Intermodal

Universal Logistics’ Q2 trucking revenue increases 12.6% to $91M

Universal Logistics Holdings’ second-quarter results showed a 12% year-over-year increase in total revenue to $462.2 million, while earnings increased 30% year over year to $1.17 per share.

The company surpassed Wall Street expectations of $461.4 million in revenue and EPS of $1.14.

“We grew top-line revenue by 12%, delivered a double-digit operating margin and increased our earnings per share by 30% compared to the same period last year,” CEO Tim Phillips said during an earnings call with...

https://www.freightwaves.com/news/universal-logistics-q2-trucking-revenue-increases-12-6-to-91m

J.B. Hunt stays the course despite burdensome capacity costs

J.B. Hunt Transport Services said it will continue to play the long game with its approach to deploying capital across its businesses even as overall freight demand remains underwater. The company has invested heavily in intermodal capacity, which is presenting an overhang on financial results.

The company reported earnings per share of $1.32 for the second quarter on Tuesday, which was 49 cents lower year over year and roughly 20 cents below a range of consensus estimates. A higher tax rate was...

https://www.freightwaves.com/news/j-b-hunt-stays-the-course-despite-burdensome-capacity-costs

Sagging intermodal results, broad volume weakness sink J.B. Hunt’s Q2

A decline in intermodal yields, weaker volumes across all of its transportation offerings and elevated expenses were among the reasons for J.B. Hunt Transport Services’ second-quarter earnings miss.

The multimodal transportation provider reported second-quarter earnings per share of $1.32 Tuesday after the market closed. The result was 49 cents lower year over year and roughly 20 cents off a range of consensus estimates.

A higher tax rate compared to the year-ago quarter was a 1-cent headwind....

https://www.freightwaves.com/news/sagging-intermodal-results-broad-volume-weakness-sink-j-b-hunts-q2

Port of Los Angeles completes Pier 400 rail expansion project

This story originally appeared on Trains.com.

LOS ANGELES — The Port of Los Angeles has announced completion of the Pier 400 rail expansion, a $73 million program to expand the on-dock yard at the container terminal operated by APM Terminals.

The project added five new storage tracks totaling 31,000 linear feet, new crossovers and turnouts, a concrete rail bridge with lighting, an asphalt access roadway, and modifications to the compressed air system. It also involved relocation of part of the...

https://www.freightwaves.com/news/port-of-los-angeles-completes-pier-400-rail-expansion-project

RoadOne breaks ground on 100-acre site near Port of Charleston

RoadOne IntermodaLogistics announced it has broken ground on a 100-acre distribution and transloading facility near the Port of Charleston.

The Summerville, South Carolina, site will be constructed in two phases. The company plans to open a 384,800-square-foot facility with 13 acres of trailer and container parking in January. A second phase will be completed in January 2027 and will add 279,720 square feet of space and 10 acres of parking.

The locations will be fenced, gated, lighted and...

https://www.freightwaves.com/news/roadone-breaks-ground-on-100-acre-site-near-port-of-charleston

Brittain Ladd brings bare-knuckle comments to The Stockout

Brittain Ladd explains why he thinks Starbucks is in a ‘world of hurt’

On Monday’s The Stockout show, Grace Sharkey and I interviewed Brittain Ladd, an outspoken strategic consultant with a specialty in the retail sector, among others. The discussion touched on geopolitics and how companies can diversify their supply chains to have less reliance on China. That’s not easy, according to Ladd, and often, moving physical production away from China results in production in Mexico or elsewhere by a...

https://www.freightwaves.com/news/brittain-ladd-brings-bare-knuckle-comments-to-the-stockout

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