Carloads, at 265,338, were up 3.8% annually, which trailed the 271,201 for the week ending July 14 and the 240,154 carloads for the week ending July 7, which was likely impacted by the July 4 holiday.
FedEx subsidiary FedEx Express announced this week that it has rolled out a new flight into and out of Hanoi, Vietnam, which will connect the country’s capital to the FedEx APAC (Asian Pacific) hub based in Guangzhou, China.
Just because Rep. Bud Shuster (R-Penn.), Chairman of the House Transportation & Infrastructure Committee, is retiring from Congress at the end of his current term does not mean he is mailing it in. In fact, it appears to be quite the opposite, especially given the myriad details proposed this week under his leadership to remedy…Details
Based on comments made by its executives on yesterday’s second quarter earnings call, Peak Season prospects for global transportation and logistics bellwether UPS appear to be solid. That is a good thing, considering the strong economic outlook, driven by ongoing e-commerce activity, strong retail sales, and consumer spending, among other factors.
Total revenue, at $1.033 billion saw a 23% annual gain, with LTL services revenue up 23.2% to $1.018 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
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.
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.