By Alan Amling Editor’s note: The dust has barely settled on the tentative five-year contract reached Tuesday by UPS Inc. and the Teamsters union. There is no shortage of opinions. One of the more informed is that of Alan Amling, who spent 27 years at UPS, retiring in 2019 as vice president of corporate strategy….
Container flow in June slipped in Houston, while the global demand for crude oil continued to fuel the flow through Corpus Christi. The Port of New Orleans reported plastic resins, chemicals and coffee as their top containerized cargo during the month. Steel cargo continues to boost Port Houston volumes Port Houston handled 315,983 twenty-foot equivalent…
Union Pacific has named former COO Jim Vena as its new CEO and promoted Beth Whited, its current sustainability and strategy EVP, to serve as the Class I railway’s president. The changes will become effective Aug. 14. UP (NYSE: UNP) on Wednesday morning also announced the appointment of two new members to its board of…
Trailer and body builder Wabash reported record second-quarter earnings despite lower trailer deliveries and only a modest increase in truck body deliveries. Highlights included: Quarterly revenue of $686.6 million versus $642.7 million a year ago. Record operating income of $103 million with an operating margin of 15% on strong material margin and favorable product mix….
Hawaiian Airlines received the first of 10 Airbus A330-300 converted freighters at its Honolulu base earlier this month and will begin flying it under contract to retail giant Amazon in October, CEO Peter Ingram said Tuesday during a phone briefing about the company’s second-quarter results. The carrier will spend the next few months familiarizing air,…