Logistics
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Electrification could come at expense of internal combustion vehicles
Mass adoption of electric vehicles will happen when they are comparable in cost and performance to internal combustion vehicles.
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Demand for chartered air cargo remains strong
Phased reopenings around the world haven’t squelched demand for chartered services.
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Texas carrier, logistics firm file for bankruptcy
A small trucking company and a logistics firm filed for Chapter 7 bankruptcy protection in late July.
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Intermodal growth here to stay, says Hub Group
Hub Group’s second-quarter earnings beat was accompanied by the expectation for intermodal volume to increase in the high-single-digit range for the rest of the year.
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XPO sees OR tumble in LTL division in second quarter
The important barometer is down about 10 percentage points on decline in XPO LTL revenue that outstripped cutbacks in expenses.
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Schneider beats Q2 mark, guidance reinstated
“Cost containment” minimizes the impact of a 15% revenue decline during Schneider National’s second quarter. Guidance was reinstated higher than current consensus expectations.
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DHL injects $1.6M into new Indianapolis life sciences facility
DHL located a new life sciences warehouse in Indianapolis because the city has many pharmaceutical companies in the area.
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Parnity creates global networking platform for freight forwarders
Brazilian startup aims to provide tools for freight forwarders to create and maintain partnerships.
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UPS blows away estimates with stunning second-quarter results
UPS' quarterly results are much better than analysts anticipated.
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Werner model stands up during downturn
Werner Enterprises’ second-quarter result was much better than expected, with the carrier providing a favorable rate outlook.
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