Carolina Ports

The creation of a common chassis pool by the port authorities for Georgia and South Carolina will go forward.

July 27, 2018
Government, Business, Logistics, TCA

Savannah Port Sets Container Record

The year has been another one for the record books at the Savannah ports.

July 26, 2018
Business, Logistics, Top 100

Forward Air Reports Strong 2Q Earnings

Forward Air Corp., a mostly expedited LTL carrier, reported July 26 second-quarter net income of $24.3 million, or 83 cents per share compared with $19.7 million, or 65 cents, a 23% increase from a year ago. The company’s operating revenue increased to $330.3 million compared with $283.9 million, a 16% jump.

July 26, 2018
Business, Logistics

Knight-Swift Shares Tumble Most in Four Years Amid Driver Shortage

Knight-Swift Transportation Holdings Inc. lost almost a fifth of its market value July 26, marking the biggest drop in four years, after sales fell because of a lack of drivers.

July 26, 2018
Government, Business, Logistics

Motor Carriers Group Challenges California Law That Defines Independent Contractors

In a federal lawsuit filed July 19, the Western States Trucking Association alleges that the California Supreme Court’s new “ABC test†requirement for deciding if a contractor should be an employee “forces virtually all independent contractors to become employees to those they choose to contract or work with.â€

July 26, 2018