Quarterly revenue was up 10% at $17.1 billion, while earnings per share at $1.55 matched Wall Street estimates while posting a 17% annual gain. Net income rose 15% to $1.3 billion. UPS Revenue Report, UPS Earnings 2018 Quarter 1
Reasons cited by FTR for the difficult market shippers are dealing with included rising regulatory pressures, coupled with the capacity required for a “hot” freight market slow to increase in the first quarter, which subsequently added pressure on rates.
INTTRA maintains that the ocean cargo industry has moved beyond the “digitization tipping point,” and is on the verge of advancing from innovation to action.
Carloads headed up 3.5% to 264,522, and intermodal containers and trailers rose 8.9% annually to 274,873.
Port of Oakland containerized fresh fruit and vegetable shipments have surged by 36 percent since 2013, according to data released today.
With a 2.9-cent increase, the average price per gallon for diesel now stands at $3.133 per gallon, marking the fifth consecutive weekly increase. During this period, the average has seen a cumulative 16.1-cent increase and it has gone up 9.1 cents since the week of April 9.
Based on news issued by the United States Department of Transportation, the TIGER program may have roared for the final time. The reason for that comes from a Notice of Funding Opportunity issued by the DOT to apply for $1.5 billion in discretionary funding through the Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary…Details
The ATA’s advanced seasonally-adjusted (SA) For-Hire Truck Tonnage Index dropped 1.1% from February to March to 110 (2015=100), following a 0.8% (revised from a 2.6% decline) January to February decline.
Global freight transportation and logistics services provider XPO Logistics Inc. announced two significant executive appointments this week, with the hiring of Kenneth Wagers as chief operating officer, a position in which he will oversee XPO’s operations in 32 countries, and former chief operating officer and transportation segment Troy Cooper earning a promotion to president, which…Details
Cushman & Wakefield report says there is no sign of slowing in the industrial real estate market
In the first quarter, Cushman & Wakefield said that United States industrial markets absorbed 56.9 million square feet, which marks the fourth strongest start to a year in the last 30 years, with 2016, a record year, and previous cycle highs in 2007 and 1999 seeing higher absorption rates.