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The post Daily Infographic: Tesla prioritizing volume over profit appeared first on FreightWaves.
BNSF’s net profit for the first quarter of 2023 slipped 9% amid a 10% drop in carload volumes, the railroad’s parent company, Berkshire Hathaway (NYSE: BRK.B), reported Saturday. Net income was nearly $1.25 billion in the first quarter, compared with $1.37 billion year over year. Total revenues were $6 billion, up 1% from $5.97 billion…
CPG companies ask suppliers to stop buying palm oil from major producer The International Federation for Human Rights (IFHR) wrote an open letter to the CEOs of numerous consumer packaged goods companies — including Pepsi, Nestle, Mondelez, Unilever, Procter & Gamble and others — imploring them to eliminate palm oil from their supply chains that…
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ArcBest saw continued volume pressure in the fourth quarter as it transitions its less-than-truckload business away from transactional shipments to loads from its core customers following Yellow’s shutdown. The mix change has been a headwind to revenue but supportive of margins. ArcBest (NASDAQ: ARCB) reported adjusted earnings per share of $2.47 on Tuesday ahead of…
Every week, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago. This article comes from the May 1991 issue of American Shipper and celebrates the launch of what at the time was a cutting-edge technology — radio frequency. The article is…
The port of entry in Laredo, Texas, regained the No. 1 spot among the nation’s 450 international gateways for trade in February. It’s the first time since February 2020 that Laredo was the No. 1 overall trade port in the U.S. Laredo recorded $24.6 billion in two-way trade, with Mexico commerce accounting for $23.9 billion,…