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Analysts: US Transport Better Prepared for Red Sea Disruptions

The U.S. transportation sector is in a better position to handle disruptions from the Red Sea with efforts to improve capacity amid a slowdown in freight, according to experts.

February 20, 2024

Universal Logistics Beats Q4 Expectations

Universal Logistics Holdings beat fourth-quarter expectations despite experiencing a year-over-year decline in revenue and earnings, the company detailed Feb. 15.

February 16, 2024

Social Media Platforms Open Fleets to Newer Recruiting Pool

Fleets are looking more to social media platforms to increase brand awareness, reach new customers and, increasingly, find new employees.

February 16, 2024

Kenan Advantage Group Enters Dry Bulk Sector

Kenan Advantage Group bought Northern Dry Bulk for an undisclosed sum, marking its first major foray into dry bulk haulage, the top-ranked tank transporter said.

February 15, 2024

Update: 2024 Top 100 Truck Bottlenecks List Sees Congestion Increasing

Fuel card skimming is on the rise. Read Dan Calabrese's report on what trucking fleets can do to thwart cyber criminals who engage in this high tech theft.

February 15, 2024

GXO Reports Profit, Revenue Increased in Fourth Quarter

GXO Logistics reported an increase in revenue and earnings year-over-year during the fourth quarter, despite the softer freight market, the company detailed Feb. 14.

February 14, 2024

Portland Port Asks Oregon for $10M to Save Container Service

Facing a $14 million shortfall, the Port of Portland is asking Oregon legislators for a $10 million injection this year to avoid ending container service at Terminal 6.

February 14, 2024

Ryder Q4 Profit Slides on Weak Used Truck Prices, Rentals

Profits at Ryder System Inc. fell 39.8% in the fourth quarter of 2023 as weak freight conditions again sapped strength from used vehicle sales prices and rental activity, it said Feb. 14.

February 14, 2024

FMC: Sanctions Against Yemen Should Be Considered

Federal Maritime Commissioner Carl Bentzel says his office wants the U.S. government to investigate whether economic sanctions are warranted against Yemen.

February 14, 2024

Senators Introduce Freight Border Bill

Legislation meant to ensure border security staff remain at commercial ports of entry was recently introduced in the U.S. Senate.

February 13, 2024