Logistics News

About Logistics 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.
 

BusinessTechnologyLogistics

Lyft Gains as Analysts Say Results May Win Over Skeptics

Lyft Inc.s second-quarter results blew past market estimates and won accolades from Wall Street, as analysts said they now see a clearer path to profitability and a more rational competitive environment.

August 8, 2019
BusinessLogisticsTop 100

Roadrunner to Focus on 3PL, LTL After Net Losses in 2Q

Roadrunner Transportation Systems Inc. will narrow future operations to logistics and less-than-truckload after a disappointing second quarter, company officials said in an Aug. 7 news release.

August 7, 2019
GovernmentBusinessLogistics

As China Halts US Soy Purchases, Unknown Buyers Step Up

While China announced it has halted imports of American soybeans, a mysterious buyer has stepped up. The U.S. Department of Agriculture announced Aug. 7 a sale of 165,000 metric tons of the oilseed to unknown destinations.

August 7, 2019
GovernmentBusinessLogistics

World Economy Edges Closer to Recession as Trade Woes Spread

The escalating trade war between the U.S. and China is nudging the world economy toward its first recession in a decade with investors demanding politicians and central bankers act fast to change course.

August 7, 2019
BusinessLogisticsBreaking NewsTop 100

FedEx Ends Ground-Delivery Deal With Amazon

FedEx Corp. is ending its ground-service delivery contract with Amazon.com, a sign the delivery giant is pulling away from the largest U.S. e-commerce company and focusing on other clients in the market, such as Walmart and Walgreens.

August 7, 2019
BusinessLogistics

Expeditors Reports Higher Net Income, Revenue in 2Q

Expeditors International of Washington Inc. on Aug. 6 reported net income rose to $153 million, or 88 cents per share. Thats up 9% from $140.6 million, or 79 cents a share, in the same quarter a year ago.

August 6, 2019
GovernmentBusinessLogistics

Taking in Just $70 a Day, Lordstown GM Plant Savior Workhorse Is in Trouble

Now more than ever, Workhorse looks more like Lordstowns lottery ticket than a savior to be taken seriously. While its hard to imagine at this juncture the company having the capital needed to get GMs factory humming again, it has a ray of hope to point to: a potentially lucrative contract to build next-generation mail trucks for the U.S. Postal Service.

August 6, 2019
GovernmentBusinessLogistics

Economic Adviser Larry Kudlow Says US Still Expects China for September Trade Talks

President Donald Trumps top economic adviser, Larry Kudlow, said the United States still expects Chinese negotiators to come to Washington for another round of trade talks in September, even after the two nations escalated their trade war.

August 6, 2019
GovernmentBusinessLogistics

China Halts Crop Imports, Weakens Yuan

China responded to President Donald Trumps tariff threat with another escalation of the trade war Aug. 5, asking state-owned companies to suspend imports of U.S. agricultural products.

August 5, 2019
BusinessLogistics

Amazon Loses Last Bear Among Stock Analysts

Amazon.coms last bear has given up. Allen Gillespie came into this week the only one of 55 financial analysts tracked by Bloomberg with a sell rating on the companys shares. In a note to clients July 30, he upgraded the retail and technology giant to hold.

August 2, 2019