Supply chain logistics company Stord purchased the fulfillment services operation of Pitney Bowes’ e-commerce division on Friday, according to a report by The Information independently confirmed by FreightWaves. Terms of the acquisition weren’t immediately available, according to the report. The…
THE LATEST
Freight Waves
Universal Logistics’ Q2 trucking revenue increases 12.6% to $91M
Universal Logistics Holdings’ second-quarter results showed a 12% year-over-year increase in total revenue to $462.2 million, while earnings increased 30% year over year to $1.17 per share. The company surpassed Wall Street expectations of $461.4 million in revenue and EPS…
Truck driver charged in Ohio crash that killed 6, including 3 students
An Ohio truck driver is facing 26 charges, including aggravated vehicular homicide, after a November crash left six people dead, including three high school students. Jacob McDonald, 60, of Zanesville, was arrested July 18 after being indicted by a Licking…
Freight mix, terminal openings weigh on Saia’s Q2; stock drops 20%
Growing pains from building out a national network hampered Saia’s second-quarter results, sending shares of the less-than-truckload carrier more than 20% lower briefly on Friday. Incremental operating costs from the company’s terminal additions and a mix shift to lower-weight, retail…
CN main line reopens through fire-ravaged Jasper, Alberta
This story originally appeared on Trains.com. MONTREAL – Canadian National reopened its main line through Jasper, Alberta, this morning and began moving a backlog of traffic that had built up this week while wildfires threatened and ultimately engulfed part of…
How reverse logistics can help retailers avoid ring around the collar
The spend-crazy consumer has been both a blessing and a curse for the logistics industry. The positive is the additional volume of boxes being moved. The negative? Fraud, theft and rising logistics costs. We have heard stories about or know…
Running on Ice: An IPO gold rush for Lineage
This year’s Future of Freight Festival takes place Nov. 19-21 in Chattanooga, Tennessee. But it’s not your average conference. Sure, there are wonderful speakers and fireside chats. But that’s only half the fun. F3 is set up with half-days of…
Warehouse training goes virtual; fighting fraud in LA; Selling inspired | WHAT THE TRUCK?!?
[embed]https://youtube.com/watch?v=I77D7DFs63U&feature=oembed[/embed] On Episode 740 of WHAT THE TRUCK?!?, Dooner is talking about a pair of trucking companies in Miami that have filed for bankruptcy protection. Also in headlines, the Federal Motor Carrier Safety Administration says its hands are tied when…
Operational improvements propel Norfolk Southern’s second-quarter results
This story originally appeared on Trains.com. ATLANTA – Operational improvements helped Norfolk Southern win back service-sensitive intermodal and automotive traffic while driving down costs and boosting the railroad’s profitability in the second quarter. “While our work continues, our second quarter…
Kodiak’s autonomous course correction
If bragging rights matter, Kodiak Robotics gets them for the first-known driverless commercial freight delivery. But the feat achieved in early May was not what many had expected: a 53-foot dry van of consumer goods rolling 65 mph on a…