Mullen Posts Increased Q1 Earnings on Declining Revenue
Mullen Group nearly tripled its earnings but saw revenue decline in the first quarter as growth was hindered by Canada’s slow recovery from the COVID-19 pandemic.
How Logistics Firms Are Handling the Pandemic's E-Commerce Boom
The COVID-19 pandemic has squeezed many years of growth in online sales and e-commerce fulfillment into a single 12-month period.
Volvo, Aurora Pair for Autonomous Trucking Service
Volvo Group will partner with Aurora Innovation Inc. to develop and commercialize autonomous Class 8 trucks in North America.
Frito-Lay Replaces All Diesel Vehicles at Facility With Cleaner Tech
Frito-Lay has largely completed the transformation of a snack food facility in California to use zero-emission and near-zero-emission technologies for production and transportation.
Trucking Explores Augmented Reality to Enhance Training, Operations
The adoption of immersive technologies such as augmented reality and virtual reality by the freight and logistics industry has accelerated amid the COVID-19 pandemic.
Mullen Group Posts Increased Earnings in Q4; Revenue Continues to Slide
Mullen Group reported a gain in profit for the fourth quarter although revenue continues to fall because of the COVID-19 pandemic.
Uber Narrows Loss in Fourth Quarter
Uber Technologies continued to post large losses in the fourth quarter, but said its freight business is growing quickly yet remains unprofitable.
TFI Posts Increases in Profit, Revenue in Q4
TFI International Inc. reported an increase in both profits and revenue in the fourth quarter as it works toward completion of its acquisition of UPS Freight, the less-than-truckload and dedicated truckload divisions of UPS Inc., later this year.
Hub Group’s Revenue Rises, but Charges Suppress Earnings
Revenue increased but profit fell at Hub Group in the fourth quarter as it took charges to increase insurance claim reserves and to close an office.
Old Dominion Posts Q4 Gains in Earnings, Revenue
Old Dominion Freight Line reported gains in fourth-quarter profit and revenue and, despite the COVID-19 pandemic, finished 2020 with a rise in net income.