Jul 28, 2016 at 02:56 PM CST
ERICA E. PHILLIPS
Two of the biggest logistics operators in the U.S. reported improved profits in the second quarter as cost cuts and the declining price of fuel offset weaker shipping demand.
The earnings gains came as freight companies are bracing for a tepid fall shipping season, when demand usually peaks as retailers push more goods through supply chains ahead of the holidays. Persistently high inventories in the retail sector and ongoing weakness in manufacturing, along with excess transport capacity and declining freight rates, have weighed on the logistics business in recent months.