NEW YORK — Amazon on Feb. 2 reported worse-than-expected profits, but its revenue beat expectations, boosted by sales in North America businesses and the cloud-computing unit AWS.
February 2, 2023Logistics News
For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
Amazon Revenue Beats Q4 Estimates, Profits Slump
Democrats Tout Biden’s Big Infrastructure Implementation
The leader of the U.S. Senate is among senior Democrats praising the Biden White House’s management of a $1.2 trillion infrastructure law amid renewed calls for oversight from congressional Republicans.
February 2, 2023Mitsubishi Warehouse Deal With Port of San Diego Falls Through
A deal between the Port of San Diego and Mitsubishi Cement Corp. for a storage facility at the 10th Avenue Marine Terminal has fallen through, officials announced Feb. 1.
February 2, 2023C.H. Robinson Reports 58.2% Earnings Drop for Q4
C.H. Robinson Worldwide Inc. experienced a year-over-year decline in revenue and earnings during the fourth quarter of 2022, the company reported Feb. 1.
February 2, 2023Three Companies Expand in Kentucky Distribution, Logistics Hub
Northern Kentucky’s footprint for logistics, distribution, transportation and cargo businesses has recently grown with three company expansions totaling $17.4 million.
February 2, 2023Schneider Reports 18% Earnings Decline for Q4
Schneider experienced an 18% year-over-year drop in fourth-quarter earnings, the company reported Feb. 2.
February 2, 2023ODFL Reports Record-Setting 2022; CEO Transition Plan Announced
Old Dominion Freight Line capped a record-setting year with revenue and earnings increases in the fourth quarter of 2022, the company reported Feb. 1, one day after revealing its leadership transition plan.
February 2, 2023Landstar System Reports Revenue Decline for Q4
Landstar System Inc. experienced a year-over-year decline in revenue and earnings during the fourth quarter of 2022, the company reported Feb. 1.
February 2, 2023ATA President Chris Spear Presses House Panel on IIJA Oversight, Freight Workforce
WASHINGTON — Advancing supply chain connectivity programs and promoting the freight workforce are priorities American Trucking Associations President Chris Spear called on Congress to pursue over the next two years.
February 1, 2023Colorado Renews Emergency Order for Fuel Transport
An ongoing refinery shutdown has prompted Colorado’s governor to extend a fuel supply chain emergency order enabling commercial vehicles to carry heavier fuel loads on state highways for another month.
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