Two European logistics operators with a U.S. presence have reported higher first-quarter earnings by raising profit margins on businesses such as small parcels and ocean freight.
May 13, 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.
Consumer Comfort Drops to Five-Month Low on Economic Views
Consumer confidence fell last week to a five-month low as Americans became more downbeat about the economy, Bloomberg Consumer Comfort data showed May 12.
May 12, 2016Registration Opens for National Student Technician Competition
Registration is now open for the 2016 TMC FutureTech National Student Technician Competition.
May 11, 2016XPO Rebuffs Teamsters Effort to Press US, Global Union Issues
The Teamsters and European labor representatives attempted to force a meeting with XPO Logistics CEO Bradley Jacobs to discuss union issues but were rebuffed by the company at its annual meeting.
May 11, 2016Deutsche Post Stands by Growth Targets as Amazon Threat Looms
Deutsche Post AG stood by profit targets through the end of the decade, dismissing the threat posed by customer Amazon.com's expansion into parcel deliveries.
May 9, 2016Maersk Earnings Fall, Hurt by Weaker Ocean Freight Rates
Danish firm Maersk Group, owner of the largest ocean carrier, earlier this month reported first-quarter earnings plummeted nearly 90% to $224 million, weighed down by an even greater profit decline at Maersk Line due to downward pressure on container freight rates.
May 9, 2016XPO, Estes Agree to Pay $13 Million to Settle DOD Overcharge Claims
XPO Logistics Inc. and Estes Express Lines have agreed to pay a total of $13 million to settle overcharge claims in connection with the Defense Transportation Coordination Initiative program, a federal contract that was meant to lower military logistics costs.
May 9, 2016Shippers Feeling Railroaded With Prices Up Even as Freight Falls
All major North American railroads pushed through rate increases earlier this year even as freight fell the most since 2009.
May 5, 2016Expeditors Net Income Falls 9% on Lagging Freight Volume, Profitability
Expeditors International of Washington Inc. reported net income fell 9% to $96.6 million, or 53 cents per share, as air and ocean freight forwarding shipments and profitability declined.
May 3, 2016XPO First-Quarter Loss Narrows Slightly; Expeditors Profit Declines
XPO Logistics slightly reduced its first-quarter loss, excluding one-time costs, to $9.8 million, or 8 cents per share, while earnings slipped 9% to $96.6 million, or 53 cents, as airfreight and ocean forwarding results weakened.
May 3, 2016