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Fixing the Final-Mile Delivery Mess

Though it seems like every week there's a new startup introduced to the field, last-mile retail delivery is still a mess.

August 20, 2018

UPS Reaches Tentative Agreement With Airline Mechanics

Local union leaders with the International Brotherhood of Teamsters which represents UPS Inc. and UPS freight workers approved on Aug. 9 two separate five-year national contracts. This paves the way for the 250,000 workers, including drivers, loaders, package sorters, dockworkers and operations team members and 11,000 freight workers to vote on the contacts in September.

August 10, 2018

XPO Opens Final-Mile Distribution Hub in Toronto

XPO Logistics has expanded its home-delivery business in Canada with the opening of a 50,000-square-foot distribution hub in Toronto.

August 8, 2018

Sunoco Completes Equity Purchase of Sandford Energy

Sunoco Partners Marketing & Terminals said it has paid approximately $66 million to obtain the equity stake in Sandford Energy it did not already own, giving Sunoco full control of the company.

August 7, 2018

Oil Companies Fret as Congress Debates Russia Sanctions

WASHINGTON — Oil and gas executives have watched wearily in recent years as the relationship between the United States and Russia deteriorated, steadily closing off their ability to drill the vast shale plays underlying Siberia and the deep-water oil fields off Russia’s Arctic coast.

August 3, 2018

U.S. Xpress Revenue Grows 21.4% in Past Year

A three-year turnaround in the operations and culture at U.S. Xpress Enterprises helped the Chattanooga, Tenn., trucking firm raise more than $250 million in an initial stock offering in June and deliver its best operating ratio in two decades this spring.

August 3, 2018

YRC Worldwide Reports Mixed 2Q Earnings Compared With 2017

YRC Worldwide Inc. reported a decline in second-quarter net income, even as operating revenue increased.

August 2, 2018

Saia Follows Industry Trend With Record Earnings in 2Q

In the midst of a buoyant economy, less-than-truckload carrier Saia Inc. on Aug. 1 reported record second-quarter earnings. Saia said operating revenue was up nearly 18%, reaching nearly $428.7 million, or $1.18 a share, compared with $364.4 million, or 69 cents a share, for the same period in 2017.

August 1, 2018

Universal Logistics Holdings Reports Revenue Record for 2Q

Universal Logistics Holdings Inc., a Warren, Mich., truckload carrier, said the company set a record for total operating revenue in the second quarter, reaching $366 million compared with $305 million in 2017.

July 27, 2018