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Union Pacific Net Income Slips 13% as Freight Volume Declines

Union Pacific Corp. net income slipped 13% to $1.13 billion, or $1.36 per share, hurt by lower intermodal and other freight volume and weaker pricing.

October 20, 2016

APL Logistics Names Shigeo Mori as New CFO

APL Logistics appointed Shigeo Mori as chief financial officer on Oct. 18, replacing Masahiko Oka at the helm of the company that was bought by Japanese firm Kintetsu World Express Group in February 2015.

October 19, 2016

Hanjin Bankruptcy Hurts Long Beach, But Doesn't Impact Other US Ports in September

The Hanjin Shipping Co. bankruptcy hit the Port of Long Beach hard, but spared most others from year-over-year losses in ocean container traffic, based on port statistics released for September.

October 19, 2016

FedEx to Invest $1.5 Billion in France to Double Capacity at Charles de Gaulle Airport

PARIS — FedEx Corp announced Oct. 17 that it would invest $1.5 billion to double the capacity of its logistics activities at Charles de Gaulle International Airport in the Paris suburb of Roissy.

, October 18, 2016

Kuehne + Nagel Earnings Decline Even as Sea Freight Volume Rises

Kuehne + Nagel Inc. reported third-quarter earnings before interest, taxes, depreciation and amortization fell 3.6% to $273 million, counter to analysts’ average estimate of a 6.4% increase to $267 million.

October 18, 2016

Natso Joins R.I. Trucking Association in Fight Against Truck-Only Tolls

The Rhode Island Trucking Association has a new ally, the National Association of Truck Stop Operators, in its ongoing battle against Gov. Gina Raimondo’s trucks-only tolling plan.

October 18, 2016

Family May Be Driving Schneider IPO

Underlying the plans by multibillion-dollar Schneider trucking company to go public are likely the varying desires of different family members to cash in on at least some of their ownership interest.

October 17, 2016

Hanjin Bankruptcy Hits Long Beach Port Hard, But Los Angeles Left Unscathed

Container traffic at the two biggest West Coast ports was mixed in September, with a significant drop in Long Beach because of the Hanjin bankruptcy but a gain in Los Angeles, which had less exposure.

October 14, 2016

Privately Owned Schneider Eyes Going Public; IPO Would Be Trucking’s First Since 2010

Schneider, the nation’s largest privately owned motor carrier and a major provider of intermodal transportation and logistics services, has decided to go public.

October 17, 2016

Judge Signs Off on $28 Million Settlement Between Schneider, Truck Drivers

A $28 million settlement agreement between Schneider and a group of truck drivers who alleged the company did not properly offer them meal and rest breaks was approved this week by a California judge.

October 14, 2016