Daily Infographic: New container prices are still rising
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July 29, 2021
Uncategorized
Northwest triple-digit heat wave coming this weekend
Only a month after a record-shattering heat wave hit the Northwest, another will build over the next few days. In late June, all-time record highs exceeding 110 hit several cities, large and small. Daily records were tied or broken for…
July 29, 2021
Uncategorized
Court decision serves as primer on pitfalls, possibilities of truck leasing
Thinking of leasing a truck to become your own boss? If you read a recent decision from a federal court in Colorado, you may think twice about it. Or you may not. In fact, you may conclude that it’s absolutely…
July 29, 2021
Uncategorized
Highways, ports get $2B boost in Biden infrastructure deal
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.…
July 29, 2021
Uncategorized
2 Port Houston terminals remain closed due to hardware failure
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…
July 28, 2021
Uncategorized
XPO ends an era with strong Q2 results
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…
July 28, 2021
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PayPal beats Q2 2021 earnings estimates, misses on revenue
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…
July 28, 2021
Uncategorized
Broad supply chain issues behind international intermodal container delays: NS
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.…
July 28, 2021
Uncategorized
Old Dominion wants truckload freight to spill over onto someone else
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…
July 28, 2021
Uncategorized
Biden spotlights computer chip shortage on visit to Mack Trucks plant
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…
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