Union Pacific’s net profit for the second quarter of 2021 rose by 59% from a year ago to $1.8 billion amid a 30% increase in operating revenue. Second-quarter net income was $1.8 billion, or $2.72 per diluted share, compared with…
The Bootleg fire is the largest in the country and is just one of dozens of large wildfires burning out West. As of Wednesday evening, the Bootleg fire had merged with the nearby Log fire and was scorching almost 400,000…
This is a developing story. More details to come. Uber Freight announced it will acquire Transplace for $2.25 billion — an acquisition that “will create one of the leading logistics technology platforms, with one of the largest and most comprehensive…
This summer is shaping up to deliver a very strong season for produce. With capacity as tight as it is now, many industry leaders are speculating that any difficulty in sourcing refrigerated trailers may impact the dry van segment as…
On July 7, Energy Fuels Inc. made its first regular shipment of a rare earth carbonate called monazite from the United States to Europe. The metal started in a mine in southern Georgia, then was shipped to a Utah processing…
Covenant Logistics Group (NASDAQ: CVLG) reported adjusted second-quarter earnings of 96 cents per share after the close Wednesday, ahead of the consensus estimate of 67 cents per share. Adjusted net income was $16.3 million compared to just north of $400,000…
Canadian trucking and logistics company Mullen Group (TSX:MTL) reported a double-digit jump in revenue in the second quarter Wednesday as it reaped the benefits of a strong freight market and acquisitions. The Alberta-based firm reported net income of CA$21.7 million…
Two environmental groups have thrown down the gauntlet to 15 of the world’s most prominent companies, demanding they achieve emissions-free ocean shipping by 2030, contractually agree to ship their goods on zero-emission vessels, and reject “false solutions” like liquefied natural…
Freight broker Landstar System (NASDAQ: LSTR) reported record quarterly revenue and net income for the 2021 second quarter Wednesday after the market close. The Jacksonville, Florida-based company posted $2.40 per share, exceeding its recently raised guidance, which called for earnings…
Triumph Bancorp’s second-quarter earnings report reflected that the bank — a leading supplier of funds to the trucking industry through factoring — is having no trouble collecting on its loans.It is having strong performance on its loans even as it…
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