UPS Inc. experienced a 41.3% drop in earnings during the first quarter of 2024, the company reported April 23.
April 23, 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.
UPS Reports 41% Earnings Drop During Q1
Focus Shifts to Removing Debris From Dali’s Deck
BALTIMORE — Salvage crews at the site of a collapsed bridge are turning their focus to the tons of debris sitting atop the Dali, a massive cargo ship that caused a deadly catastrophe in March.
April 19, 2024Maryland Leaders Push for Federal Aid
The governor of Maryland in pointed remarks challenged federal lawmakers to see for themselves the devastation wrought by the collapse of the Francis Scott Key Bridge.
April 18, 2024Firms Fret Over Any Lengthy Baltimore Port Closure
The closure of the Port of Baltimore has so far not led to broad price increases, though firms are concerned about any extended shutdown, according to a Federal Reserve report.
April 18, 2024CSX Profit Drops 10% Despite 3% More Q1 Freight
CSX’s first-quarter profit slipped 10% even though the railroad delivered 3% more goods, as the mix of shipments it handled shifted toward less profitable items.
April 17, 2024NYC Congestion Plan Adds Money to Offset N.J. Harm, MTA Says
New York City’s congestion pricing plan will now include funds to help alleviate potential pollution issues the new tolling program may spark in New Jersey.
April 17, 2024Dali Owner Asks Cargo Owners to Help Cover Salvage Expenses
BALTIMORE — The owner of the massive containership that caused the deadly collapse of a bridge in March wants owners of the cargo on board to cover some of the salvage costs.
April 17, 2024Amazon Prime Memberships in US Gain 8% to New High
Amazon.com Inc.’s Prime subscription service hit a new high of 180 million U.S. shoppers in March, up 8% from a year earlier, according to Consumer Intelligence Research Partners.
April 16, 2024Ohio Turnpike Completes Open-Road Tolling Project
A new tolling system featuring open-road tolling lanes is complete along the 241-mile stretch of the Ohio Turnpike, signaling the end of its largest construction project in its history.
April 16, 2024Port of Portland to End Terminal 6 Cargo Container Handling
The Port of Portland will shut down its cargo container handling operation at North Portland’s Terminal 6, saying an effort to lease the site to a third-party operator had fallen through.
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