Logistics News
XPO Posts First Full-Year Profit Since Jacobs Took Helm in 2011
XPO Logistics posted its first full-year profit with Bradley Jacobs at the helm of the organization and also was profitable in the final quarter owing to strength in the less-than- truckload division.
February 27, 2017Fleets Add Record Number of Trailers in 2016, While Truck Registrations Fall, IHS Says
While 2016 was a trying year for truck makers, U.S. fleets invested heavily in trailers and put more of them into business than ever before, according to a report on vehicle registrations from IHS Automotive.
February 27, 2017Maverick鈥檚 Vaughn Named Transport Topics鈥 First Recruiter of the Year
NASHVILLE 鈥 Brad Vaughn, vice president of recruiting for Maverick Transportation of North Little Rock, Arkansas, was named the winner of Transport Topics鈥 first Recruiter of the Year award as the Recruitment and Retention Conference concluded here on Feb. 24.
February 24, 2017Dry Van Demand Sends Trailer Orders Surging
U.S. net trailer orders in January shot up 92% year-over-year to almost 33,000 as dry van demand surged ahead, much as it has since November, ACT Research Co. said.
February 23, 2017XPO Logistics Notches First Full-Year Profit Since 2011
XPO Logistics posted its first full-year profit of the Brad Jacobs era, with net income of $63.1 million, or 53 cents a share, compared with a $245.9 million loss in 2015, or $2.65, the company said Feb. 21.
February 22, 2017Expeditors' Volumes Rise as Rates Hinder Profits
Fourth-quarter business boomed, but profits dipped at freight forwarder Expeditors International as roller-coaster pricing made management difficult, the Seattle-based firm said in its Feb. 21 earnings statement.
February 21, 2017CEO of CSX to Retire as Hunter Harrison Negotiations Continue
The shakeup at CSX Corp. took another twist Feb. 21 when current CEO Michael Ward and President Clarence Gooden announced they're leaving the railroad at the end of May, another wrinkle that could affect the push from private investor Paul Hilal to install former Canadian Pacific CEO Hunter Harrison as CSX鈥檚 top executive.聽The company also announced 1,000 layoffs.
February 21, 2017Opinion: Does the $75,000 Broker Bond Make Sense?
Brokers, freight forwarders and nonvessel operating common carriers, or NVOCC, are required by federal law to carry a surety bond in the event they fail to pay the carrier that performs the move on the shipments they broker. On Dec. 1, 2013, the $75,000 broker bond went into effect 鈥 up from the previous bond requirement of $10,000.
February 20, 2017Editorial: Young Minds, New Roads
Coming soon to a theater near you: How to build roads and bridges. The American Society of Civil Engineers last week screened a documentary titled, 鈥淒ream Big: Engineering Our World,鈥 which spotlights efforts to encourage young people to pursue careers in engineering. Included in that mix are bridge and road design, fields that 鈥 if recent data are any indication 鈥 will require expertise for years to come.
February 20, 2017XPO鈥檚 Jacobs Sees E-Commerce as Key to Robust Growth in 2017
KEY BISCAYNE, Fla. 鈥 XPO Logistics Inc. CEO Brad Jacobs won鈥檛 rest on turning a profit with a company that lost money as recently as 2015, telling Transport Topics that he鈥檒l 鈥渄ouble down鈥 on growing on the e-commerce wave through contract logistics, less-than-truckload and last-mile delivery services.
February 20, 2017