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Uber Beats Expectations as Rideshare Demand Remains Strong

Uber Technologies Inc. reported better-than-expected orders in the second quarter, underscoring the continued strength in demand for rideshare and delivery services.

August 6, 2024

CSX Profit Slips Amid Baltimore Bridge Collapse Response

CSX railroad’s second-quarter profit slipped 2% as it scrambled to respond to the Baltimore bridge collapse in March that disrupted coal exports.

August 6, 2024

Senate Greenlights Its Version of Water Infrastructure Act

In a show of bipartisanship, senators voted to inject billions into the nation’s ports, dams and canals, passing a sweeping water infrastructure bill.

August 5, 2024

Seven Logistics Companies Merge Into SalSon Logistics

A group of seven logistics companies is set to merge under the banner of SalSon Logistics, with a focus on drayage and warehousing services, they said Aug. 5.

August 5, 2024

Silicon Valley Subway Project Nabs $5.1B for Bay Area Link

The long-awaited subway project linking California’s Silicon Valley to parts of the San Francisco Bay Area is set to receive $5.1 billion in federal funding.

August 2, 2024

Hub Group Misses Analyst Expectations on Weak Q2 Market

Hub Group profit in the second quarter of 2024 fell due to the ongoing weakness in the North American freight market, but a final-mile acquisition in December 2023 offered a bright spot.

August 2, 2024

What's That? Final Mile Delivery

Final mile delivery, also known as last mile delivery, is the last step of the product's journey. It is the point at which the good is finally delivered to the end customer. 

July 30, 2024

Schneider Q2 Profit Slumps as Intermodal, Logistics Revenue Falls

Schneider National profit in the second quarter of 2024 slumped 54% as price increases failed to arrive as early as the carrier expected and ongoing freight market weakness saw intermodal and logistics revenue decline.

August 2, 2024

Amazon Reports Boost in Quarterly Profit to $13.5 Billion

Amazon reported a boost in its quarterly profits Aug. 1, but the company missed revenue estimates, sending stocks lower in after-hours trading.

August 1, 2024

Port Houston Gets USDA OK to Directly Handle Cold Treatment Cargo

The U.S. Department of Agriculture has granted authority to Port Houston to handle cold treatment cargo, creating an opportunity for drayage companies in the region.

August 1, 2024