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Profits at Ryder System Inc. fell 39.8% in the fourth quarter of 2023 as weak freight conditions again sapped strength from used vehicle sales prices and rental activity, it said Feb. 14.

Losses nearly tripled at Goodyear in the fourth quarter of 2023 compared with the year-ago period as the tire manufacturer digested restructuring costs and sales slowed, including in the North American commercial vehicle sector.

TFI International’s truckload operations could be merged with a competitor to divide the Montreal-based company into two publicly traded entities, likely in 2025, its CEO said Feb. 9.

Profits at TFI International in the fourth quarter fell 14.4% compared with the same period a year earlier, as acquisitions softened the impact of a weak freight environment.

Nikola Corp. rejected a slate of nominees for its board of directors proposed by an entity it said was controlled by founder Trevor Milton, arguing none were fit for the role.

Daimler Truck recently took another step toward commercializing its prototype longhaul liquid hydrogen-fueled trucks.

Forward Air CEO Tom Schmitt exited the company days after finally completing the carrier’s at-times contentious merger with Omni Logistics.

Profits at Carrier Global jumped 55.6% year-over-year in the fourth quarter on the back of higher refrigeration unit sales and improved operating margins.

A December settlement between Cummins Inc. and the federal government pushed the engine and component manufacturer’s results into the red in the fourth quarter of 2023, it said Feb. 6.

Yellow repaid a $700 million loan it received from the Treasury Department through the Coronavirus Aid, Relief and Economic Security Act, the bankrupt less-than-truckload carrier said.