After the U.S. Postal Service deemphasized last-mile delivery service for parcel consolidators, the new chief now says workshare partnerships are a path to revenue growth.
Now-paused port fees on Chinese ships were a misguided attempt to revitalize U.S. maritime fortunes at the expense of American exporters, a trade group leader says.
FedEx says it is prepared for the peak shipping season and has more ability to flex its network because of a major transformation initiative currently underway.
The good news is the U.S. Postal service trimmed its net loss by $500 million in FY2025. The bad news? It still lost $9 billion and operating losses increased $900 million.
Two suppliers of truck parts to the aftermarket are combining into one firm.
Proficient’s stock climbed Wednesday and it could be that investors are looking at its strong cash flow numbers.
Third-party logistics provider BlueGrace announced it has acquired Michigan-based peer STB Freight Group.
A first look at Proficient Auto Logistics’ third quarter earnings.
Werner Enterprises said it’s holding the line on dedicated capacity as the industry awaits a turn in the cycle.
Radiant Logistics outlined incremental revenue opportunities on a Monday quarterly call as its Navegate platform is expected to see wider customer adoption.
Universal Logistics Holdings reported a large headline net loss for the third quarter.
Specialized less-than-truckload carrier XGS has been acquired by LRT Group.
For the second time this year, Moody’s Investors Service has downgraded the debt rating of trailer manufacturer Wabash National. The latest move takes the company’s corporate family rating (CFR) to B2 from B1. Other changes implemented by Moody’s Wednesday were to take Wabash’s probability of default rating to B2-PD from B1-PD, and to cut its […]
How the RXO rate squeeze is sign of larger 3PL industry dynamics and affecting logistics operations,
Yellow Corp.’s breach-of-contract lawsuit against the International Brotherhood of Teamsters has been reinstated by a federal appeals court.
Maersk adjusted a portion of its guidance upward for 2025 earnings after a quarter that saw higher volumes but lower profits.
First look: Negative reaction to RXO’s earnings.
Management at Forward Air announced on Wednesday, in conjunction with its quarterly report, that a strategic review, which could include the sale of the company, remains ongoing.
GXO Logistics reported record third-quarter revenue and outlined a sharpened North America growth strategy.
CEO Rob Painter said Trimble remains confident in its long-term targets heading into 2026 and 2027,
ArcBest flagged margin concerns heading into the seasonally weakest part of the year.
Expeditors stock is on a roll after earnings that beat expectations.
Cold storage warehouse operator Lineage modestly cut its full-year 2025 outlook on Wednesday as high food prices weigh on customer inventories.
ArcBest beat expectations for the third quarter but flagged significant margin deterioration in its asset-based unit in the fourth quarter.
Matson saw its shares gain as a positive outlook for China-related shipping outweighed weaker financial results in the third quarter.
TFI’s positive outlook amid revenue challenges with a focus on LTL operations and future growth.
Uber Freight revenue remained flat in the third-quarter as the company’s mobility and delivery units powered profits and growth.
Florida East Coast Railway helped owner Grupo Mexico’s transportation division increase third-quarter operating income on higher revenue despite flat freight volumes.
Employee-owned companies Interstate Personnel Services and J&R Schugel agree to join forces.
Heartland Express saw some sequential improvement in operations in the third quarter but said truckload market fundamentals won’t improve until next year.
XPO once again reported significant margin improvement in the third quarter, despite a soft less-than-truckload market.
Werner officials said technology investments, retail alignment and industry enforcement trends are paving the way for a freight recovery.
Amazon reported third-quarter earnings of $180.2 billion in revenue, up 13% year over year.
A first look at TFI’s earnings.
Less-than-truckload carrier Saia guided to a fourth-quarter operating ratio that would equal its worst since the pandemic.
About 2,000 unionized delivery drivers accepted a buyout offer from UPS in the third quarter, according to an estimate by Satish Jindel, a long-time parcel shipping consultant and president of ShipMatrix. UPS CEO Carol Tomé said during Tuesday’s earnings briefing that the buyouts will cost the company $175 million. The Atlanta-based parcel logistics giant has […]
Shares of Schneider National sank on Thursday after it missed third-quarter expectations and lowered its full-year 2025 outlook.
Canadian Pacific Kansas City profits increased in the third quarter on higher freight volume and revenue despite economic uncertainty and trade tensions.
Aurora’s Q3 review highlights over 100,000 driverless miles on Texas roads, a new El Paso freight lane and Phoenix expansion plans for 2026.
XPO beat third-quarter expectations as yield and operating efficiency initiatives offset a soft demand environment.
C.H. Robinson AI strategy enhances 2026 financial forecast, driving growth in logistics.
The financial performance of C.H. Robinson (NASDAQ: CHRW) continued to rip higher in the third quarter, with various levels of profitability and performance improved even as there was no sign of a market turnaround as measured by some of the company’s data. Wall Street, which already has made C.H. Robinson an investment darling–up about 30% […]
Old Dominion Freight Line remains focused on yield management and controlling costs as it awaits a reprieve from tonnage declines.
Belt tightening and higher yields helped Old Dominion Freight Line limit margin degradation in the third quarter.
Truckload carrier Pamt Corp. booked its fourth consecutive net loss in the third quarter.
Truckload broker Landstar System called out some positive catalysts on its third-quarter call with analysts on Tuesday.
Marten was overall profitable in the quarter but its Truckload segment lagged.
The trucking industry is is seeing tightening capacity and regulatory crackdowns that will likely to set the stage for a market recovery in 2026, Covenant CEO David Parker says.
Union Pacific’s Q3 profits rose on improved pricing, record workforce productivity and fuel consumption.
DSV announced it will sell USA Truck, an Arkansas-based truckload carrier, as it does not align with the Danish freight forwarder’s asset-light business model.
First look at Ryder’s earnings shows minor revenue growth but improved profitability.
Knight-Swift Transportation’s third-quarter results and fourth-quarter outlook came in light of expectations on Wednesday.
Covenant Logistics Group reported a 30% drop in third-quarter profit amid higher operating costs and weaker truckload utilization.
Factoring companies face payment delays in a weak freight market, impacting carriers’ margins.
Cost reductions at J.B. Hunt more than offset a soft demand environment in the third quarter.
Discover why owner operator capacity remains strong, as revealed by Triumph’s latest insights.
Shares of J.B. Hunt surged in after-hours trading on Wednesday after the company posted better-than-expected third-quarter results.
Prologis sees signs that the logistics warehouse market is tightening, with the potential for rents to see outsized growth in the next upcycle.
Logistics real estate investment trust Prologis beat third-quarter consensus expectations amid “record leasing” activity.
The first two weeks of October have seen a significant number of bankruptcy filings in transportation.
Industry veteran-led startup CoPilot announced its initial acquisition as it works toward establishing a global logistics platform.
Home goods retailer Ikea has acquired U.S.-based logistics technology company Locus to improve its final-mile delivery network.
Third-party logistics provider ATS Logistics Services has agreed to acquire the brokerage operations of Trailer Bridge.
Morgan Stanley lowered earnings expectations for publicly traded truckload and less-than-truckload carriers on Monday.
Echo Global B3 rating by Moody’s highlights steady earnings despite challenges in a soft freight market.
Trimac Transportation announced it has acquired Houston-based chemical hauler Service Transport Company.
ATBS trucking review: In a tough trucking market, drivers find success by optimizing routes and costs.
Expedited carriers C&M Transport and Barrett Directline have entered a merger agreement.
Paschall Truck Lines’ parent Interstate Personnel Services is looking to add temperature-controlled capabilities to its network with the acquisition of J&R Schugel.
ArcBest talks up numbers at its first investor day since 2015.
Rose Rocket announced Monday that it has acquired Toronto-based technology provider Centro.
Supply chain services provider TIG has agreed to acquire food-grade logistics provider PDM.
Susquehanna analyst Bascome Majors cut earnings forecasts on truckload carriers for the rest of the year as fundamentals remain soft and peak-season expectations are subdued.
H5 transport, a North Dakota-based truckload and LTL carrier, has filed for bankruptcy protection under chapter 11 of the Federal Bankruptcy Code. It continues to operate, according to the court documents filed with the U.S. Bankruptcy Court for North Dakota. According to the company’s data available through the Federal Motor Carrier Safety Administration, H5 is […]
The U.S. cancellation of duty-free treatment for de minimis packages cut FedEx income by $150 million and forced the airline unit to reduce flights.
Moody’s held XPO’s debt rating steady but improved its outlook.
FedEx Freight’s spinoff is on track to be completed by June of next year.
Five takeaways from September’s State of Freight webinar.
Yellow Corp. lost an appeal to circumvent the 2021 pension bailout regulations used to calculate its withdrawal liabilities.
BWT Logistics has acquired RAZR Logistics, adding on-demand warehousing to its services.
Radiant Logistics’ fiscal fourth quarter results came in ahead of analysts’ expectations.
Truckload carrier Werner Enterprises said it’s seeing “positive momentum” in its dedicated and logistics businesses at an investor conference this week.
The Relay Payments- Circle K partnership will enhance payment services at 500 truck-friendly locations.
Moody’s has cut Odyssey Logistics debt rating amid weak freight market.
ArcBest lowered third-quarter margin expectations for its asset-based unit, which includes less-than-truckload operations.
Freight broker FitzMark announced it has acquired Hometown Logistics.
Logistics Plus announced the acquisition of Chicago-based freight brokerage LoadDelivered Logistics.
Improved auditing reduced write-offs to below 1%.
Less-than-truckload carrier Saia saw tonnage move back into negative territory in August as the manufacturing complex nears a third full year of contraction.
Money-losing truckload carrier PAMT was in violation of a lender’s covenant at the close of the second quarter.
Old Dominion Freight Line reported Thursday that tonnage declines accelerated in August.
Descartes missed fiscal second-quarter expectations Wednesday after the market closed.
Less-than-truckload carrier XPO’s third-quarter update showed a notable moderation in tonnage declines during August.
Radiant Logistics announced it has taken an 80% stake in Weport, a Mexico-based transportation and logistics provider.
Yellow’s equipment auctions conclude after nearly two years.
Payables automation platform BravoTran announced the addition of receivables capabilities with the acquisition of Keystroke.io.
Flexport Capital redefines supply chain financing with BlackRock partnership, enhancing liquidity in logistics.
Canada Post’s financial troubles worsened in the second quarter driven by a drop in parcel volumes amid a labor dispute.
Credit conditions in trucking as measured by the quarterly BMO report showed some improvement.
The Pasha Group announced it has expanded service at the ports of Seattle and Tacoma by acquiring the transloading assets of MacMillan-Piper and Tacoma Transload.
