UPS Inc. already was in trouble with Wall Street over a long-term investment plan to cope with soaring e-commerce. Now the company is clashing with its pilots union because of a short-term fix for the same challenge.
April 2, 2018Search
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Ryder Acquires Last-Mile Delivery Carrier MXD Group
Ryder System Inc. is acquiring all of the outstanding equity of MXD Group, an e-commerce fulfillment provider, with its North American network of facilities, including last-mile capabilities.
April 3, 2018UPS Begins Regular Cargo Flights Out of San Bernardino Airport
UPS Inc. has started operating five cargo flights a week out of San Bernardino International Airport, officials announced March 26.
March 28, 2018Logistics Revenues Due to Go Up in Quarterly Reports, but Margins Still Drag Down Profits
Third-party logistics firms capitalized on stronger demand to transport freight this summer but spent more to purchase trucks, resulting in what Wall Street analysts predict will be a mixed-earnings season.
October 11, 2017Universal Expects Growth in Operating Income, EPS for First Time Since 2015
Universal Logistics Holdings Inc. expects revenue to grow about 10% in the third quarter when earnings are released after the market closes Oct. 26.
October 6, 2017Cardinal Logistics to Lay Off 69 Employees in Virginia on Dec. 2
Cardinal Logistics Management Corp. will lay off 69 employees in Salem, Va., on Dec. 2 because of the “unexpected termination of a major business contract,†according to a filing with the state. Most of the 69 are truck drivers.
October 6, 2017Philadelphia Port Sees Continued Growth in Imports
The Philadelphia port continues to be on a roll, with more containerized freight, more liquid bulk cargoes, and more cars arriving at Philadelphia’s 15 piers and terminals on the Delaware River.
September 6, 2017