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The post Daily Infographic: Amazon’s profit rebounds as cost-cutting measures pay off appeared first on FreightWaves.
With two big Teamsters-related issues grabbing the trucking headlines, it was no surprise that the focus of the State of Freight webinar for July was on Yellow Corp. and UPS. Here’s are five takeaways from the more than one-hour chat Thursday between FreightWaves CEO Craig Fuller and Director of Freight Market Intelligence Zach Strickland. (You can…
WASHINGTON — The White House has warned that the potential for higher shipping costs to affect the U.S. economy amid diversion of ships from the Red Sea will depend on how long Houthi rebels sustain their attacks on commercial vessels. “If we weren’t concerned, we wouldn’t have stood up an operation in the Red Sea,…
Freightos, a digital marketplace for air and ocean freight, reported adjusted losses before accounting measures increased 83% to $5.8 million in the first quarter due to ongoing investments in R&D and customer acquisition, despite transaction levels doubling. The results suggest that transactional fees are still too thin to overcome ongoing startup costs. A major slowdown…
Less-than-truckload carrier XPO beat first-quarter expectations Thursday and provided commentary that sent shares higher. XPO (NYSE: XPO) reported adjusted earnings per share of 56 cents, which was 10 cents higher than the consensus estimate and the first quarter of 2022. The result excluded transaction costs from the spinoff of its brokerage unit RXO (NYSE: RXO)…
Lawmakers from Pennsylvania and Ohio have introduced another rail safety bill in Congress that addresses rail car inspections and maintenance and calls for the Federal Railroad Administration to examine the causes of and mitigation strategies for wheel-related train derailments. The bill, called the Railway Accountability Act, was introduced by Pennsylvania Sens. John Fetterman and Bob…
Norfolk Southern President and CEO Alan Shaw didn’t start out working for the railroads. Shaw graduated from college with a degree in aerospace engineering and one of his first jobs was working in shipbuilding in Newport News, Virginia. In late fall 1989, about the time of the fall of the Berlin Wall, Shaw had gotten…