YRC, which controls long-haul YRC Freight and LTL regional carriers New Penn, Reddaway and Holland, reported a slight dip in second quarter net income of $14.4 million on $1.33 billion revenue, compared with net earnings of $19 million on $1.26 billion revenue in the year-ago quarter.
Second quarter revenue was up 16% annually to $4.36 billion, and quarterly net income attributable to common shareholders coming in at $137.5 million, which topped $47.6 million for the same period a year ago.
Jabil is creating a digital network to manufacture 3D printed parts.
An overwhelming majority of executives say better weather-related insights can reduce costs and increase revenues.
With 58% of shippers committed to their enterprise resource planning (ERP) vendors, the key players are casting an even bigger shadow on the supply chain management space.
Even with some sequential spot market rate declines in July, recent data issued Portland, Oregon-based DAT, a subsidiary of Roper Technologies, showed that they remain in line with the strong rate momentum that has been evident in 2018. The healthy market is reflective of various ongoing factors, including tight capacity, solid economic demand, and a…
Risk, loss and damage are facts of life when shipping ocean cargo, so why is the evaluation of cargo insurance so often overlooked? Our risk consultant offers practical tips that can protect your company from catastrophic loss—and help you get a better night’s sleep.
The report’s key metric, the PMI, fell 2.1% to 58.1 (a reading of 50 or higher indicates growth) and has now grown for 23 consecutive months, with the overall economy now having grown for 111 months. July’s PMI is now 1% below the 12-month average of 59.1.
Three prominent maritime experts share insight into the current ocean cargo arena— a freight sector that’s navigating from one crisis to the next.
While air cargo volumes continue to stage a modest uptick, shippers are now waiting to see how the introduction of larger freight aircraft might serve to sustain this growth. At the same time, shippers need to keep an eye on which domestic airports are prepared to handle more capacity and the new demands driven by…