Less-than-truckload carrier XPO reported another earnings beat as revenue and margins stepped higher again in the second quarter. Adjusted earnings per share of $1.12 came in 11 cents better than the consensus estimate and 41 cents higher year over year. The adjusted result excluded transaction and restructuring costs of 22 cents per share as well…
A key trucking artery in New York is the site of a crackdown on overweight vehicles to help as the city figures out what to do with its failing infrastructure. Early reports say that the policy has significantly reduced the number of oversize vehicles on the road. The highway in question is the cantilevered section…
The trucking industry faces countless risks and challenges, from accidents and cargo damage to rising insurance premiums. As traditional insurance costs continue to climb, many trucking companies are exploring alternative risk management strategies. One increasingly popular option is group captive insurance, a self-insurance model that can offer greater control, cost savings and customized coverage. What…
This story originally appeared on Trains.com. WASHINGTON — Weekly U.S. rail volume showed a solid increase for the seven days ending July 27, with overall traffic up 5.3% over the same period a year earlier. Statistics from the Association of American Railroads show railroads moved 508,496 carloads and intermodal units for the week. That includes…
Cargo business at publicly traded passenger and combination airlines showed improvement in the second quarter from the prior three months as the recovery from a prolonged freight downturn fully took hold this year, according to earnings results released so far. Lufthansa Cargo’s operating profit dipped 3% in the second quarter as rising expenses and lower…