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BusinessLogisticsFor-HireTop 100

Ryder Q3 Profit Slides Even as Acquisitions Boost Revenue

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

October 24, 2024
GovernmentBusinessTechnologyFuel

GM Sees Timing Issue as Canada Reduces EV Rebates

鈥淛ust as mandates and regulations start to bite, the timing is not necessarily lining up very well, in that the purchase incentive support comes off,鈥 GM Canada's president said.聽

October 24, 2024
Government

Senate Transportation Leaders in Competitive Races

Senior members of the Senate panel on freight policy have found themselves in competitive contests this fall as the parties vie for control of the chamber.

October 24, 2024
GovernmentBusinessTechnologyLogistics

GSA Awards $33.2M for Pacific Highway Port Modernization

The U.S. General Services Administration has awarded a $33.2 million contract to modernize Washington state鈥檚 busiest commercial border crossing with Canada.

October 24, 2024
BusinessLogisticsFor-HireTop 100

Mullen Group Q3 Earnings Dip Despite Revenue Growth

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.

October 24, 2024
BusinessFor-Hire

Knight-Swift Reports Nearly $1.9B in Revenue for Q3

Knight-Swift Transportation Holdings experienced a 49.4% decline in earnings year over year during the third quarter of 2024, the company reported Oct. 23.

October 24, 2024
BusinessEquipment

Mack Trucks Brings All Cab Assembly In-House

Volvo Group closed a $40 million deal to buy Commercial Vehicle Group鈥檚 Kings Mountain, N.C., cab assembly operations in early October, it said when releasing third-quarter 2024 earnings.

October 24, 2024
BusinessTechnologyEquipmentSafety

Isaac Introduces Analytics Platform and First AI Features

DALLAS 鈥 In-cab technology supplier Isaac Instruments is rolling out a new analytics platform and its first set of features powered by AI to help fleets derive more value from their data.

October 24, 2024
BusinessEquipment

US Trailer Orders Drop 61% in September

Preliminary net data shows 12,100 trailer orders for the month, up 57.1% from August. But results continue "to bear witness to our expectations of weaker demand," ACT Research said.

October 24, 2024
BusinessTechnology

German Flying Taxi Firm Lilium May File for Insolvency

Lilium NV said its main subsidiaries may be forced to file for insolvency proceedings within days as the electric flying taxi firm struggles to raise enough funding to continue operations.

October 24, 2024