Norfolk Southern Corp. followed the trend of Class 1 railroads reporting record operating ratios, but net income and revenue dropped in the third quarter.
October 23, 2019Business, Logistics
Norfolk Southern’s Net Income, Revenue Decline
Business, Logistics, Top 100
Covenant Transportation Posts $3.2 Million Net Loss in Q3
Covenant Transportation Group Inc. reported a net loss of $3.2 million in the third quarter of 2019, compared with net income of $11.6 million in the same quarter of 2018.
October 22, 2019Business, Logistics
ATA’s Truck Tonnage Index Rises 3.5% Over September 2018
Truck tonnage for the month of September rose 3.5% compared with year-ago levels, and inched up on a sequential basis over August 2019, according to American Trucking Associations' For-Hire Truck Tonnage Index.
October 22, 2019Business, Equipment, Logistics, Top 100
Layoffs Hit Stevens Tanker, Amazon Contractors
Closures and layoffs continue to vex the trucking industry in 2019, but three recent downsizings were attributed by the companies involved more to the vicissitudes of the energy, retail and final-mile industries than to a slowdown in the overall freight market.
October 22, 2019Business, Technology, Logistics, Autonomous, Top 100, TCA
UPS, AmerisourceBergen Plan Drone Drug and Device Delivery
UPS Inc. and AmerisourceBergen, the Chesterbrook, Pa.-based drug distributor, are working together to use UPS’ new Flight Forward “drone airline” to ship drugs and supplies to hospitals through small, unmanned aircraft across the U.S.
October 22, 2019Business, Logistics
Manitoulin of Toronto Buys Miami Logistics Company
Manitoulin Global Forwarding acquired Demark Global Logistics of Miami, according to a news release by Toronto-based Manitoulin.
October 22, 2019Government, Business, Logistics
Stamps.com Soars as UPS Deal Seen as ‘Step in the Right Direction’
Stamps.com Inc. shares rallied Oct. 22 ahead of the opening bell after UPS Inc. announced a pact to offer discounted shipping rates to the company’s customer base of more than 740,000.
October 22, 2019Business, Technology, Equipment, Logistics
Konexial Acquires Axle Technologies’ ELD, Fleet Management Customers
Konexial Inc. acquired Axle Technologies’ complete roster of electronic logging device and fleet management customers, Konexial officials said Oct. 21.
October 21, 2019Business, Logistics, Perspective
Perspective: Bringing Aptitude, Attitude to Hiring
The biggest change in the recruiting process for drivers and technicians is more emphasis on aptitude and attitude, says Kari Beeson of Transervice Logistics Inc.
October 21, 2019Business, Logistics
TA Logistics Teams With Other TFI Subsidiaries
TA Logistics is expanding its service footprint by linking up with sister companies under the parent company, TFI International Inc., according to an Oct. 15 news release.
October 21, 2019