Robinson stanches margin compression with focus on profitable freight C.H. Robinson posted second-quarter adjusted earnings per share of $1.44, handily beating the Street’s consensus estimate of $1.31/share. Gross revenue for the second quarter came in at $5.5 billion, up 52.5%…
This is an excerpt from Medically Necessary, a health care supply chain newsletter. Subscribe here. Top line: After years of negotiations, several major drug distributors have proposed a $21 billion settlement to resolve a large number of claims that they contributed…
When will the container capacity crunch finally ease? For an early indicator, keep an eye on production of the humble 40-foot dry cargo box. If the volume and cost of new containers pull back, supply chain pressures are abating. Unfortunately…
Truck manufacturer PACCAR Inc. is sold out of Peterbilt, Kenworth and DAF Trucks around the world and has more than a third of the backlog of the industry’s unbuilt orders, the company said in reporting Q2 financial results Tuesday. The…
Western U.S. railroads Union Pacific and BNSF have been grappling with wildfires in California and Oregon that have closed portions of their networks. Current weather conditions aren’t helping either: The next couple of days will be hot and dry in…
The chair of the U.S. House Committee on Transportation and Infrastructure has come out against a proposed voting trust that Canadian railway CN (NYSE: CNI) would use to acquire Kansas City Southern (NYSE:KSU). The objection comes as other House members…
TFI International’s dramatic improvement to the profitability of the former UPS Freight business came as the Canadian company began confronting the “low-hanging fruit” of the LTL carrier’s unprofitable freight and shippers, CEO Alain Bedard said. “We just scratched the surface,”…
Interstate 17 (I-17) is another intrastate interstate (as are I-2, I-4, I-12, I-14 and I-16). It is 147 miles long and connects two of Arizona’s major cities – Phoenix and Flagstaff. How can I-17 and the other interstates listed above,…
The Port of New Orleans reported 140,391 total tons of breakbulk cargo during June, a 22% year-over-year increase from June 2020. Breakbulk shipments to the port included steel coils and heavy-lift/project cargo. On June 10, the port discharged 300 steel…
In 2020, the FreightTech startup FreightBro became the first platform to integrate into Maersk Spot, an online product for the global shipper that simplified the booking process for freight forwarders. This integration gave FreightBro’s customers access to real-time rates, backed…
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