The new management team at CSX Inc. released improved financial results for the fourth quarter of 2017 and promised to carry out former CEO Hunter Harrison’s vision of a new, more efficient and more profitable railroad.
January 18, 2018Search
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Brian Work of CloneOps.ai discusses where AI agents fit into today’s supply chain workflows and what they might mean for the future of trucking operations.Â
Amazon Narrows Field for Second Headquarters Location to 20
Amazon.com Inc. narrowed the field of cities for its proposed new headquarters to 20, with New York, Boston, Chicago, Miami and Austin, Texas, among the contenders.
January 18, 2018CSX Revenue Down, Earnings Up
CSX’s net earnings grew in the fourth quarter despite a drop in revenue. The Jacksonville,Fla.,-based railroad announced adjusted net earnings of $573 million or 64 cents a share for the fourth quarter, compared to $458 million and 49 cents for the same period of 2016.
January 17, 2018Snow Causes FedEx Hiccup
Memphis International Airport saw little impact on passenger flights from a winter storm early Jan. 16, but FedEx’s cargo operation experienced disruptions that could affect deliveries.
January 17, 2018Two Canadian Deals Highlight Continued Consolidation in Trucking
A consolidation trend among Canadian trucking companies continues, with Manitoulin Transport completing its purchase of intermodal carrier Direct Right Cartage, and Groupe Robert announcing plans to combine its heavy-haul business with QSL Group and Express Mondor.
January 17, 2018FedEx Beefs Up Unit Led by Founder’s Son to Include Specialty Logistics, E-Commerce
FedEx is expanding the business unit led by its founder’s son by consolidating specialty logistics and e-commerce solutions within FedEx Trade Networks.
January 17, 2018Amazon Begins to Act as Its Own Freight Broker
Over the past two years Amazon.com Inc. has dabbled in the transportation and logistics industry. But recently, the e-commerce behemoth began to directly broker freight to truck drivers, rather than solely rely upon third-party firms such as C.H. Robinson Worldwide, Transport Topics has learned.
January 17, 2018With Gas Taxes in Peril, More States Study Alternatives
After more than a decade of watching Oregon and a handful of other states test alternatives to traditional gasoline taxes, more states, with the help of federal money, are now joining the quest.
January 16, 2018Peoples Services Buys B&M Storage
Peoples Services expanded its warehouse footprint in the Southeast with the purchase of the assets of Winston-Salem, N.C.-based B&M Storage & Distribution.
January 16, 2018US Chamber of Commerce to Push for Gas Tax Hike for Road and Bridge Upgrades
The U.S. Chamber of Commerce will call for increasing the federal gas tax by 25 cents a gallon over the next five years to help pay for rebuilding U.S. roads and bridges as part of its push for a federal infrastructure initiative this year.
January 16, 2018