Wednesday’s announcement of high-level cost cuts, along with word of 12,000 job reductions in all, has sent shares soaring and analysts reevaluating opinions of the company.
Schneider National provided better-than-expected fourth-quarter results Thursday, and its 2023 guidance also came in ahead of analysts’ expectations.
Aligning with certain customers on long-term supply agreements helped Wabash post Q4 and full-year records.
The initiative has built “stickiness” with drivers, broadened access to carrier capacity and resulted in better service, according to the company’s brokerage head.
If history is a guide, advanced technologies in Daimler Truck North America’s SuperTruck II prototype could end up in production.
Freight broker Landstar System sees a rocky road in the first half of 2023, with normal seasonality returning by summer.
Enterprise carrier growth shows that U.S. trucking saw more capacity enter the market in 2022, even as the economy cooled.
Interim CEO Anderson says cost savings target is $150 million by the end of the year; Global Forwarding drags down Q4 earnings.
If Mexico wants to attract more foreign manufacturers, experts say the country must take big steps to stay ahead of the global competition.
Common advice you hear regarding electric truck and bus pilots include warnings like making sure to check the vehicle specifications and starting infrastructure early.
Amid falling tonnage throughout the less-than-truckload complex, Old Dominion posts another large earnings beat.
The announcement is part of a reduction of 12,000 jobs since FedEx’s 2023 fiscal year began.
XPO, on its way to becoming a pure-play LTL carrier, received an upgrade in its debt rating from S&P Global Ratings.
After a notice Tuesday by the Federal Motor Carrier Safety Administration that it is revoking an electronic logging device — TMS ONE’s ELD ONE — from its list of self-certified ELDs, CEO Radu Murzac says the company is working on a fix and plans to have the “final issue” resolved in less than two weeks.
Freight projects around the U.S. too large for traditional federal grants have received a major cash infusion.
Less-than-truckload carrier Old Dominion moved forward with a long-term succession plan Tuesday, announcing that its chief operating officer will replace its CEO in July.
Daimler Truck created capacity for 2,000 battery-electric trucks in 2022, but the lack of charging infrastructure stunted deliveries.
In a first for the FedEx unit, it will reward or punish driver contractors based on whether they attain gold, silver or bronze grades.
Regulators are asking the public to comment on how much more federal oversight will be needed before Level 4 and 5 automation can be safely deployed.
UPS’ CFO warns of a “bumpy road” ahead, while its CEO extends an olive branch of sorts to the Teamsters ahead of contract talks.
