°®¶¹´«Ã½

Profit at Marten Transport more than halved in the fourth quarter of 2024 as ongoing weakness in the freight environment hurt revenue and margins.

Saia Inc. closed out 2024 with lower fourth-quarter earnings amid efforts to reinvest in the operations of the business, but it set a revenue record for the full year, the company said Feb. 3.

The Fort Smith, Ark.-based logistics company posted net income of $29 million, or $1.24 a diluted share, for the three months ending Dec. 31.

UPS Inc. experienced revenue and earnings growth despite a tougher freight market in the fourth quarter of 2024, the parcel delivery company reported Jan. 30.

Trimac Transportation acquired flatbed and specialized haulage carrier Watt & Stewart for an undisclosed sum.

Covenant reported a profit of $6.7 million or earnings per diluted share of 24 cents in Q4, just over half the $12.8 million or 47 cents per diluted share profit posted in Q4 2023.

Minnesota carrier aims to meet the growing needs of existing shippers, particularly in industries requiring transportation of construction materials, machinery and equipment.

The Phoenix-based truckload motor carrier reported a revenue decline of 3.5% in the fourth quarter amid efforts to improve the business ahead of the expected up cycle.

A portfolio of 41 Mickey Truck Bodies property tracts in High Point, N.C., has been flipped for $35.52 million to TFI Chassis Portfolio.

The Lowell, Ark.-based carrier ended the year slightly behind where it was during the prior fourth quarter amid efforts to reinvest and improve operations, the company reported Jan. 16.