C.H. Robinson Worldwide on Oct. 30 reported profit and sales declines that were worse than expected due to excess shipping capacity and waning demand.
October 30, 2019Logistics News
For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
Forward Air Reports Profit Dip, Robust Revenue
Forward Air Corp. reported strong third-quarter earnings, including skyrocketing revenue, when the Greeneville, Tenn., company announced financial results Oct. 24.
October 30, 2019Duluth Port Breaks Record for Wind Turbine Parts
The sheer volume of wind turbine blades, towers and other parts moving through Duluth, Minn., in 2019 surpassed record tonnage totals this week by reaching 306,000 freight tons.
October 30, 2019Saia Reports 37th Consecutive Quarter of Growth
Saia Inc. reported mixed third-quarter financial results Oct. 30, missing Wall Street’s expectations for earnings but surpassing analysts’ forecasts for revenue.
October 30, 2019Swift Logistics to Close Pennsylvania Warehouse
Swift Logistics will close its warehouse in Springettsbury Township, Pa., on Dec. 31, and 56 employees will be laid off.
October 30, 2019USDA Final Interim Rule Affirms Interstate Transport of Hemp
The U.S. Department of Agriculture on Oct. 30 announced its final interim rule supporting a 2018 hemp legalization law that will allow the interstate transportation of hemp without interference from the states.
October 30, 2019Canadian Carrier Mullen Sees Q3 Earnings Decline as Oil Shipments Fall
Canadian carrier Mullen Group Ltd. posted a 6.4% decline in net income in the third quarter, to C$20.5 million or 20 cents per share, according to a company news release Oct. 24.
October 30, 2019Convoy Tries to Navigate Some Uber-Scale Problems
Convoy risks drawing comparisons to Uber in less flattering ways: drivers grousing about getting squeezed and a business model that has yet to turn a profit.
October 29, 2019Amazon’s Transportation Costs Surge in Q3; Financial Results Mixed
Amazon.com’s shipping costs skyrocketed 46% year-over-year in the third quarter to a record $9.6 billion, an increase of more than $500 million over what the online retail giant spent during the same period in 2018.
October 29, 2019Waymo CEO Sees Driverless Trucking Catching on Faster Than Taxis
True driverless cars have arrived from Waymo, the self-driving unit of Alphabet Inc., but the company’s chief executive officer says robot ride hailing may not be the first form of automotive autonomy to take off commercially.
October 29, 2019Trending
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