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USPS to End Discounts for Consolidators Including UPS, DHL

The U.S. Postal Service said Sept. 11 that it is ending discounts that shipping consolidators such as UPS and DHL use to get packages to the nation’s doorsteps.

September 11, 2024

UPS to Acquire German Cold Chain Company

UPS is acquiring a German firm that specializes in temperature-sensitive shipping to expand its health care logistics capabilities in Europe, the company announced Sept. 10.

September 10, 2024

UPS to Lay Off More Employees to Boost Profitability

UPS Inc. is laying off more of its employees, after earlier this year announcing it was cutting 12,000 jobs in its management ranks.

September 10, 2024

Michigan to Allow Hazardous Transport on Ambassador Bridge

The decision, repealing measures in place since 2014, follows a six-month review of input from the public, law enforcement and first responders.

September 5, 2024

XPO Explores Sale of European Transportation Business

XPO has revived a sale of its European transportation business, according to people familiar with the matter, almost two years since it last scrapped the attempt to divest the operation.

August 15, 2024

Forward Air Posts Q2 Loss, but Revenue Soars on Acquisition

Despite the reported net loss, investors appeared to be responding positively. It was primarily due to a one-time goodwill impairment charge related to the Omni acquisition.

August 8, 2024

Hub Group Misses Analyst Expectations on Weak Q2 Market

Hub Group profit in the second quarter of 2024 fell due to the ongoing weakness in the North American freight market, but a final-mile acquisition in December 2023 offered a bright spot.

August 2, 2024

Schneider Q2 Profit Slumps as Intermodal, Logistics Revenue Falls

Schneider National profit in the second quarter of 2024 slumped 54% as price increases failed to arrive as early as the carrier expected and ongoing freight market weakness saw intermodal and logistics revenue decline.

August 2, 2024

Werner Spots Signs of Hope Despite Disappointing Q2

Profit dropped at Werner Enterprises Inc. in the second quarter of 2024 as revenue slid more than analysts expected on the back of continued freight weakness, although executives are seeing more room for optimism from the last few weeks.

July 31, 2024

Estes Eyes 12% Terminal Door Total Increase in 2024

Estes Express Lines expects the number of terminal doors in the less-than-truckload carrier’s portfolio to jump more than 12% in 2024 to a total exceeding 12,750.

July 30, 2024