Trucking’s lead safety agency has been failing to properly monitor billions of dollars in taxpayer money aimed at preventing crashes, according to a government watchdog.
Universal Logistics Holdings’ first-quarter revenue decreased 22.3% year over year to $382.4 million.
Less-than-truckload carrier Saia’s first quarter was much worse than analysts feared.
Universal Logistics Holdings reported a 22% decrease in revenue and an 88% drop in earnings per share in the first quarter.
Despite numbers that continue to sink, TFI CEO Alain Bedard was mostly positive about the outlook for TForce.
Covenant Logistics Group said economic uncertainties may push back freight market improvements.
Prologis said Thursday that a new electric vehicle charging platform will let users circumvent utility connectivity issues in markets where infrastructure is lagging.
Brad Jacobs’ QXO has a non-investment-grade debt rating in its first review by the two biggest ratings agencies.
Pamt Corp. reported a sixth straight operating loss in its truckload business during the first quarter.
UPS is expanding its precision logistics capabilities in the pharmaceutical and life sciences sectors with an agreement to purchase Andlauer Healthcare Group in Canada.
Knight-Swift Transportation said some customers are delaying decision making and others are drawing down inventories as the market awaits some resolution on U.S. trade policy.
TFI’s earnings release late Wednesday didn’t have much good news for its U.S. LTL operations.
Covenant Logistics Group’s first-quarter revenue declined 3% year over year to $269.4 million.
Knight-Swift Transportation lowered its second-quarter outlook and didn’t provide third-quarter guidance due to a “fluid trade policy,” which is weighing on customer decision making.
The Trump administration is looking into the effect of what it deems predatory trade practices on the competitiveness of the U.S. truck industry.
Old Dominion Freight Line is only modestly altering near-term plans as it looks to take market share during the next less-than-truckload upswing.
Investors liked the earnings report from Ryder, even though its gains over the 12 months were limited.
Old Dominion Freight Line beat first-quarter expectations on Wednesday but lowered its capex budget as demand weakness lingers.
Nuvocargo has acquired South Carolina-based Merge Transportation, a 3PL offering transportation solutions across the U.S.
Tesla had revenue of $19.3 billion and earnings of 27 cents per share in the first quarter.
