Canadian trucking and logistics company Mullen Group (TSX:MTL) reported a double-digit jump in revenue in the second quarter Wednesday as it reaped the benefits of a strong freight market and acquisitions. The Alberta-based firm reported net income of CA$21.7 million…
Two environmental groups have thrown down the gauntlet to 15 of the world’s most prominent companies, demanding they achieve emissions-free ocean shipping by 2030, contractually agree to ship their goods on zero-emission vessels, and reject “false solutions” like liquefied natural…
Freight broker Landstar System (NASDAQ: LSTR) reported record quarterly revenue and net income for the 2021 second quarter Wednesday after the market close. The Jacksonville, Florida-based company posted $2.40 per share, exceeding its recently raised guidance, which called for earnings…
Triumph Bancorp’s second-quarter earnings report reflected that the bank — a leading supplier of funds to the trucking industry through factoring — is having no trouble collecting on its loans.It is having strong performance on its loans even as it…
As prices for newer used trucks keep accelerating, older used trucks in rougher shape began appearing in June auctions, commanding less money but filling a yawning gap in capacity. Pricing for lower-mileage trucks remains sky-high, according to J.D. Power Valuation…
The sale of property rights of CSX-owned line segments in Virginia more than doubled CSX’s net profits for the second quarter of 2021 compared with a year ago. The eastern U.S. railroad posted net earnings of $1.17 billion, or 52…
The Federal Maritime Commission asked lawmakers to boost its budget to help enforce Shipping Act regulations governing detention and demurrage practices as the agency intensifies its oversight of container lines. Testifying on his agency’s FY2022 budget before the House Transportation…
SEKO Logistics tells American Shipper it is expanding its logistics footprint by chartering vessels. The logistics provider began chartering the box ships in July. “We are looking to charter one or two vessels a month,” explained Brian Bourke, the company’s…
How can drivers determine if dark clouds on the horizon may signal severe thunderstorms capable of producing tornadoes, hail or powerful winds? Detecting severe storms often requires sophisticated equipment, but truckers can use their senses to make a close prediction…
When it comes to optimizing last-mile delivery, attention is mostly focused on maximizing delivery driver hours and end consumer satisfaction. What many do not consider is the staff and infrastructure needed to facilitate these deliveries at the 21.9 million apartment…
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