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Schneider’s Profits, Revenue Higher in Third Quarter

Schneider National Inc. reported higher revenue and profits in the third quarter, but not all of its business units shared in the bounty.

November 1, 2018

Universal Logistics Reports Best-Ever 3Q Results

Universal Logistics Holdings reported its best third quarter ever, following a trend of record-setting financial reports by freight carriers this year.

October 25, 2018

UPS, Seattle to Launch eBike Downtown Delivery Program

UPS Inc. and Seattle Mayor Jenny Durkan announced Oct. 25 the parcel delivery company will begin a pilot project aimed at reducing congestion downtown and addressing air quality concerns. Delivery drivers will use electric pedal-assist cargo bicycles with a customized modular trailer attached to the back of the bike.

October 25, 2018

UPS Reports Strong Revenue Growth, Higher Profits in 3Q

UPS Inc. reported strong revenue growth and higher profits in the third quarter, despite international headwinds from currency valuations, rising fuel costs and ongoing investment in transformation initiatives.

October 24, 2018

Amazon, FedEx, UPS Could Gain from Trump Threat to Leave Postal Union

U.S. e-commerce companies including Amazon.com and shippers such as FedEx Corp. and UPS Inc. stand to gain from the Trump administration’s move Oct. 17 to withdraw from an international postal agreement.

October 18, 2018

J.B. Hunt Revenue Soars, but Profits Lag in Third Quarter

J.B. Hunt Transport Services reported a big bump in revenue in the third quarter as higher rates boosted the top line for each of its four freight segments. Profits, however, did not keep pace as the company dealt with outstanding legal issues and absorbed start-up costs for several new large dedicated hauling contracts.

October 16, 2018

XPO Logistics Set to Acquire 5,000 Robots From Peter Thiel-Backed Startup

XPO Logistics Inc. will buy 5,000 warehouse robots from a Singapore startup backed by billionaire Peter Thiel as part of a deal that makes XPO the only logistics provider to use the technology in North America, the U.K. and eight other European countries.

October 3, 2018

Supply Chain Partners Focus on Efficiency to Improve Capacity

LONG BEACH, Calif. — High freight levels, decreased productivity and the driver shortage have contributed to tightened capacity, and carriers and intermodal providers said they are focusing on efficiency to meet supply chain demands.

September 25, 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

Schneider Executive Shaleen Devgun Named Adviser to Investment Firm 8VC

The connection between Schneider, one of the nation’s largest truckload and logistics service providers, and venture capital fund 8VC is deepening with the appointment of Shaleen Devgun, chief information officer and executive vice president at Schneider, as an adviser to the San Francisco-based investment firm.

June 4, 2018