As transportation companies reap the rewards of tax relief stemming from the new tax law, some CEOs have reinvested the extra cash into new tractor-trailers or bonuses for their employees.
February 12, 2018Government, Business, Equipment, Logistics
Tax Law Sparks Questions on Purchases, Raises in Trucking
Business, Logistics
There Aren’t Enough Truckers, and That’s Pinching US Profits
Tyson Foods Inc. expects to pay $200 million extra for freight this year. Kellogg Co.’s logistics costs will rise nearly 10%. McCormick & Co. blamed increased shipping expenses for its failure to achieve a profit target.
February 12, 2018Business, Technology, Equipment, Fuel, Logistics, Autonomous
Technology of Tomorrow to Be Key Topic at TMC Annual Meeting
Future advancements in the trucking industry will be at the forefront of the Technology & Maintenance Council’s 2018 Annual Meeting and Transportation Technology Exhibition set for early next month.
February 9, 2018Business, Logistics
Maersk Drops as Company Misses Estimates After an ‘Unusual’ Year
A.P. Moller-Maersk A/S fell short of earnings expectations last year but promised its shareholders that profit at the world’s biggest shipping company will grow as much as 43% in 2018.
February 9, 2018Business, Logistics
Analysis: The US Is Running Out of Truckers
Without enough trucks and drivers on the road, some combination of things is going to happen: Shipments will be delayed, and producers will have to pay higher prices to get goods to market.
February 9, 2018Government, Logistics
Trudeau Threatens to Leave NAFTA Rather Than ‘Take Any Old Deal’
Canadian Prime Minister Justin Trudeau made some of his most aggressive comments to date on dealing with U.S. demands to rework the North American Free Trade Agreement, adding he still thinks he can get the right deal for his country.
February 9, 2018Business, Logistics
Fulfillment Centers Moving Closer to Consumers
The growth in e-commerce is driving up demand for smaller industrial spaces nearer to cities so fulfillment firms can quickly get their products to customers, but it remains to be seen if fulfillment centers will start operating in suburban neighborhoods.
February 8, 2018Business, Logistics
Echo Global Logistics Revenues Surge 34.6%
Echo Global Logistics revenues surged 34.6% and profits beat analysts’ expectations by a large margin in the three months ended Dec. 31.
February 7, 2018Business, Logistics, TCA
Old Dominion Freight Line Helps MLB Teams Move
Continuing its partnership with the league and MLB teams across the country, Old Dominion Freight Line, along with fans and players, celebrated the beginning of a new season during the traditional spring training send-off known as Moving Day, according to a release.
February 7, 2018Government, Business, Logistics
UPS Gets $2.4 Million in Incentives for $41 Million Expansion Project in Texas
UPS Inc. wants to build a $41 million expansion to its El Paso, Texas, facility, and it plans to do so with more than $2 million in incentives from the city and the county.
February 7, 2018