TFI International’s truckload operations could be merged with a competitor to divide the Montreal-based company into two publicly traded entities, likely in 2025, its CEO said Feb. 9.
February 9, 2024Search
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Seth Clevenger and Mike Senatore dive into the Transport Topics Top 100 list of the largest logistics companies. They address trade challenges, mergers, sector trends and more.
TFI Q4 Profits Fall 14.4% as Deals Dull Freight Market Toll
Profits at TFI International in the fourth quarter fell 14.4% compared with the same period a year earlier, as acquisitions softened the impact of a weak freight environment.
February 9, 2024Forward Air CEO Tom Schmitt Exits After Omni Deal Completion
Forward Air CEO Tom Schmitt exited the company days after finally completing the carrier’s at-times contentious merger with Omni Logistics.
February 8, 2024Trucking Executives Cite Opportunities for AI Adoption
LAS VEGAS — Artificial intelligence promises to unlock greater efficiency in the freight transportation industry, but implementing AI functions is not without its challenges.
February 8, 2024ArcBest Reports 31% Earnings Gain Despite Revenue Drop
ArcBest Corp. experienced a 30.7% increase in earnings despite a decline in revenue during the fourth quarter of 2023, the company reported Feb. 6.
February 7, 2024Auto Stoppages Push P.A.M. Transportation Into Red in Q4
Labor stoppages at automotive manufacturers across the U.S. and a weak freight environment hit profits at carrier P.A.M. Transportation in the final three months of 2023, the company said.
February 5, 2024Saia Targets Further Expansion Via $1 Billion in 2024 Capex
Saia Inc. expects 2024 to be another year of significant expansion after picking up business and terminals following the implosion of less-than-truckload rival Yellow Corp., executives said.
February 5, 2024Fleets, Suppliers Work to Curb Fuel Card Skimming
Fuel card skimming is proving to be the most challenging and expensive fraud that carriers are facing.
February 5, 2024Schneider Reports 12% Revenue Decline for Q4
Schneider National experienced a year-over-year decline in profits as well as revenue during the fourth quarter of 2023, the company reported Feb. 1.
February 1, 2024Landstar Reports 28% Revenue Decline for Q4
Landstar System Inc. posted declines in net income and revenue during the fourth quarter of 2023, the company reported Jan. 31.
February 1, 2024