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Schneider Sees Q3 Earnings Decline

The slowing U.S. economy is impacting the finances of some of the industry’s biggest truckload carriers as Schneider National Inc. saw its third-quarter financial numbers decline.

October 31, 2019

Alberta Loosens Oil Output Limits With Railroad Allowances

Alberta took a step toward easing the pain of its crude-production caps by allowing oil companies to exceed output limits if they ship the extra production by rail.

October 31, 2019

C.H. Robinson Profit Takes Tumble in Q3

C.H. Robinson Worldwide on Oct. 30 reported profit and sales declines that were worse than expected due to excess shipping capacity and waning demand.

October 30, 2019

Forward Air Reports Profit Dip, Robust Revenue

Forward Air Corp. reported strong third-quarter earnings, including skyrocketing revenue, when the Greeneville, Tenn., company announced financial results Oct. 24.

October 30, 2019

Duluth Port Breaks Record for Wind Turbine Parts

The sheer volume of wind turbine blades, towers and other parts moving through Duluth, Minn., in 2019 surpassed record tonnage totals this week by reaching 306,000 freight tons.

October 30, 2019

Saia Reports 37th Consecutive Quarter of Growth

Saia Inc. reported mixed third-quarter financial results Oct. 30, missing Wall Street’s expectations for earnings but surpassing analysts’ forecasts for revenue.

October 30, 2019

Swift Logistics to Close Pennsylvania Warehouse

Swift Logistics will close its warehouse in Springettsbury Township, Pa., on Dec. 31, and 56 employees will be laid off.

October 30, 2019

USDA Final Interim Rule Affirms Interstate Transport of Hemp

The U.S. Department of Agriculture on Oct. 30 announced its final interim rule supporting a 2018 hemp legalization law that will allow the interstate transportation of hemp without interference from the states.

October 30, 2019

Canadian Carrier Mullen Sees Q3 Earnings Decline as Oil Shipments Fall

Canadian carrier Mullen Group Ltd. posted a 6.4% decline in net income in the third quarter, to C$20.5 million or 20 cents per share, according to a company news release Oct. 24.

October 30, 2019

Convoy Tries to Navigate Some Uber-Scale Problems

Convoy risks drawing comparisons to Uber in less flattering ways: drivers grousing about getting squeezed and a business model that has yet to turn a profit.

October 29, 2019