Latest Transportation and shipping News
Union Pacific's first-quarter profit creeps up 1% as railroad limits expenses
OMAHA, Neb. (AP) — Union Pacific's first-quarter profit crept 1% higher as the railroad tightened up on expenses — particularly its fuel bill — even though it delivered slightly less freight. The Omaha, Nebraska-based railroad said Thursday it made $1.64 billion, or $2.69 per...
Old Dominion: Q1 Earnings Snapshot
THOMASVILLE, N.C. (AP) — THOMASVILLE, N.C. (AP) — Old Dominion Freight Line Inc. (ODFL) on Wednesday reported first-quarter earnings of $292.3 million. The Thomasville, North Carolina-based company said it had profit of $1.34 per share. The results topped Wall...
As airplane makers struggle to meet demand, Morocco wants to become a manufacturing hub
CASABLANCA, Morocco (AP) — Moroccan officials want to turn the country into an aviation hub, luring investors aiming to spread out their supply chains to more nations with available and affordable workers. The North African kingdom is among a longer list of countries vying for...
A ban on single-use plastics takes effect in Hong Kong in a bid to reduce pollution
HONG KONG (AP) — Hong Kong has long been a major producer and consumer of great food, and a great amount of plastic and Styrofoam to go with it. That’s going to change as new legislation aiming to stop the sale and distribution of Styrofoam products and single-use plastic cutlery...
CSX profit drops 10% despite railroad delivering 3% more freight in first quarter
CSX dealt with weather challenges and the closure of the Baltimore port as the railroad saw its first-quarter profit slip 10%, but it still managed to keep most of its customers happy with reliable service. The Jacksonville, Florida-based railroad said Wednesday that it earned $893...
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
Global smartphone shipments rose nearly 8% in the first quarter, according to preliminary data from International Data Corp. It's the third straight quarter of shipment growth and marks the return of Samsung to No. 1. There were 289.4 million units shipped in the period, according to...
Mexican cartel not only forced vendors to buy chicken at inflated prices, they sold them bad birds
MEXICO CITY (AP) — A Mexican drug cartel not only forced vendors to buy chicken at wildly inflated prices — they sold them chicken “not fit for human consumption,” investigators concluded this week. Prosecutors in the State of Mexico this week concluded a monthslong...
UPS to become the primary air cargo provider for the United States Postal Service
UPS will become the primary air cargo provider for the United States Postal Service. The Atlanta shipping company said Monday that it had received an air cargo contract from the U.S. Postal Service that significantly expands an existing partnership between the two. ...
Japan’s exports rise nearly 8% in February on strong shipments of cars and machinery
TOKYO (AP) — Japan’s exports rose 7.8% in February from a year earlier on strong shipments of cars and electrical machinery, the government said Thursday. Exports in February totaled 8.2 trillion yen ($55 billion), marking the third straight month of growth, according to...
Want to feel special? Stores and restaurants with paid memberships are betting on it
NEW YORK (AP) — How much does it cost to feel special? At Chuck E- Cheese, the family entertainment and pizza chain, the price is $7.99, $11.99 or $29.99 per month. At the other end of the spectrum, the founder of a shopping app called Long Story Short wants to charge members...
