International Logistics

After hitting record gross revenue and net revenue in the second quarter, Echo Global Logistics sees more opportunity in helping shippers secure space in an increasingly tightening market.

The strengthening U.S. economy, a second-quarter surge in freight and higher rates boosted revenue and profit at Con-way’s less-than-truckload, logistics and truckload divisions.

China shoe factory
China will remain the clear leader in U.S. footwear imports even as Vietnam and other countries nibble away at its market share, according to a new forecast by the Footwear Distributors and Retailers of America.

More shippers contracting with C.H. Robinson Worldwide shifted loads from railroad to highway in the second quarter after seeing intermodal rail service deteriorate.

XPO Logistics will add more than half a billion dollars in revenue to its top line by acquiring New Breed Logistics for approximately $615 million.

DSV flags
DSV today became the latest top 10 freight forwarder to post market-beating growth in ocean container traffic as the consolidation of the fragmented global logistics industry gathers pace.

UPS package vehicle
Strong business demand for package and freight transportation drove volumes and revenue higher at UPS in the second quarter.

Transport Corp. of India reported its net income in the first fiscal quarter, from April to June, was $2.7 million.

State-owned rail operator Container Corp. of India has reiterated its confidence in being able to clear the import backlog at Jawaharlal Nehru Port Trust (Nhava Sheva) through greater coordination with all stakeholders.

As trucking companies strive to improve efficiency and streamline operations, shippers that actively help motor carriers improve productivity and profitability are the most desirable business partners, according to a new survey by Transplace.