The leadership of Kansas City Southern Railroad said on Oct. 16 the Class I railroad saw a 5.3% increase in third-quarter net income to $189.7 million, or $2.01 a diluted share, compared with $180.1 million, or $1.81, in the same period a year ago.
October 16, 2020Search
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DOT Awards $220 Million for Port Infrastructure
The U.S. Department of Transportation awarded $220 million in grants to improve port infrastructure, including facilities used by freight vehicles.
October 16, 2020J.B. Hunt Reports Year-Over-Year Rise in Q3 Earnings, Revenue
J.B. Hunt Transport Services posted increased earnings and revenue in the third quarter year-over-year, the carrier announced Oct. 16.
October 16, 2020Marten Reports 8.8% Climb in Earnings; Revenue Ticks Up
Marten Transport saw net income increase 8.8% during the third quarter of 2020, the carrier reported Oct. 15.
October 16, 2020DHL Supply Chain Helps to Bolster Operations at Manheim Logistics
DHL Supply Chain detailed Oct. 13 how it plans to use its technology and resources to help bolster operations at Manheim Logistics.
October 14, 2020Vaccine Cargo Cavalry Sizes Up Readiness of Historic Airlift
The medical industryâs dash to produce the worldâs first coronavirus vaccines in just a few months is heightening the urgency for the workhorses of global trade to be ready for the historic charge to defeat the disease.
October 14, 2020UPS, FedEx Face Stress Test From Amazonâs âChristmas Creepâ
FedEx Corp. and UPS Inc. are girding for their biggest test yet in the e-commerce era, with âChristmas Creepâ pushing the holiday shopping season ever earlier and stretching the limits of shipping networks already strained by the COVID-19 pandemic.
November 13, 2020Amazonâs Prime Day Steals Rivalsâ Black Friday Spotlight
Amazon.com Inc.âs two-day Prime Day sale kicked off on Oct. 13 and is expected to give the worldâs largest e-commerce company an early advantage over brick-and-mortar rivals still contending with pandemic-spooked consumers wary of battling Black Friday crowds.
October 13, 2020Trucking Industry Economy Outpaces US Economy as Capacity Tightens
Trucking is providing one of the few bright spots to the flagging U.S. economy as tight capacity and a driver shortage push contract and spot rates higher across vans, flatbeds and refrigerated trucks.
October 13, 2020Maersk Raises Outlook as Shipping Giant Sees Demand Rebound
A.P. Moller-Maersk A/S raised its full-year guidance amid a surprise recovery in demand and sweeping efforts to cut costs.
October 13, 2020