ArcBest Corp. experienced a 187% increase in earnings despite a decline in revenue during the third quarter of 2024, the company reported Nov. 1.
November 1, 2024Logistics 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.
ArcBest Reports 187% Rise in Earnings for Third Quarter
Colorado Awarded $66M in Federal Funding for Rail Safety
Colorado has been awarded $66.4 million in grant funding to improve the safety of the Burlington Northern Santa Fe rail line north of Denver.
November 1, 2024Port of Vancouver Braces for Strike Set for Nov. 4
Dock foremen and women in British Columbia issued a strike notice for Nov. 4, setting up a complete shutdown of Canadas busiest port, a business group said.
November 1, 2024Amazon Exceeds Profit Forecasts, Predicts Q4 Sales Surge
As we get into the holiday season, were excited about what we have in store for customers, CEO Andy Jassy said in a statement.
October 31, 2024Uber Shares Slump on Muted Bookings in US Rides Business
Uber Technologies reported weaker-than-expected ride bookings and issued a middling forecast for the holiday quarter, even as it delivered record operating profit.
October 31, 2024Werner Revenue and Profit Decline on Q3 Market Struggles
The Omaha, Neb.-based carriers Q3 net income fell 72% to $6.6 million, or 11 cents per share, compared with $23.7 million, 37 cents, a year ago.
October 30, 2024XPO Net Income Climbs 10% on Strong LTL Pricing in Q3
XPOs North American LTL segment, its core operation, increased revenue by 1.9% to $1.25 billion from $1.23 billion last year despite declines in shipment volumes.
October 30, 2024CISA Issues Global Cyber Plan to Protect US Infrastructure
CISA released an international plan outlining steps to work more with overseas stakeholders to better safeguard online interconnections with the U.S. supply chain.
October 30, 2024DSV Secures $5.4 Billion in Bonds for DB Schenker Deal
The Danish transport company sold a six-part bond deal with maturities ranging from two to 10 years, according to a person familiar with the matter.
October 30, 2024Refrigerated Rates Near-Term Upside Likely Limited: FTR
Rates will improve in 2025, however, as will volumes, FTR Vice President of Trucking Avery Vise said during the research groups Q4 2024 Food Industry Economic and Transportation Update.
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