Air cargo volumes increased 9.9% in June, capping the strongest annual first half for carriers since 2017 and giving the industry momentum heading into the traditional holiday shipping season, the International Air Transport Association reported Wednesday. The news was less…
SAIA’s record-breaking quarter, the latest in a string of blowout financial reports by LTL companies, drew rapid applause from Wall Street. At approximately 12:45 p.m Thursday, the stock of Saia (NASDAQ: SAIA) was up 8.36% to $221.82. That was the…
The modern Denver & Rio Grande Western Railroad There are many people interested in former transportation companies, whether they were trucking companies, railroads, airlines or ocean lines. They are called “fallen flags,” and the term describes those companies whose corporate…
What started as 140 characters and morphed into a destination platform for news and information as well as engagement with friends and like-minded individuals — is now embracing shopping. Twitter on Thursday announced Shop Module, a dedicated space atop a…
Ongoing strong demand for freight helped Schneider National report second-quarter adjusted earnings per share of 60 cents, 16 cents ahead of analysts’ expectations and 34 cents better than the prior-year result. Expecting “excess demand” for freight to continue the rest…
Canadian Pacific has a number of options it can pursue should the regulatory and market environments not be conducive to mergers and acquisitions, executives said during the railway’s second-quarter 2021 earnings call on Wednesday. Besides CP’s “unique origin strengths” and…
Despite the early-morning hour, 5:15 a.m. Thursday in the Netherlands, the Ever Given “arrived amid great interest,” according to a Port of Rotterdam statement. Normally a container ship’s arrival in port does not warrant a press release. But the case…
Chinese ride-hailing giant Didi (NYSE: DIDI) has denied a Wall Street Journal report Thursday morning that said the recently public company was considering a privatization plan to satisfy Chinese regulators. Citing “people familiar with the matter,” the WSJ said the…
Wabash National Corp. is ramping down traditional refrigerated capacity and converting the floor space to add 20% more dry vans by 2023, counting on freight demand lasting well beyond the current peak. “As we think about the past, present and…
Autonomous trucking software developer TuSimple will use some of Ryder System Inc.’s more than 500 maintenance terminals to stretch its supervised driverless freight network from Arizona to Florida by the end of the year. The addition of selected Ryder facilities…
Recent Comments