J.J. Redick says a surprise drill with Joel Embiid and Brett Brown at 1 a.m. convinced him to sign with the 76ers
The moment J.J. Redick knew he wanted to sign with the Philadelphia 76ers came at 1 a.m. on the...
Transocean reports 2Q loss
On a per-share basis, the Vernier, Switzerland-based company said it had a loss of $4.32. Earnings, adjusted for one-time gains and costs, came to less than 1 cent on a per-share basis. The average estimate ...
Agenda Announced for Inaugural Fleet Forward Conference
Bobit Business Media announces the agenda for Fleet Forward Conference, a new event dedicated to providing fleets with smart mobility solutions through curated networking and high-level education.
Co-located with Auto Rental Summit (Nov. 6-7) at Miami Hilton Downtown, Fleet Forward Conference convenes with a cocktail reception on the evening of Nov. 7 followed by a full day of programming on Nov. 8.
The event is designed to bring fleets of all types — including commercial, corporate, rental, government, and municipal fleets — together with traditional fleet suppliers and new technology providers.
An idea lab to discuss new mobility concepts and the evolution of fleet processes, Fleet Forward will enable partnerships and facilitate end-user solutions with the goal to create more efficient fleets, says Chris Brown, event chair.
“Fleets play a vital role in this transportation revolution,” says Brown. “We're on the path to autonomous vehicles, but there are changes happening right now that will affect fleets. We look forward to facilitating these discussions.”
Registration for the event is open now. Auto Rental Summit registrants can attend Fleet Forward for free.
For agenda and speaker enquiries, contact Chris Brown at [email protected].. For sponsorship opportunities, contact Joni Owens at [email protected].
Follow @HDTrucking on Twitter
...Read the rest of this story
Cost of ground transportation higher in May
Agenda Announced for Inaugural Fleet Forward Conference
Bobit Business Media announces the agenda for Fleet Forward Conference, a new event dedicated to providing fleets with smart mobility solutions through curated networking and high-level education.
Taking place at Miami Hilton Downtown, Fleet Forward Conference convenes with a cocktail reception on the evening of Nov. 7 followed by a full day of programming on Nov. 8.
Fleet Forward Conference is designed to bring fleets of all types — including commercial, corporate, rental, government, and municipal fleets — together with traditional fleet suppliers and new technology providers.
An idea lab to discuss new mobility concepts and the evolution of fleet processes, Fleet Forward will enable partnerships and facilitate end-user solutions with the goal to create more efficient fleets, says Chris Brown, event chair.
“Fleets play a vital role in this transportation revolution,” says Brown. “We're on the path to autonomous vehicles, but there are changes happening right now that will affect fleets. We look forward to facilitating these discussions.”
Registration for the event is open now. Auto Rental Summit registrants can attend Fleet Forward for free.
For agenda and speaker enquiries, contact Chris Brown at [email protected]. For sponsorship opportunities, contact Joni Owens at [email protected].
Follow @HDTrucking on Twitter
...Read the rest of this story
A British volunteer fighting ISIS in Syria reportedly killed himself to avoid being captured
A British man who had volunteered with the Kurds to fight ISIS in Syria reportedly killed...
XPO Profit Jumps As It Mulls More Acquisitions, USA Truck Losses Grow
XPO Logistics' profit during the second quarter was 11.7% higher than a year ago, as a separate report said the company is looking to greatly expand its business in the next year or two. In contrast, USA Truck saw its second quarter loss more than double as revenue declined.
XPO LogisticsNet income totaled $47.6 million, or 38 cents per share, compared to $42.6 million in the second quarter of 2016, or 35 cents per share. Revenue increased nearly 2.2% to $3.76 billion.
“The most notable growth came in last mile and contract logistics, two fast-growing parts of the supply chain where we hold leading positions in e-commerce,” said Bradley Jacobs, chairman and CEO. “Importantly, we're continuing to grow adjusted EBITDA faster than revenue in both transportation and logistics."
The company's transportation segment generated revenue of $2.41 billion in the quarter. This compares with $2.42 billion for the same period in 2016, which included $133.4 million of revenue from the North American truckload unit divested in October 2016.
Segment revenue was led by increases in truck brokerage and last mile, partially offset by a decrease in global forwarding revenue and unfavorable foreign exchange rates, according to the company.
Operating income for the transportation segment increased to $160 million in the quarter, compared with $153.2 million a year ago.
XPO's Logistics segment generated revenue of $1.4 billion for the quarter, compared with $1.33 billion for the same period in 2016.
The year-over-year increase was primarily due to strong demand for contract logistics in both Europe and North America, partially offset by a decline in managed transportation revenue and unfavorable foreign exchange rates, according to XPO. In Europe, contract logistics growth was led by e-commerce and cold chain contracts in the UK and the Netherlands. In North America, the largest gains came from the e-commerce and industrial sectors.
Operating income for ...Read the rest of this story