Second quarter earnings growth for UPS was solid, the Atlanta-based transportation and logistics titan said earlier today. Quarterly revenue was up 9.6% annually at $17.5 billion, while earnings per share at $1.71 were up 8.2%, with net income up 7.3% at $1.485 billion.
Global express delivery and logistics services provider DHL said this week it has opened up a new Charleston, S.C.-based service center facility, which it said its almost triple of its previous facility in the area and designed to handle the company’s projected growth through 2025. DHL said this new $2.2 million, 16,200 square-foot facility, which…Details
With a 1.9 cent decrease, the average price per gallon is now $3.220. This follows a 0.4 cent decrease last week. Prior to the last two weeks of declines, the national diesel average was up 0.7 cents and 2.0 cents, respectively.
The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index fell 0.4%, to 113 (2015=100) from May to June, following a 0.4% April to May increase.On an annual basis, the SA was up 7.8%, which is ahead of May’s 7.4% annual gain. And on a year-to-date basis, SA is up 7.9%, which tops last year’s 3.8%…Details
Philip Damas, head of Drewry’s Supply Chain Advisors, notes in an exclusive interview that carrier capacity decisions are driven by trade profitability, ship utilization and other factors.
The most recent edition of the Cass Freight Index Report from Cass Information Systems continued to point to a very strong freight economy, with both freight shipments and expenditures finished the first half of 2018 in strong fashion.
XPO manages more than 6,000 pallets of life-sustaining supplies at two New York City facilities that are responsible for emergency distribution, adding that this program is the largest of its kind on a municipal level in the United States.
There is a lot to like about the current strength of the freight transportation and logistics economy.
CargoSmart Limited recently announced its initiative to develop a blockchain solution for shipment documentation to improve complex supply chain processes.
This was ahead of the 240,154 carloads for the week ending July 7, which was likely impacted by the July 4 holiday and ahead of the week ending June 30 at 270,916.