Logistics

Norfolk Southern (NYSE: NSC) reached an all-time quarterly record operating ratio (OR) in the first quarter amid a 7% increase in operating income. Norfolk Southern's (NS) OR was 61.5% in the first quarter of 2021, compared with an adjusted OR of 63.7% in the first quarter of 2020. On an...

On Wednesday morning, Austin, Texas-based freight brokerage Arrive Logistics announced that ATL Partners, a New York City-based private equity firm focused on aerospace, transportation and logistics, led a funding round of more than $300 million to become Arrive's largest minority owner. ATL...

The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight the bullish news from the Q1 earnings season, latest reports from Tesla and UPS and more. The High Five 1. While analysts took down estimates for the first-quarter earnings season, some...

While electrification might suit such transportation modes as trucking, many say rail might not be a good fit. Much of the effort to decarbonize the U.S. freight rail industry has focused on the use of battery-electric or hydrogen-powered locomotives. The industry is also looking into increasing...

Following weeks of criticism over its pricing, DoorDash (NYSE: DASH) has announced a new fee structure for restaurants using the service. The delivery service will roll out three price points in its Partnerships Plans, starting with a 15% commission option. Pickup commission costs will be lowered...

DSV Panalpina (DSV.C.DX) announced Tuesday it will acquire the logistics arm of Kuwait-based Agility Public Warehousing (AGLT.KW) for $4.1 billion (1.23 billion KWD). The deal will make it the third-largest freight forwarder globally. Agility's stand-alone Global Integrated Logistics (GIL) unit is...

Self-driving trucking software maker Plus will work with the natural gas joint venture Cummins Westport to apply its supervised PlusDrive system to a 12-liter natural gas engine, pairing what eventually could be driverless technology with a powertrain featuring near-zero carbon emissions. The...

Amazon (NASDAQ: AMZN) is expanding its in-garage grocery delivery service, Key by Amazon, to more than 5,000 U.S. cities and towns. The service was launched in November in five cities. "Customers who tried Key In-Garage Grocery Delivery have loved the service, which is why we're expanding it to...

Trends so far during the first-quarter earnings season are supportive of truckload carriers posting sizable growth in 2021. February's severe winter storms had many analysts lowering estimates for the quarter heading into the print. The assumption was network disruption and lost freight...

UPS Inc. (NYSE: UPS) reported Tuesday first-quarter diluted earnings per share of $5.47, with about half of that coming from a $2.4 billion net benefit from favorable adjustments to its pension costs from COVID-19 relief legislation signed into law last month. On the operations side, it was a...

It's no surprise that potential severe thunderstorms will soon return to the Plains and the Mississippi Valley. It is spring, after all, and severe storms hit these regions just four days ago. Truckers should be prepared to slow down or pull over at times during the next few days. A cold front...

The Association of American Railroads, data provider Railinc and agricultural shippers have joined forces to create an online portal aimed at improving visibility for covered hopper cars. The portal will provide shippers with information that will help them prevent potential cross-contact with...

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Online payment fraud is expected to increase to more than $20 billion in 2021, according to a new report from Juniper Research. Fraud reached $17.5 billion in 2020. The firm said e-commerce is making it easier for thieves to target consumers, especially as online sales grow at merchants that are...

The recent arrest of the Ever Given by the Suez Canal Authority has added to the complexity of the unloading of its cargo. While cargo owners deal with this latest legal wrench, American Shipper has learned more specifics about the products stuck on the Ever Given, as well as the overall number of...