Transport Topics
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UPS Inc. boosted second-quarter net income by 3.2% to $1.27 billion, or $1.43 per share, led by higher domestic and international profitability.
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The Port of Indiana-Burns Harbor had its second-best June on record after handling 303,000 tons of freight, including shipments of huge cranes from Europe.
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Top truckload carriers Swift Transportation and Werner Enterprises reported weaker second-quarter earnings July 21 because of overall weakness in broad freight market rates, while earnings dropped at airfreight and intermodal specialist Forward Air Inc. after a $42.4 million charge based on an acquisition in 2013.
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Year-to-date ship traffic on the Great Lakes-St. Lawrence Seaway system has been slower than expected in 2016, according to the St. Lawrence Seaway Development Corp.
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