U.S. third-party logistics gross revenues topped $110 billion for the first time last year, according to a report on the 3PL industry released this week.
April 11, 2007BusinessLogistics
Hub Groups Earnings Rise
Third-party logistics company and freight broker Hub Group said late Thursday its first-quarter profit rose 25% to $11.4 million or 29 cents a share, from $9.1 million or 22 cents a share a year ago.
April 20, 2007BusinessLogistics
Union Pacifics 1Q Profit Rises
Union Pacific Corp., the nations largest freight railroad, said Thursday its first-quarter profit rose 24% to $386 million or $1.41 per share, from $311 million or $1.15 last year.
April 19, 2007BusinessLogistics
CSXs 1Q Profit Dips; Revenue Hits Record
CSX Corp. late Tuesday reported that its first-quarter profit fell 2%, due to slower freight demand and a sluggish economy.
April 18, 2007BusinessLogistics
CN Workers Begin Strike
Canadian National Railway Co.s 2,800 union conductors and yard workers began rotating strikes Wednesday after rejecting a proposed one-year contract, Bloomberg reported.
April 12, 2007BusinessSafetyGovernmentLogistics
Exec Downplays Rail Takeovers
Norfolk Southern Corp. Chief Executive Officer Charles Wick Moorman told the Surface Transportation Board that buyout firms probably will not try to acquire major U.S. railroads because of opposition by rail management, Bloomberg reported.
April 12, 2007BusinessLogisticsAutonomous
Justice OKs Trucking Survey
The Justice Department said Tuesday it will not oppose a proposal by the National Association of Small Trucking Companies to conduct an operational and financial survey of small- and medium-sized trucking firms.
April 10, 2007BusinessSafetyGovernmentLogistics
Pacer Sets Debt-Removal Plan
Transportation and third-party logistics firm Pacer International said Monday it has successfully completed the refinancing of its existing long-term debt.
April 9, 2007BusinessLogistics
NS Says 1Q Profit to Dip 3%
Norfolk Southern Corp. said its first-quarter earnings will be 3% lower than a year earlier, as its freight shipments declined.
April 5, 2007BusinessSafetyGovernmentEquipmentLogistics
Pacer Lowers 07 Guidance
Transportation and third-party logistics firm Pacer International lowered its full-year earnings guidance, said it would consolidate some operations and said its board authorized a buyback of up to $100 million of the companys stock.
April 5, 2007