Hub Group turned in better-than-expected results in the third quarter, with revenue topping $1 billion for the first time and beating analysts’ profit projections, although net income was down compared with the same period a year ago.
October 26, 2017Logistics 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.
Hub Group Beats Estimates, Generates $1 Billion in Quarterly Revenue
Old Dominion Scores Win in 3Q Earnings, Surges Past Wall Street Forecasts
Old Dominion Freight Line Inc. reported a 20% climb in profits to $102.3 million, or $1.24 per share, in third-quarter profits. The results were 8 cents better than the Bloomberg News consensus forecast of analysts.
October 26, 2017China’s Uber-for-Trucks Apps Trade Barbs as Battle Turns Toxic
Harassing phone calls, spam text messages and police investigations — the fight between China’s Uber-for-trucks apps is getting nasty.
October 26, 2017UPS Revenues Rise, but Profits Flat in Third Quarter
UPS Inc. profits essentially were flat year-over-year in the third quarter, ticking down about 0.5% or $6 million as the parcel giant also announced a 4.9% rate increase effective Dec. 24 to match other less-than-truckload carriers.
October 26, 2017US Goods-Trade Gap Widens to Four-Month High
The U.S. merchandise-trade deficit widened to a four-month high as imports rose for the first time since April, according to preliminary figures released Oct. 26 by the Commerce Department. The report also showed inventories increased at wholesalers and fell at retailers.
October 26, 2017Forward Air Posts Solid Year-Over-Year Gain in Profits
Forward Air Corp. had a steady third quarter with its results slightly topping analysts’ forecasts, indicating the for-hire carrier is moving at a measured pace for the year.
October 25, 2017Maryland Governor Promises Traffic Signals With Artificial Intelligence to Ease Highway Congestion
Drivers in 14 state highway corridors in Maryland will see their travel times cut over the next year as a result of a $50 million upgrade to traffic signals, Gov. Larry Hogan said Oct. 25.
October 25, 2017Amazon’s Dream of Drone Deliveries Gets Closer With Trump’s Executive Order
Drone deliveries got a step closer to reality as the White House issued an order giving local governments more authority to conduct tests of the burgeoning new technology.
October 25, 2017Illinois Considering Closing Some Highway Rest Areas
The state of Illinois is considering how to rehab, or possibly close, some state rest areas, and has even launched a public survey about travelers’ likes and dislikes of the interstate highway stops — drawing thousands of responses so far.
October 25, 2017Jacksonville Approves $1.5 Million for Bridge Ramp Demolition to Improve Truck Access to Port
It was first about public safety. Then, modernizing city roads. Now Jacksonville, Fla., Mayor Lenny Curry says he wants to demolish the elevated ramp connecting the Hart Bridge to downtown so cargo trucks can better access the port.
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