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, 2018Search
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Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.
Marten Transport Posts Record Results in Third Quarter
Marten Transport Ltd. reported its best quarterly operating results ever, among the first of what is expected to be a string of bullish financial reports from trucking companies in the third quarter.
October 17, 2018Heartland Express Returns to Historical Levels of Profitability
Heartland Express Inc. is getting back to its old self. The North Liberty, Iowa-based truckload carrier has been battling to restore its historically rich profit margins after the acquisition of Interstate Distributor Co. in July 2017.
October 17, 2018J.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, 2018UPS Announces Hiring Blitz for Holiday Shipping Season
UPS Inc. plans to hire as many as 40,000 seasonal employees nationwide when it holds a one-day hiring blitz, the package delivery giant announced Oct. 15. UPS will hold 170 job fairs Oct. 19 and hire employees on the spot.
October 15, 2018Element Sells Stock, Winds Down Investment in Celadon Joint Venture
Element Fleet Management Corp. has sold 45 million shares of stock to a group of banks and investment firms for $300 million and will use the net proceeds to pay down debt and implement a plan to “meaningfully” improve the company’s financial performance and position the business for growth.
October 15, 2018Universal Expands Drayage Business With Purchase of Specialized Rail Service
Universal Logistics Holdings expanded its intermodal drayage business in the western United States with the purchase of Specialized Rail Service Inc. for $12.3 million.
October 15, 2018Teamsters Ratify Five-Year Contract With UPS
The International Brotherhood of Teamsters has ratified a new five-year contract with UPS Inc. for the company’s estimated 255,000 drivers and other employees who handle small freight.
October 11, 2018XPO 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, 2018The Integration Challenge
The cloud computing services offered by businesses such as Amazon Web Services, Google and Microsoft Azure have made integration easier to accomplish. But there's a catch: The task of integrating systems “is never-ending,” technology executives say.
October 3, 2018