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.
 

Business, Logistics, Top 100

Landstar Profit Jumps on Record Revenue

Landstar System reported record second-quarter net income of $62.5 million, or $1.51 a share, a rise of 67% from $37.5 million, and 89 cents per share, in the same period a year ago.

July 26, 2018
Business, Logistics, Top 100

UPS Surges as Jump in Foreign Sales Defies Rising Trade Tensions

UPS Inc. rose the most in almost seven years as international sales surged and the courier’s ambitious investment plans started to win over investors.

July 26, 2018
Business, Logistics, Top 100

Covenant Profits Jump on 20% Revenue Rise

Covenant Transportation Group reported a positive second quarter, recording greater revenues and income as it moved forward on its purchase of Landair Holdings.

July 26, 2018
Business, Equipment, Logistics

Knight-Swift Sees Steady Revenue Rise as Merger Efforts Continue

Knight-Swift Transportation Holdings reported greater second-quarter revenue and improved income across most of its divisions as it continued the coordination of the two firms after their merger last September.

July 25, 2018
Business, Technology, Equipment, Safety, Logistics, Autonomous

Chinese Startups Floor the Pedal in Driverless Car Race

A group of Chinese startups is accelerating efforts to get autonomous vehicles onto roads in the world’s biggest auto market, a country its American peers from Alphabet Inc.’s Waymo to General Motors Co.’s Cruise may find tough to crack.

July 25, 2018
Logistics, TCA

FedEx Reaches Airfreight Deal With San Bernardino Airport

FedEx Express will begin operating daily cargo flights out of San Bernardino International Airport in October, under terms of a new 10-year agreement.

July 25, 2018
Business, Logistics

Norfolk Southern Reports Record 2Q Earnings

Norfolk Southern Corp. on July 25 reported record second-quarter earnings.

July 25, 2018
Government, Logistics, TCA

Traffic Jams Can’t Be Prevented, Says Washington State Transportation Chief

Highways won’t cure Washington state’s traffic woes and preventing congestion is impossible, said Roger Millar, head of the Washington state Department of Transportation.

July 25, 2018
Business, Logistics, Top 100

UPS Reports Steady 2Q Income, Revenue

UPS Inc. reported solid second-quarter growth in revenue and profits despite charges taken for its voluntary retirement plan and efforts to upgrade the firm.

July 25, 2018
Business, Logistics

CIT Group Plans to Expand Capital Equipment Finance Team

In an effort to expand its leasing and financing solutions to all stages of the supply chain, CIT Group Inc. said July 19 it is creating a Logistics Finance unit within its existing Capital Finance Business division.

July 24, 2018