A bipartisan group of senators negotiating with President Joe Biden boosted new funding for highway and port infrastructure each by $1 billion from an initial framework announced in June, according to a new fact sheet released by the White House.…
Port Houston halted operations Tuesday at its two main public container terminals due to a major hardware failure, officials said. The issues at the Bayport and Barbours Cut terminals were first reported Tuesday, just before the gates were set to…
XPO Logistics Inc. (NYSE:XPO) has ended a remarkable 10-year run with a bang. In its last reporting quarter as a consolidated entity, the Greenwich, Connecticut-based transport and logistics concern reported second-quarter revenue of $5.04 billion, a quarterly record. Earnings before…
Total second-quarter revenue jumped 19% year-over-year for PayPal (NASDAQ: PYPL), falling slightly short of analyst expectations. The company’s shares saw an 8% drop after the close. The company said net revenue was $6.24 billion and total payment volume (TPV) increased…
Old Dominion Freight Line Inc. has sent a message to truckload carriers that want the LTL operator to haul their so-called spillover freight: Don’t call us and we probably won’t call you. Like many LTL carriers, Old Dominion (NASDAQ:ODFL) isn’t…
President Joe Biden highlighted a production problem that Mack Trucks and other truck manufacturers have been facing this year because of a global shortage of computer chips that enable engine operations. On a tour of Mack Trucks’ assembly plant in…
Echo Global Logistics (NASDAQ: ECHO), the Chicago-based freight brokerage, reported financial and operating results for the second quarter of 2021 on Wednesday after markets closed. The continued recovery of freight volumes and much higher trucking rates led to a record-breaking…
The challenges in timely delivery of international intermodal containers are more about the wider congestion issues facing the supply chain and less about any capacity limitations on Norfolk Southern’s network, executives said during NS’ second-quarter 2021 earnings call on Wednesday.…
Canadian Pacific’s second-quarter 2021 revenues were a record CA$2.05 billion amid revenue gains for coal, automotive and intermodal. Second-quarter 2021 revenue was up 15% from CA$1.79 billion in the second quarter of 2020. One Canadian dollar equals about 80 cents…
Canadian bulk carrier Trimac Transportation announced Wednesday it has acquired technology-driven freight brokerage Zengistics Inc. Terms of the deal were not disclosed. “This is an exciting benchmark in our Trimac history and we are delighted to partner with such a…
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