Logistics service provider Expeditors International of Washington said its first quarter operating income jumped 25 percent, aided by higher airfreight volume from West Coast port congestion.
One developer is betting big on BNSF Railway’s Kansas City logistics park. NorthPoint Development this week announced the construction of a 822,104-square-foot speculative building at the park.
CEVA’s earnings were up almost a fifth in the first quarter higher air and ocean freight volumes and the benefits of a new business model offset significant exchange rate fluctuations
There’s a silver lining in every sky-high stack of containers — if you’re an expedited trucking company. For carriers that move goods quickly by any and all means possible, the container logjam that built up during the West Coast port labor dispute was simply a bonanza.
INTTRA is moving into a new market: selling data to the beneficial cargo owners that book cargo space through its e-commerce portal, to provide visibility into the movement of containers at every step on their ocean voyage..
Global contract logistics is forecast to expand at a compound annual rate of 6.8 percent through 2018, led by increases in Western Europe, the U.S, and China, according to a new survey by U.K.-based Transport Intelligence.
Major Japanese international freight forwarder Yusen Logistics Co. said that its group net profit more than doubled in the fiscal year ended March 31, as its revenue grew robustly and its strenuous cost-cutting efforts paid off.
UPS Freight is adding liquefied natural gas-powered tractors to its less-than-truckload fleet, cutting emissions and, hopefully, long-term term fuel costs. Shippers still want trucking partners to help them reach sustainability goals.
Indian logistics and trucking major Gati Ltd. says e-commerce growth helped drive consolidated net profit up 59 percent year-over-year in fiscal year 2014-15, which ended March 31.