Logistics
Business, Government, Technology, Equipment, Safety, Logistics

Allen Lund Co. Forms Joint Venture, TransKool Solutions

Allen Lund Co.

Allen Lund Co. has formed a joint venture with Santos International called TransKool Solutions, which will operate a temperature-controlled warehouse in McAllen, Texas, and offer brokerage services to transport produce and other refrigerated goods from Mexico to the United States and Canada.

Transport Topics
April 28, 2017
Business, Logistics

Universal Logistics Profits Fall in First Quarter Despite Higher Revenue

Universal Logistics Holdings Inc

Profits at Universal Logistics Holdings Inc. fell 42% year-over-year despite 9.2% growth in revenue during the same period, which the company acknowledged was due to problems with a few of its large value-added programs.

Ari Ashe | Staff Reporter
April 27, 2017
Business, Logistics

Union Pacific Profits Up 9.5%, Easily Beat Forecasts

Ken James/Bloomberg News

Union Pacific’s profits increased 9.5% to $1.07 billion dollars, or $1.32 per share, after strong results on a year-over-year basis in the coal, agricultural and intermodal transportation.

Ari Ashe | Staff Reporter
April 27, 2017
Business, Government, Logistics

American Consumers' Economic Expectations Strongest Since 2001

Kenny X. Li/Flickr

Consumer confidence rebounded last week as Americans became the most upbeat about the economy since 2001, the Bloomberg Consumer Comfort Index figures showed April 27.

Patricia Laya | Bloomberg News
April 27, 2017
Business, Logistics

Soft Pricing, Rigid Costs Diminish 1Q Profits for Hub Group

Hub Group

Sandwiched between “soft pricing” and unyielding costs, intermodal, trucking and brokerage company Hub Group reported a significant decline in first-quarter net income even as revenue increased.

Jonathan S. Reiskin | Associate News Editor
April 26, 2017
Business, Logistics

Truckload Profits Fall at TFI, Knight, Patriot Transportation; Rise at Forward Air

Truckload carriers continued to struggle as three out of four companies reported lower quarterly earnings versus 2016 levels as the industry struggles with excess capacity and lower prices.

Ari Ashe | Staff Reporter
April 26, 2017
Logistics

Norfolk Southern Profits Up 12%, Beat Analyst Estimates

Emmett Tullos/Flickr

Norfolk Southern Corp. announced that profits increased 12% in the first quarter as a result of strong rebounds in coal and intermodal business compared with early 2016.

Ari Ashe | Staff Reporter
April 26, 2017
Government, Logistics

Ed Hamberger of AAR on Infrastructure, Trucking Relationship

Ed Hamberger, CEO of Association of American Railroads, talks with TT's Eugene Mulero about his industry's interest in improving infrastructure and funding plans for it, as well as the relationship between the freight rail and trucking industries.

Transport Topics
April 26, 2017
Business, Logistics

Swift Suffers in First Quarter as Profits Plunge 84%

Sam Hodgson/Bloomberg News

Swift Transportation reported profits plunged 84% in the first quarter compared with 2016 as truckload carriers suffered from continued excess capacity and lower contract prices than they had hoped for this year.

Ari Ashe | Staff Reporter
April 25, 2017
Business, Safety, Technology, Government, Equipment, Logistics

Platinum Equity to Buy American Traffic Solutions

Platinum Equity has agreed to buy American Traffic Solutions, a company that provides red-light and speed safety cameras along with automated toll-payment and violation-management systems in the United States and Canada.

Transport Topics
April 24, 2017

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