Freight Distress Report: Supply chain providers cut more than 1,200 jobs

Companies across the freight economy disclosed plans to eliminate at least 1,222 jobs as warehouse operators, delivery providers and manufacturers continued to consolidate facilities and adjust their networks. Amazon, Temco Logistics and Freight Handlers Inc. accounted for most of the layoffs announced from July 10 through July 24, while 10 transportation, distribution and freight-dependent businesses […]

Read More

CN boosts outlook as volume growth tops expectations

Canadian National raised its outlook for the remainder of the year as the railway reported higher second-quarter revenue and profits Friday. “With this momentum, we’re raising our guidance, and now expect earnings for the year of mid to high single-digits on the back of low single-digit volume” growth, Chief Executive Tracy Robinson told investors and […]

Read More