NEW YORK — Amazon reported strong results for the first quarter, driven by growth in its cloud-computing unit and a new surge of advertising dollars from its Prime Video streaming service.
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Check out Transport Topics' updated Top 100 list of the largest logistics companies in North America, and explore how the industry's top players have adapted to a tough freight market and are preparing for the future.
Containership Hit Far in Arabian Sea; Houthis Claim Attack
JERUSALEM — A containership came under attack by a drone in the far reaches of the Arabian Sea, corresponding with a claim by Yemen’s Houthi rebels that they assaulted the ship there.
April 30, 2024Proxy Firm: Norfolk Shareholders Should Split Ticket in Vote
Norfolk Southern's CEO won support from adviser Institutional Shareholder Services before a shareholder vote on an activist-driven push to replace the railroad’s leadership team.
April 30, 2024US Ports Report Continued Volume Gains in First Quarter
U.S. ports closed out the first quarter in March with continued year-over-year increases in container volumes.
April 30, 2024New Montana I-90 Rest Area Adds 35 Truck Parking Spots
Montana is progressing on plans to provide more truck parking along its busiest freight route on Interstate 90.
April 30, 2024FMCSA Denies Florida’s CDL Skills Test Petition
The Federal Motor Carrier Safety Administration has told a Florida licensing agency that CDL applicants cannot continue taking a skills test after failing the pre-trip inspection.
April 30, 2024ArcBest Reports $1 Billion Revenue for Q1
ArcBest saw its bottom line swing from a profit to a loss and posted a decline in revenue during Q1 on the heels of market softness and weather-related delays, the company reported.
April 30, 2024Saia Q1 Profit Increases 19.2% as Revenue Rises 14.3%
Saia Inc. posted a 19.2% increase in profits in the first quarter of 2024 but undershot analyst and market expectations, even as key metrics improved.
April 30, 2024GXO Completes Acquisition of UK-Based Wincanton
GXO Logistics has completed its acquisition of the U.K.-based transport and logistics services company Wincanton, the company announced April 29.
April 30, 2024ADM Shares Fall as CEO Cites Transition From Boom Years
Archer-Daniels-Midland Co.’s shares slumped as the agribusiness giant warned of pressured margins for the remainder of the year, even as quarterly earnings beat estimates.
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