Rail carloads were up 3.5%, or 35,208 carloads, to 1,048,293, and intermodal trailers and containers rose 6.9%, or 71,782 units, to 1,108,142.
The index ISM uses to measure non-manufacturing growth—known as the NMI–fell 3.4% to 55.7 (a reading above 50 indicates growth) in July. The July NMI is 2.3% below the 12-month average of 58.0. The PMI has now grown for 102 consecutive months.
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.
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.
The clothing retailer has laid out a strong supply chain sustainability strategy that can serve as a blueprint for other shippers to follow.
Each year, the Inbound Logistics Readers’ Choice Top 10 3PL Excellence survey gives shippers the chance to give a shout-out to providers that have taken on so much of their load. Here are the best of the best.
An overwhelming majority of executives say better weather-related insights can reduce costs and increase revenues.
Jabil is creating a digital network to manufacture 3D printed parts.
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.
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…Details