China rebuffed FedEx Corp.’s claims that it mistakenly rerouted some Huawei Technologies Co. packages to the U.S. and warned that authorities found other violations by the American delivery firm, raising concern the company could face repercussions from Beijing.
July 26, 2019Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Mullen Group’s Revenue Jumps 7.9% as Oil Service Remains in Demand
Canadian carrier Mullen Group Ltd. increased revenue by C$23.3 million, or 7.9%, to $319 million in the second quarter ended June 30, according to a company news release.
July 25, 2019ODFL Sets Company Records as Earnings, Revenue Rise
Less-than-truckload carrier Old Dominion Freight Line reported higher net income and revenue in the second quarter as it achieved, amid lower shipments and tonnage, company records for revenue, operating ratio and earnings per diluted share.
July 25, 2019Amazon Eyes Large Warehouse Spot at Brooklyn’s Industry City
Amazon.com Inc. is in talks to rent space at Brooklyn’s Industry City for a new logistics facility, according to a person with knowledge of the matter.
July 24, 2019Echo Global Reports Lower Revenue, Net Income in 2Q
Echo Global Logistics reported decreased revenue and net income as the softer freight market and weaker spot prices took a toll on earnings.
July 24, 2019Senate Confirms Former Delta Executive Stephen Dickson as FAA Administrator
A former Air Force pilot and Delta Air Lines executive was confirmed July 24 by the Senate to lead the Federal Aviation Administration after overcoming opposition from Democrats who claim that he mistreated a whistleblower during his tenure at Delta.
July 24, 2019UPS Announces Strong 2Q Earnings
United Parcel Service Inc. reported second-quarter earnings benefiting from rising demand for its Next Day Air and Ground delivery services.
July 24, 2019Amazon Has ‘Destroyed’ US Retail Industry, Says Treasury Secretary Steven Mnuchin
U.S. Treasury Secretary Steven Mnuchin alleged that Amazon has “limited competition” and harmed the retail industry as the Trump administration announced a broad antitrust review into whether technology companies are using their power to thwart rivals.
July 24, 2019UPS Will Go to Seven-Day Ground Service in 2020
UPS Inc. is joining the seven-day-a-week delivery business, announcing July 23 that beginning Jan. 1, 2020, the Atlanta-based shipping giant will add Sunday nationwide ground service.
July 23, 2019Airgas Expands in Stockton, Calif., With New CO2 Plant
Airgas, an Air Liquide company and a U.S. supplier of industrial, medical and specialty gases, opened its new liquid carbon dioxide and dry ice facility in Stockton, Calif., on July 16.
July 22, 2019