UPS Inc.’s top financial executive, Brian Newman, plans to leave the company June 1 in order to focus on his personal health, the shipping giant said May 6.
May 6, 2024Business, Logistics, For-Hire
UPS Finance Chief to Leave Parcel Giant to Focus on Health
Business, Logistics
XPO Posts Q1 Net Income Rise of 294% Despite Tough Market
XPO Inc. experienced a 294.1% increase in earnings year-over-year despite a soft freight environment during the first quarter of 2024, the company reported May 3.
May 3, 2024Government, Business, Safety, Logistics
I-95 in Connecticut Closed for Days as Crash Damages Bridge
NORWALK, Conn. — Workers on May 3 began removing a bridge over a Connecticut highway that was damaged in a fiery crash — a project expected to keep both sides of I-95 closed through the weekend.
May 3, 2024Government, Business, Safety, Logistics
Houthis Threaten to Try to Attack Ships in Mediterranean Sea
The Houthi group based in Yemen threatened to start trying to attack ships in the eastern Mediterranean as it steps up a campaign of anti-Israeli assaults.
May 3, 2024Business, Logistics, For-Hire
Schneider Reports Revenue Decline of 8% to $1.32B for Q1
Schneider experienced a year-over-year decline in revenue to $1.32 billion during the first quarter of 2024, the company reported May 2.
May 2, 2024Business, Logistics, Global Freight
Maersk Sees Improved Prospects for Global Container Trade
A.P. Moller-Maersk A/S, a bellwether for global trade, said a strong start to the year has improved the outlook for container trade demand worldwide.
May 2, 2024Business, Logistics
C.H. Robinson Reports Lower Revenue, Net Income for Q1
C.H. Robinson Worldwide experienced a year-over-year decline in revenue and earnings during the first quarter of 2024, the company reported May 1.
May 2, 2024Government, Business, Safety, Logistics
Body of Fifth Worker Found After Baltimore Bridge Collapse
BALTIMORE — Authorities said they have recovered the body of a fifth person who was missing after the collapse of the Francis Scott Key Bridge more than a month ago.
May 2, 2024Government, Business, Safety, Logistics
FRA: Union Pacific Undermined Regulators’ Safety Efforts
OMAHA, Neb. — Union Pacific managers undermined the U.S. government’s efforts to assess safety at the railroad in the wake of several high-profile derailment, federal regulators say.
May 1, 2024Government, Business, Safety, Logistics
Buttigieg Calls on Congress to Pass Rail Bill
More than a year after a train derailment in Ohio captured mainstream attention, the nation’s top transportation officer again called on Congress to advance a freight safety bill.
May 1, 2024