Jacksonville, Fla.-based Landstar System, Inc. reported record first quarter revenues of $780.9 million for the first quarter of 2016.
The Thomasville, N.C.-based less-than-truckload carrier surpassed analyst expectations, posting earnings per share of $0.80 for the quarter.
The Atlanta-based parcel giant reported increased revenues in all of its business segments, and surpassed analyst expectations with an earnings per share of $1.32 for the quarter.
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House Reps. Mike Kelly, R-Pa., and Peter DeFazio, D-Ore., have introduced bipartisan legislation that would increase investments in harbor and port projects by 29 percent from current funding levels without raising user fees or taxes.
Authorities are still searching for the very large ore carrier Stellar Daisy and its 22 crew members after losing contact with the vessel in the South Atlantic about 1,500 miles off the coast of Uruguay, South Korea's foreign ministry said Sunday.
Falling costs and the value of data are spurring renewed interest in physical asset tracking in container logistics.