Swift Transportation reversed course after reporting third-quarter earnings were up 4.7% year-over-year to $38 million on Oct. 24, lowering the number to $24 million, or a 34% decline lower than a year ago.
November 1, 2016Search
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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.
Top Japanese Shipping Lines to Merge Container Businesses
Japan’s three biggest shippers agreed to combine their container operations to create the world’s sixth-largest box carrier, as the industry steps up consolidation this year amid a global turmoil in the sea-cargo business.
October 31, 2016NFI Industries CEO Steps Down From Sun National Bank Board
NFI Industries CEO Sidney Brown will be stepping down as the chairman of the board at Sun National Bank, effective Dec. 31.
October 28, 2016XPO Logistics Sells Truckload Business to TransForce for $558 Million
XPO Logistics has sold the Con-way Inc. truckload business to TransForce Inc. for $558 million in cash, a move that involved negotiations between two of the Top 10Â companies on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.
October 27, 2016Logistics Firms Sunteck Transport Group, TTS Announce Merger
Logistics service providers Sunteck Transport Group and TTS have agreed to merge, a deal that continues a consolidation trend in the industry.
October 26, 2016Consumer Confidence Retreated More Than Forecast in October
Consumer confidence declined more than forecast in October, as households became less upbeat about the economy and labor market, figures from the New York-based Conference Board showed Oct. 25.
October 26, 2016Net Income Falls at Hub Group, Echo
Hub Group Inc. and Echo Global Logistics Inc. reported weaker third-quarter earnings as pressure on profit margins continued to hurt results in the sector.
October 26, 2016Hanjin Shipping Wins Court Approval to Wind Down Europe Business
Hanjin Shipping Co., South Korea’s largest container line that has put its Asia-U.S. business on sale after filing for bankruptcy protection in late August, won approval from a court to wind down its European operations as demand for its services to the continent slumped.
October 24, 2016Swift Transportation Profits Rise in Third Quarter
Swift Transportation reported profits were up 4.7%, one of the few bright spots so far in the industry for the third quarter, and the company said it was the result of cutting expenses to deal with the challenging truckload environment.
October 24, 2016Experimental Cotton Shipment from Houston to China Could Revolutionize Logistics
When the Marie Schulte rounds the breakwater off the Chinese port of Qingdao in early November, bankers on two continents will be watching anxiously.
October 24, 2016