FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. 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. In this edition, from the April 1980 issue of American Shipper, FreightWaves revisits a firsthand…
Leisure carrier Sun Country Airlines has not suffered any cutbacks in flight hours for its secondary cargo business for Amazon, management said Friday, setting it apart from most express parcel operators and partner airlines that have adjusted aircraft utilization to match lower demand. Instead, Minneapolis-based Sun Country (NASDAQ: SNCY) reported first-quarter cargo revenue increased 11%…
Universal Logistics Holdings’ first-quarter financial results show year-over-year decreases in its trucking, brokerage and intermodal segments. “Despite the significant headwinds we faced in our transactional transportation services, the transportation and logistics community saw a first quarter wrapped in inventory restocking, excess capacity and low demand for consumer goods,” Tim Phillips, Universal Logistics CEO, said during…
Transportation and logistics provider ArcBest is relying more on transactional freight to keep its network full as demand has cooled. The company recorded shipment growth in both its asset-based and asset-light segments during the first quarter, a stark contrast to reports from its competitors. However, the strategy comes with lower yields, which had some analysts…
Container volume is finally settling, and just like the churning of sediment in water, once it settles you have more clarity. The impact of the movement of trade to the East Coast and Gulf ports can no longer be denied in the railroad data. Anyone following the flow of trade through ocean freight orders would…