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Ryder: Switching to a Class 8 EV May Double Vehicle Costs

A new analysis by leasing and logistics specialist Ryder System indicates the business case for swapping a diesel or gasoline van or truck for an EV is shaky for much of the trucking industry.

May 14, 2024

UPS Finance Chief to Leave Parcel Giant to Focus on Health

UPS Inc.’s top financial executive, Brian Newman, plans to leave the company June 1 in order to focus on his personal health, the shipping giant said May 6.

May 6, 2024

Schneider Reports Revenue Decline of 8% to $1.32B for Q1

Schneider experienced a year-over-year decline in revenue to $1.32 billion during the first quarter of 2024, the company reported May 2.

May 2, 2024

Ryder Continues Cross-Border Expansion With New Facility

Ryder System is opening a second multiclient logistics facility at a U.S.-Mexico port to take advantage of the recent nearshoring trend, the company announced April 29.

April 30, 2024

Logistics Supply Chain Shows Steadiness Amid Rough Waters

During the past four years, supply chain and logistics companies have ridden the highs and lows of a market that included a pandemic and fractured economy to keep goods moving.

April 29, 2024

Forward Air Hires Ex-Ceva Logistics Executive Stewart as CEO

Shawn Stewart is set to join Forward Air as CEO, effective April 28, the carrier said April 23. He also will join the asset-light transportation services group’s board of directors.

April 24, 2024

UPS Reports 41% Earnings Drop During Q1

UPS Inc. experienced a 41.3% drop in earnings during the first quarter of 2024, the company reported April 23.

April 23, 2024

Amazon Becomes the Largest US Private EV Charging Operator

Amazon has installed more than 17,000 chargers at about 120 warehouses around the U.S., making the retail giant the largest operator of private EV charging infrastructure in the country.

April 15, 2024

Kenan Advantage Group Owner Omers Exploring IPO

Omers Private Equity is exploring an initial public offering of Kenan Advantage Group, one of North America’s biggest tank truck transporter and logistics providers, according to sources.

April 12, 2024

Penske Sues Sacramento Over Environmental Plan

Penske Truck Leasing Co. has sued the city of Sacramento, Calif., alleging the city's environmental plan will harm the company's large North Sacramento facility.

April 4, 2024