Topic: Logistics

Total quarterly revenue for Greenwich, Conn.-based XPO was up 57.2 percent annually to $3.7 billion, and net income was $13.8 million, or earnings per share of $0.11, which was up sharply from a net loss of $93.4 million or $0.94 per share a year ago.

Over the last 20 years, the volume of oil consumed per unit of real GDP has contracted on a very consistent basis; consequently, the global economy could grow at more than 2% per year without oil demand rising. Meanwhile shale oil producers—the world’s swing producers—are increasing well productivity at double-digit rates.

A 30-day extension of the public comment period for the Department of Transportation’s (DOT) and the National Highway Traffic Safety Administration’s late August proposal calling for the requirement of electronic limiting of truck speeds was made official yesterday by the federal agencies.

This slight increase snapped a stretch of annual declines for the total value of U.S.-NAFTA freight, going back to December 2014. And it comes off of July 2016’s $76.7, which stands as the lowest monthly amount going back to February 2011.

In an increasingly interconnected world, where trade is a core component of economic activity, creating a more seamless global supply chain is now vital. A new generation of tech-savvy freight forwarders may be creating just the right amount of disruption the industry needs to improve synchronization. Freight forwarders optimization

Prior to Fashion Week earlier this fall in New York City, LM Group News Editor had a chance to talk with Greg Hewitt, CEO of DHL Express U.S, about his company’s involvement and role in Fashion Week from a logistics and supply chain perspective.

XPO Logistics said has sold its truckload business to TransForce Inc., a Montreal-based transportation and logistics services provider, for roughly $558 million in cash, subject to customary payments.

Multi-regional less-than-truckload (LTL) carrier Saia, the ninth largest U.S. LTL carrier serving 34 states, announced this week that it plans to extend its network into the Northeast, effective next year.

Quarterly revenue was up 4.9 percent annually at $14.9 billion, and earnings per share saw a 3.6 percent gain to $1.44, which matched Wall Street expectations. Among the drivers for the company’s strong quarterly performance were gains in domestic deliveries driven by e-commerce, strong deferred air shipments and next-day air, international daily package growth and an increase in daily export shipments, among other factors.

A strategic partnership between Chicago-based project44, a technology services provider offering standardized, secure Web service API (application programming interfaces) integrations enabling 3PLs and shippers to connect with carriers in real time, and Boulder, Co.-based 10-4 Systems, a logistics technology services provider of real-time visibility into supply chains was announced by the companies today.

Carloads were down 6.1 percent annually at 262,702, and intermodal containers and trailers were off 2.2 percent annually at 269,234.

Management consultants at McKinsey & Company, maintain that the parcel market in the U.S. is set to double by 2025, with Same-day delivery and instant delivery to accounting for one-fifth of the demand. Furthermore, a new study reveals that one in two customers is willing to pay extra for faster delivery.

Management consultants at McKinsey & Company, maintain that the parcel market in the U.S. is set to double by 2025, with Same-day delivery and instant delivery to accounting for one-fifth of the demand.

Dynamic decision making is made possible through accurate, actionable data. When combined with progress in data science and the Internet of Things, technology companies that add value to direct-to-carrier APIs and combine them with high-power data analytics will create new concepts for the information economy.

美国铁路协会(AAR)报告ed this week that United States rail carload and intermodal volumes again saw annual declines for the week ending October 8.

Warehouse workers for freight transportation and logistics services provider XPO Logistics in North Haven, Connecticut and drivers for XPO in Aurora, Illinois both voted for Teamster representation.

Union-represented aircraft mechanics and other worker for UPS are taking UPS to task, saying yesterday that as they head into contract negotiations with UPS, the company is calling for a massive reduction in both active and retiree health benefits for 1,200 maintenance workers.

平均价格每加仑的柴油汽油shot up 5.6 cents to $2.445 per gallon, the Department of Energy’s Energy Information Administration (EIA) said this week.

平均价格每加仑的柴油汽油shot up 5.6 cents to $2.445 per gallon, the Department of Energy’s Energy Information Administration (EIA) said this week.

Green Bay, Wisconsin-based Schneider said it plans to pursue an initial public offering (IPO) of common stock in 2017, subject to satisfactory market conditions.