Leaders with less-than-truckload carrier Yellow Corp. are touting the company’s fifth successive quarter of financial improvement and strong second-quarter earnings that beat Wall Street expectations.
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
GXO Posts $2.2 Billion in Q2 Revenue, Marks First Anniversary
GXO Logistics Inc. closed out its first year as an independent company with revenue and earnings growth in the second quarter of 2022, the company reported Aug. 2.
August 3, 2022Bureau of Prisons Expands CDL Training for Women
Efforts are underway in federal and state-level prison systems to help inmates train for and transition into careers in trucking upon their release, with the Federal Bureau of Prisons expanding its commercial driver license programs to focus on women.
August 2, 2022Driver Pay Raise Trend Catches Crosswinds
The trucking industry has rapidly increased driver pay in recent years, but with a softening freight environment that trend is spinning off in several directions.
August 2, 2022Logistics Firm Terra Worldwide Explores $1 Billion Sale
Terra Worldwide Logistics, a closely held provider of logistics services, is exploring a sale amid consolidation in the industry, according to people familiar with the matter.
August 1, 2022Amazon Starts Same-Day Deliveries From Stores in Metro Areas
Amazon.com Inc. has started delivering items from brick-and-mortar stores in a dozen metro areas, the e-commerce giant’s latest effort to make more products available for speedy delivery.
August 1, 2022Perspective: Flexibility Helps With Supply Chain Delays
For years, just-in-time supply chain practices were the name of the game for many companies. But in the aftermath of the pandemic and subsequent supply chain tangles, building up and keeping heavier inventories has come to the forefront as a core strategy. While there’s merit to both approaches, companies need to be prepared and take some action on unintended consequences of the new sea change.
August 1, 2022Universal Logistics Reports Record-Breaking Q2
Universal Logistics Holdings reported all-time highs for revenue, operating income and earnings per share in its second-quarter earnings report July 28.
July 29, 2022CP Announces Q2 Earnings, Moves Forward With Efforts to Acquire KCS
Canadian Pacific Railway posted a drop in net income but an increase in revenue for the second quarter, as it confronts renewed opposition to its planned acquisition of Kansas City Southern Railroad.
July 29, 2022Amazon Reports Strong Sales That Ease Fears of Slowdown
Amazon .com Inc. reported revenue that topped estimates and gave a strong sales forecast for the current quarter, allaying investor concerns about potential belt-tightening by inflation-rattled consumers. Shares jumped more than 10% in extended trading.
July 28, 2022