Union Pacific Corp. reported record 2019 second-quarter income of $1.57 billion, or $2.22 a share, July 18. This compares with $1.5 billion, or $1.98 per share, in second-quarter 2018.
Most of the nation’s seaports reached the halfway point of 2019 reporting increased volume in 20-foot equivalent units (TEUs) compared with a year ago, which was a banner year for moving cargo.
One of the trucking industry’s leading economists says the abrupt shutdown of New Brighton, Minn. -based carrier LME Inc. is an indication that trucking companies that are poorly run could be in deep trouble if the economy slows.
The head of the American Association of Port Authorities, Kurt Nagle, is stepping down after more than three decades with the group, and is handing the reins to industry veteran Chris Connor.
A leading trucking official said “there is definitely a shift going on” for the industry to address its critical shortage of technicians.
DHL Global Forwarding USA is rapidly moving to increase the amount of medical, life sciences and pharmaceutical freight — especially temperature-controlled items — it is forwarding around the world.
During the first quarter of this year, cargo thefts in the United States rose 25% to 144 reported incidents, with the average loss for each occurrence rising 1% to $116,717, according to a report from the SensiGuard Supply Chain Intelligence Center.
FedEx Corp. after the closing bell June 25 reported total revenue of $17.8 billion in its fiscal fourth quarter ending May 31, compared with $17.3 billion for the same period in 2018.
As America’s ports handle larger amounts of cargo from bigger container ships, the ports are in a building boom. But the cost of expanding could get more expensive if a Trump administration plan to impose 25% tariffs on ship-to-shore cranes manufacture…
Tonnage took a 6.1% decline in May, according to American Trucking Associations’ For Hire Truck Tonnage Index. Compared with May 2018, the seasonally adjusted index increased 0.9%, the smallest year-over-year gain since April 2017.