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BusinessLogistics

Metals Prices Reach Record as Shipping Costs Surge

Surging prices of the raw materials needed for refrigerators, automobiles, window frames and plumbing show no signs of abating as America鈥檚 supply chain crisis spills into another year.

February 7, 2022
BusinessLogistics

Amazon鈥檚 $191 Billion Jump Sets Record for Market Value Gain

Amazon.com Inc. shares surged 14% on Feb. 4, adding about $191 billion in market value, after investors cheered its fourth-quarter earnings report. The advance was the biggest single-day gain in U.S. stock market history.

February 4, 2022
BusinessLogistics

CFI Plans to Upgrade Tractors, Raise Pay

TFI International operating company CFI on Feb. 2 detailed plans to upgrade its fleet equipment and increase driver pay this year.

February 4, 2022
BusinessEquipmentLogisticsTop 100

Yellow Reports Mixed Q4, 2021 Results

Less-than-truckload carrier Yellow Corp. reported mixed year-over-year fourth-quarter and full year earnings.

February 3, 2022
GovernmentBusinessLogistics

Kansas City Southern Earnings Rise

As it undertakes a $30 billion merger, Kansas City Southern released its fourth-quarter and full-year 2021 financial report on Jan. 28.

February 3, 2022
GovernmentBusinessLogistics

Bulk Shipping Rates Extend Slide on Weak Demand From China

A slowdown in China鈥檚 steel production is curbing demand for bulk ships to transport iron ore, driving a steady decline in global freight rates from October鈥檚 peak.

February 3, 2022
BusinessLogisticsTop 50

C.H. Robinson Reports 55.7% Earnings Surge for Q4

C.H. Robinson Worldwide saw net income soar during the fourth quarter of 2021, the company reported Feb. 2.

February 2, 2022
GovernmentSafetyLogistics

Texas Braces for Deep Freeze With All Eyes on Power Grid

Cold and ice is set to sweep Texas, raising the risk of power outages and boosting energy demand in what will be the biggest test to the state鈥檚 electric grid since last year鈥檚 catastrophic blackouts.

February 2, 2022
BusinessLogistics

Port of Oakland Plans Pop-Up Terminal for Ag Exports

Beginning in early March, the Port of Oakland, with the help of the U.S. Department of Agriculture, will set up and operate a 22-acre, multimillion-dollar pop-up container yard specifically for agricultural exports.

February 2, 2022
BusinessEquipmentLogisticsTop 100

ArcBest Reports Strong Q4, Year on High Demand

ArcBest Corp. reported record profits and revenue for the fourth quarter and the full year thanks to surging freight demand.

February 1, 2022

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