Trucking

UPS’ third-quarter results reflect struggles with macro weakness, volume diversions and higher labor costs.

Forward Air may decide to terminate its merger agreement with Omni Logistics even though a Tennessee court said it won’t stand in its way.

North American manufacturing and retailers have been focused on moving their operations out of China — and closer to home — over the past few years.

Freight broker and carrier agents at PFQ Companies — carriers Pioneer Transport, Falcon Transport, Quaker Transport and brokerage Quaker Transportation — are thriving, having built businesses able to withstand market highs and lows.

Chattanooga, Tennessee-based Covenant Logistics Group’s third-quarter revenue declined 7% year over year to $288.7 million.

Inflation, higher cargo volumes and diesel prices fueled a spike in congestion costs for trucking companies, according to new data from ATRI.

Freight broker Landstar System told analysts on a Thursday call that it expects the current freight downturn to last eight quarters, not six as previously hoped.

UPS said it hopes to scale service to as many locations as possible by year’s end.

Rush Enterprises experienced softer Class 8 aftermarket revenue at its dealership network, but it had other business to replace it in Q3.

Truck leasing giant Ryder posted total revenue of $2.9 billion and earnings per share of $3.58 during the third quarter.

Old Dominion sees a 6% uptick in shipments following Yellow’s closure but says the industry’s freight reshuffle hasn’t been permanently settled.

Electric vehicle manufacturing efforts have been marching south. In fact, EV manufacturing investments in the Southeast alone reached $54.6 billion in 2022 –– a 128% year-over-year increase, according to the Southern Alliance for Clean Energy.

Wabash’s reorganization is continuing to pay off as service revenue rises as trailer sales fall amid improved profits.

UPS has set holiday shipping deadlines for deliveries on Dec. 23 or earlier.

Consistent with its rivals, Traton sees orders slowing but strong deliveries across its brands including Navistar.

Convoy Inc. has found a buyer for its tech stack, which would include the digital freight company’s driver app and automated freight matching and pricing engines.

Old Dominion Freight Line reported better-than-expected third-quarter results as Yellow’s departure provided a tailwind.

President and COO Webb Estes reviews restored functions, praises customers that stuck around.

Less-than-truckload carrier Saia will implement a 7.5% general rate increase in early December.

TFI’s overall third-quarter results reflect a weak macro environment.