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PepsiCo said the decision was difficult, but it described the 60-year-old building as a facility with “physical limitations.” The company said it would pay workers for the next 60 days

Looking forward, Chief Financial Officer John Diez said Ryder expects earnings growth in the fourth quarter as a result of its contractual portfolio.

The Okotoks, Alberta-based company posted net income of C$38.3 million, or 41 cents a diluted share, for the three months ending Sept. 30.

The Greenwich, Conn.-based company is working with financial advisers, said sources who asked not to be identified because the details aren’t public.

DHL Group, the trading name of Deutsche Post AG, unveiled a new strategy aimed at increasing revenue by 50% by 2030 through various growth initiatives.

Top commercial drivers highlighted the trucking workforce’s role in promoting transportation safety and economic prosperity nationwide at an event near the U.S. Capitol.

FedEx Corp. cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.

The report, three years in the making and made public on Sept. 6, lauds the trucking industry for its efforts to join the fight at high-level federal and state government agencies.

As carriers await an upturn in the freight environment, executives say they continue to seek efficiencies and prepare their fleets for when the tipping point comes.

Efforts from established and newer enterprises to develop robust digital tools are being shaped by market demands and technological innovations.