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Freight Stakeholders Push Congress on Infrastructure Package

Consideration of a major infrastructure policy package aimed at improving access to commercial corridors would enhance the freight industry’s distribution of goods in the coming years, stakeholders said during a recent forum hosted by the U.S. Chamber of Commerce.

January 27, 2021

C.H. Robinson Posts Strong Q4 Numbers, Mixed Annual Results

C.H. Robinson Worldwide posted large gains in both profit and revenue during the fourth quarter, but its annual results were mixed because of the economic effects of the COVID-19 pandemic.

January 27, 2021

Biden to Approach China Relationship With ‘Patience,’ White House Says

President Joe Biden’s administration is approaching its relationship with Beijing with “patience” and plans to review hard-line policies that were a hallmark of Donald Trump’s presidency, Press Secretary Jen Psaki said.

January 25, 2021

J.B. Hunt Reports Strong Q4, Full-Year Earnings

J.B. Hunt Transport Services reported higher earnings and revenue for the fourth quarter of 2020, but said income dipped even as revenue rose for the full year.

January 25, 2021

Kansas City Southern Reports Mixed Q4 Earnings

Kansas City Southern reported a higher fourth quarter and higher annual net income, but lower revenue for the period.

January 25, 2021

Shipping Container Crunch Shows Signs of Easing, Index Shows

A global shortage of shipping containers that has sent ocean freight rates skyrocketing shows signs of easing, according to an index that tracks the steel boxes used to transport 90% of the global trade in goods.

January 25, 2021

TFI Buys UPS Freight for $800 Million

TFI International Inc. is acquiring UPS Freight in an $800 million deal announced Jan. 25.

January 25, 2021

Maersk Loses 750 Containers as Seas Hammer L.A.-Bound Ship

One of AP Moller-Maersk’s containerships carrying goods from China to the U.S. lost part of its cargo in the Pacific Ocean during bad weather.

January 22, 2021

U.S. Xpress CEO Details Economic Forecast for 2021

U.S. Xpress Enterprises CEO Eric Fuller on Jan. 20 detailed the findings of an economic report his company did on the trucking industry.

January 21, 2021