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, 2018Logistics 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.
Truckers Say Port Everglades Terminal Boycott Still Possible
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, 2018Echo 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, 2018TFI 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, 2018Texas 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, 2018Chassis 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, 2018Savannah Port Sets Container Record
The year has been another one for the record books at the Savannah ports.
July 26, 2018Forward 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, 2018Knight-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, 2018Motor 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€
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