UPS Inc. (NYSE:UPS) reported a 14% increase in second-quarter revenue to $23.4 billion, with adjusted operating income up 40.8% and diluted earnings per share up 43.7% to $3.05, 34 cents higher than the median estimates of analysts polled on Barchart.…
Matson Inc. is launching a new express vessel service into northern California Tuesday designed to help U.S. importers move stranded shipments from China as the ocean container market experiences ongoing bottlenecks that are doubling normal delivery times and leading to…
Buried in the U.S. House and Senate versions of highway reauthorization legislation currently being negotiated are provisions that would allow billions of dollars to be spent dismantling portions of the interstate highway system without replacing the lost transportation capacity. The…
Tesla Inc. (NASDAQ: TSLA) reported its first quarterly profit exceeding a billion dollars in the second quarter as growing vehicle sales soared past the money-making sale of pollution credits the electric vehicle maker has relied upon to post positive results. …
The benchmark Department of Energy/Energy Information Administration diesel price fell Monday for the first time in more than 12 weeks, even as wholesale and commodity prices last week soared after a Monday collapse. A decline of 0.2 cents a gallon…
TFI International (NYSE:TFII) handily beat analysts’ expectations in the second quarter as the Canada-based trucking and logistics company’s U.S. LTL division — formerly UPS Freight — achieved a remarkable level of performance. TFI reported adjusted net income of $137.2 million,…
Container and vehicle volumes at the port in Jacksonville, Florida, have been “strong” fiscal year-to-date, with vehicle volumes nearing pre-pandemic levels. The Jacksonville Port Authority (JAXPORT) is reporting that the port complex moved more than 1 million containers in the…
Amid all the talk of global warming, climate change-induced catastrophes, decarbonization and green finance, the global trade in “dirty” coal is enjoying an ironic renaissance. Bulk ships are busy transporting coal to Asia — and to eco-conscious Europe — boosting…
The Truckload Carriers Association (TCA) is launching a new trucking image campaign and is partnering with LaunchIt Public Relations to develop the program. Described as a comprehensive program focused on the image of the industry, the effort will focus on…
After reporting another record fiscal year of volume growth, the Port of Savannah’s near-term encore is likely to be somewhat muted. The nation’s fourth-busiest container port broke the 5 million twenty-foot equivalent unit barrier in its 2021 fiscal year, according…
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