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ArcBest Sees Profit, Revenue Declines in Q4 2024

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.

January 31, 2025

Uber Tests Price Lock Pass to Rival Lyft

Price-guarantee plans represent a potential new source of revenue for Uber, which said recently that a slowdown in U.S. rideshare bookings has been weighing on its core mobility unit.

January 28, 2025

Senate Confirms Sean Duffy for DOT Secretary

WASHINGTON — Former congressman Sean Duffy was confirmed by a vote of 77-22.

January 28, 2025

Atlas Energy Begins Driverless Truck Deliveries to Wells

Bulk carrier Atlas Energy Solutions began shipments of proppant on two driverless trucks equipped with self-driving technology from Kodiak Robotics recently, the companies said.

January 28, 2025

Whole Foods CEO Buechel Named Amazon’s Grocery Chief

Buechel, a former management consultant, joined Whole Foods in 2013, and led efforts to unify the formerly decentralized chain’s technology and record-keeping systems.

January 28, 2025

Covenant Logistics Q4 Profit Slides on Helene, Higher Costs

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.

January 27, 2025

Amazon Layoffs Prompt Canada to Review Government Deals

Canada’s industry minister said Amazon’s decision to shut down all warehouses in Quebec and cut close to 2,000 jobs would prompt the government to examine its current deals with the company.

January 24, 2025

How Shippers Navigate Risk in a Fragmented Freight Market

With delivery expectations climbing and freight fraud concerns lingering, shippers and logistics providers have had to step up efforts to vet and verify carriers.

January 27, 2025

New Indiana Gov. Braun Forms Transportation Cabinet

“We can be the risk-takers and trailblazers that Hoosiers deserve in leadership, or maintain the status quo,” the new governor said in his Jan. 13 inauguration speech.

January 23, 2025