Finance

Independent owner-operator pay rose in 2024 but not by a lot, according to the president of ATBS.

Vertical Cold Storage has acquired Arctic Logistics and its warehouse serving the Detroit-Ontario, Canada, region.

The difficulty in comparing “hard” versus “soft” data is that sentiment influences decisions that will eventually bear out in the hard data.

Cold storage facility operator Lineage has acquired Bellingham Cold Storage and its three warehouses.

The National Association of Wholesaler-Distributors has expressed concerns over President Donald Trump’s impending tariffs – set to go into effect on Wednesday.

Details around final distributions to Yellow Corp.’s creditors are out, but the company’s largest shareholder may not be on board.

Moody’s has affirmed its speculative debt rating for Orbcomm, a provider of ELDs and Internet of Things applications.

Susquehanna Financial Group lowered its earnings forecasts for the truckload, intermodal and logistics companies it follows.

An internal memo at liquid bulk hauler MC Tank Transport shows the company has been sold to Kenan Advantage Group.

Interest rates are falling for aircraft buyers.

Cosco Shipping Holdings, China’s largest container carrier, saw heady improvement in revenue and profit in 2024.

FedEx has switched from downsizing to incrementally growing its air cargo fleet by ordering large 777 freighters and postponing plans to retire older MD-11 jets.

FedEx is working on several fronts to shore up its less-than-truckload business ahead of a 2026 spinoff.

FedEx reported higher revenue and operating income in the third quarter than last year but says shipping business could slow this quarter because of weakness and uncertainty in manufacturing.

Red Sea diversions hit liner operator Hapag-Lloyd’s profits despite higher revenues in 2024.

Logistics entrepreneur Brad Jacobs has closed his first deal in the building products sector with the purchase of Beacon Roofing Supply.

Defunct Yellow Corp. liquidates another property as creditors await a final bankruptcy plan.

Yellow’s final bankruptcy plan didn’t garner the needed support and will now be countered by a competing plan from the estate’s unsecured creditors.

Wan Hai Lines, one of the Big Three Taiwanese container carriers, saw record revenue and profit in 2024.

Coursing through the different segments within FreightTech, just as with cloud computing before it, are big bets on AI.

After exploring the potential of large language models, Deliverr co-founder Harish Abbott recognized that logistics professionals spend most of their work time handling routine tasks like email, phone calls and data entry.

Evergreen Marine Corp., the world’s seventh-largest box carrier, saw revenue and profits climb in 2024.

Yang Ming Transport Corp. said the Red Sea crisis and emerging Asian markets helped profit soar by nearly $2 billion in 2024.

Postmaster General Louis DeJoy is welcoming assistance from Elon Musk’s DOGE team to help address perceived mismanagement by partner agencies and the Postal Service Commission.

Container terminal operator DP World reported record revenue in 2024 but weaker overall profit.

Operational expansions and a strategic move to leverage earnings against the trans-Pacific spot market helped Zim to massive profits in 2024.

The bankruptcy of Kal Freight will be completed through Chapter 11, after creditors reached a settlement.

J.B. Hunt’s long-standing investment-grade debt rating from Moody’s has been affirmed.

Equity Transportation’s reported closure underscores the reality that in today’s freight market, even long-established carriers are not immune to the economic downturn.

Air France-KLM is substituting two A350 passenger jets for freighter aircraft on its Airbus orderbook because it can get the passenger planes sooner.

Global Crossing Airlines has a diverse customer base, including sports teams, rock bands like AC/DC and the parcel shipping giant DHL Express.

The story of venture capital in 2024 was one of resilience and green shoots, but also one of hype in which the big fish ate the little ones.

ArcBest said it added more truckload freight in February to stem the volume declines at its less-than-truckload business.

Kal Freight is likely to be going out of business, but just how that will happen is a subject of dispute in bankruptcy court.

While manufacturers initially sought tariff relief by relocating production to Southeast Asia, trade compliance experts say these “tariff-friendly” locations are increasingly vulnerable to reciprocal tariffs.

Deutsche Bank relaunched coverage of the transportation space on Friday with a strong bias toward companies most likely to benefit from a pickup in the industrial economy.

Kenan Advantage Group has acquired Mobile, Alabama-based Evergreen Transport for an undisclosed sum.

Air Transport Services Group had lackluster results in 2024 but hopes that leasing Airbus A330 freighters for the first time this year will improve the bottom line.

Supply chain software provider Descartes is benefiting from a quick-changing tariff environment.

New England may be the first location in the country to see an impact from the tariff on imported Canadian oil.

Less-than-truckload carrier XPO’s February tonnage decline isn’t as bad as the headline result suggests.

Less-than-truckload carriers Old Dominion and Saia maintained their respective growth strategies in February while both await a market turn.

In the run-up to Tuesday’s promised barrage of tariffs against Mexico, Canada and China, the U.S. industrial sector is not looking so hot — a dark omen for domestic freight demand.

Radiant Logistics has acquired California-based freight forwarder Transcon Shipping.

Moody’s has affirmed its debt rating for Penske Truck Leasing, a key supplier of trucking rentals.

A federal bankruptcy court in Delaware sided with Yellow’s rationale for shortening the layoff notification period to union employees.

Temperature-controlled warehouse owner Lineage Inc. said customer inventories have stabilized at lower levels but it again expects earnings to step higher in 2025.

The numbers in Canadian bank BMO’s quarterly earnings suggest credit problems in trucking may have hit bottom.

BNSF’s saw fourth quarter revenue decline primarily due to a 6.6% drop in average revenue per carload.

A debt issuance by shortline operator Patriot Rail provides a look into its finances.

Executives at some of the nation’s largest truckload transportation providers are seeing incrementally positive signs that the market is turning.

The fourth-quarter earnings report of TFI International had bad news for investors.

J.B. Hunt Transport Services said it will focus on what it can control as the industry awaits a meaningful recovery.

Supply chain technology provider Trimble recorded a 6% year-over-year increase in transportation revenue during the fourth quarter to $206.8 million.

The U.S. Department of Transportation has terminated New York City’s congestion pricing plan, drawing praise from trucking groups.

An entity with ties to shuttered car hauler Jack Cooper has acquired and relaunched regional less-than-truckload carrier Standard Forwarding.

Cargojet is focusing more on charter business as e-commerce retailers and other companies seek dedicated airlift, which helped boost revenue more than 30% in the fourth quarter.

According to a person involved in the discussions, freight forwarder Forto has reached out to competitors to discuss potential deals.

Expeditors International had a strong quarter, beating analyst estimates on profitability and revenue.

PS Logistics hangs on to its debt rating at Moody’s, giving a look at the finances of the privately held flatbed operator.

The change at the top of Manhattan Associates looked like an ouster, but former CEO Eddie Capell met with analysts to say it wasn’t.

Locomotive builder Wabtec’s shares declined despite fourth-quarter revenue and profit increases.

If consumers were able to keep pace with the incredible inflation of the early pandemic, they should be able to weather any storm kicked up by tariffs.

GXO Logistics Inc. saw solid growth in 2025 and could expand in North America through an acquisition.

Ryder System’s outlook doesn’t see a lot of gains from a stronger freight market, so it is looking to more structural changes.

GXO Logistics’ fourth-quarter revenue surged 25% year over year to $3.25 billion.

Court filings show three less-than-truckload carriers are seeking approval to acquire $15 million of bankrupt Yellow Corp.’s real estate.

Ryder System’s fourth-quarter used vehicle sales were flat from the third quarter but down from a year ago.

With the Jack Cooper closing set to roil the market for auto haulers, Proficient met analysts on a momentous day.

Truckload carrier Pamt Corp. recorded another loss during the fourth quarter.

Jack Cooper’s end came just a few months after it was reportedly talking about some form of financial support from GM.

Radiant Logistics’ fiscal second-quarter earnings beat was largely tied to one-time project freight.

As the global supply chain prepares to grapple with new and impending U.S. tariffs, one analyst is reviewing the implications for how increased costs will affect aircraft manufacturing—and what particular parts might be most impacted.

Universal Logistics lowered its 2025 guidance due to headwinds in the intermodal market and expenses from a recent acquisition.

Amazon beat expectations for revenue and earnings for the fourth quarter, but it predicts slower growth in the next quarter.

Werner Enterprises highlights some favorable trends for the new year after a messy fourth quarter.

Universal Logistics Holdings reported a 19% increase in operating revenue to $465.1 million in the fourth quarter.

Werner Enterprises reported a big earnings miss in the 2024 fourth quarter due to outsize insurance claims.

Sun Country Airlines expects robust growth in cargo revenue as it begins to receive eight more 737 freighter aircraft for its Amazon flying business.

Shares of less-than-truckload carrier XPO were up 9% in midday trading on Thursday following a fifth consecutive quarter of year-over-year margin improvement.

Less-than-truckload carrier XPO beat fourth-quarter earnings expectations Thursday before the market opened.

RXO’s stock price was pummeled Wednesday after the release of its earnings 

Old Dominion Freight Line is planning for a good 2025 back half and hasn’t given up on the first half yet.

Uber Freight recorded its ninth consecutive quarter of negative EBITDA.

Less-than-truckload carrier Old Dominion Freight Line beat fourth-quarter expectations Wednesday before the market opened.

RXO predicts in its fourth-quarter earnings report that it will have greater synergies from its Coyote acquisition.

A Georgia-based carrier has filed for bankruptcy protection, citing a weak freight market.

Less-than-truckload carrier Saia is looking for opportunities to raise pricing across its larger network to levels commensurate with the rest of the market.

New tariffs pose a significant challenge for U.S. refiners, who are already grappling with declining profit margins.

Even cars assembled in the U.S. are not exempt from tariff shocks, as components from Mexico and Canada account for roughly 10% of the value of U.S.-built cars, with an additional 5% to 6% coming from Chinese inputs.

Mexico and Canada have announced agreements with President Donald Trump to delay tariffs on imports of goods from those countries for one month.

Less-than-truckload carrier Saia reported better-than-expected fourth-quarter results on Monday.

Businesses are heading into 2025 with lean inventories and high demand from consumers.

ArcBest’s fourth-quarter results were ahead of analysts’ expectations but reflect a sluggish demand environment.

ArcBest beat fourth-quarter expectations Friday but noted that continued industrial weakness is weighing on its results.

Schneider National points to some green shoots on its fourth-quarter earnings call.

UPS said it will cut the volumes it handles for Amazon by 50% over the next two years to boost profitability.

C.H. Robinson posted strong year-on-year gains, but some of the sequential numbers were softer.

Schneider National’s initial take on 2025 earnings is largely in line with consensus expectations.

Tesla plans to begin mass production of its all-electric Class 8 Semi truck by the end of the year at its factory in Nevada.