Canadian railway CN’s adjusted net profit for the second quarter of 2021 grew over 16% year-over-year amid a nearly 14% increase in freight revenues. Adjusted net income for CN (NYSE: CNI) in the second quarter of 2021 was CA$1.06 billion,…
The Federal Maritime Commission plans to audit nine of the largest container carriers operating in U.S. markets to find out if they are using their market power to overcharge shippers on detention and demurrage fees. The Vessel-Operating Common Carrier Audit…
The Teamsters union now has a second contract in place with XPO. And the back-and-forth sniping on whether this is a “big deal” continues, with XPO (NYSE: XPO) putting out a succinct statement almost identical to what it said last…
Volvo Group lost about a month of truck production in Q2 because of the semiconductor shortage. But it still posted solid results as orders and deliveries soared compared with the pandemic-impacted year-ago quarter. Sweden-based Volvo (OTC: VLVLY) made no mention…
It’s going to be tough to match the stress the 2020 holiday shopping season put on the parcel delivery network, but continued COVID-19 spread and lack of capacity in freight networks could lead to shippers being out of luck again…
Kuehne + Nagel, the second-largest logistics provider in the world, on Tuesday said a huge surge in air and ocean shipments propelled earnings to new highs in the second quarter. The company generated 605 million Swiss francs (CHF) ($623 million)…
Surge Transportation is the fastest growing 3PL in the logistics space today. Based in Chicago and Jacksonville, they offer unrestricted access to almost all accounts, limitless territory, and a chance to be a key player in a growing company. To…
While quadrupling revenue and tripling its enterprise customers over the last few years, the transportation solutions provider Transfix has brought on elite executives, like recent hire WeWork’s Christian Lee, to help manage the company’s growth strategy. Transfix continued to add…
Headless commerce platform Fabric on Tuesday announced the closing of a $100 million Series B funding round led by Stripes, with additional participation from B Capital Group, Greycroft and existing investors including Norwest Venture Partners, Redpoint Ventures and Sierra Ventures.…
Last week, Interstate 16 (I-16) was closed in both directions between Exit 71 and Exit 78 following extensive damage to an overpass in Treutlen County. Early on the morning of July 15, a large dump trailer crashed into that bridge…
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