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Hub Group Misses Analyst Expectations on Weak Q2 Market

Hub Group profit in the second quarter of 2024 fell due to the ongoing weakness in the North American freight market, but a final-mile acquisition in December 2023 offered a bright spot.

August 2, 2024

What Are Final Mile Deliveries?

What exactly is final mile delivery? This quick video explains the last leg of shipping and why final mile deliveries are so critical for logistics and customer satisfaction.

July 30, 2024

Schneider Q2 Profit Slumps as Intermodal, Logistics Revenue Falls

Schneider National profit in the second quarter of 2024 slumped 54% as price increases failed to arrive as early as the carrier expected and ongoing freight market weakness saw intermodal and logistics revenue decline.

August 2, 2024

Amazon Reports Boost in Quarterly Profit to $13.5 Billion

Amazon reported a boost in its quarterly profits Aug. 1, but the company missed revenue estimates, sending stocks lower in after-hours trading.

August 1, 2024

Port Houston Gets USDA OK to Directly Handle Cold Treatment Cargo

The U.S. Department of Agriculture has granted authority to Port Houston to handle cold treatment cargo, creating an opportunity for drayage companies in the region.

August 1, 2024

C.H. Robinson Profit Jumps on Higher Seaborne Prices

C.H. Robinson Worldwide profit in Q2 jumped 29.7% year over year as a result of higher seaborne services pricing, a bigger margin on truckload and LTL shipments and a decrease in head count.

August 1, 2024

Liebherr to Build $176M Distribution Center in Mississippi

A top Swiss manufacturer of construction equipment has inked a $176 million deal with Mississippi state officials to build a massive distribution and logistics center to provide spare parts in North and South America.

August 1, 2024

Sluggish Global Economy Weighs on Germany’s DHL in Q2

FRANKFURT — German logistics and delivery giant DHL reported second-quarter net profit of $802 million, a decline of 23.9% from a year ago, as a sluggish global economy dampened demand.

August 1, 2024

Maersk Boosts Full-Year Guidance

A.P. Moller-Maersk, a bellwether for global trade, increased its full-year guidance due to higher freight rates caused by supply chain disruptions following attacks in the Red Sea.

August 1, 2024

Senate Panel Approves TSA Clearance Bill for Truckers

A committee in the U.S. Senate recently approved a bill that would facilitate commercial drivers’ applications for security credentials.

July 31, 2024