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 news comes after Pitney Bowes (NYSE: PBI) announced Greg Zegras retired as president of the…
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 County grand jury for his role in a Nov. 14 crash that killed Dave Kennat,…
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 freight were a drag on margins during the period. Saia (NASDAQ: SAIA) reported second-quarter earnings…
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 of $1.14. “We grew top-line revenue by 12%, delivered a double-digit operating margin and increased…
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 the resort town. “After inspecting its infrastructure on Thursday afternoon, CN collaborated with the Unified…