The trucking and logistics company’s operating revenues for the first quarter of 2018 surged 20.6 percent year-over-year to $156.7 million.
U.S. GDP growth sputters
The annual growth rate of 2.3 percent in the first quarter is down from 2.9 percent the previous quarter.
ONE carriers post choppy FY 2017 results
NYK Line, MOL and “K” Line, which combined forces April 1 as the Ocean Network Express (ONE), reported a combined loss of $136.6 million in their last fiscal period as separate entities.
Old Dominion moves up a gear in Q1
The less-than-truckload motor carrier posted an on-time delivery rate of 99 percent during the quarter as well as higher net income and revenues.
U.K. eyes post-Brexit freight transport
The Parliamentary Transport Committee has requested industry input for its review of potential effects on freight transport operations and infrastructure as the country splits from the European Union.
Executive Moves: Specialized Carriers, Air Partner
An industry association elects 2018-19 officers and Air Partner appoints interim chief financial officer.
Senate confirms new Secretary of State
Former CIA director Mike Pompeo gets the nod in a 57-42 vote.
Shocker: Amazon Q1 Earnings Nearly Double; Stocks Surge
Amazon, we get it (you can wipe that smirk off your box now)
The post Shocker: Amazon Q1 Earnings Nearly Double; Stocks Surge appeared first on Accessories Magazine.
Bolloré denies corruption charges
A logistics powerhouse in Africa, the French company allegedly “provided discounted communications advice” in Guinea and Togo in exchange for licenses to operate container ports.
GEODIS opens office in Uganda
The Kampala location will focus on the surge of industrial projects in East Africa.