Ryder Beats Wall Street Expectations With 3Q Earnings
Ryder System Inc. beat analysts’ expectations when the Miami-based company announced net income increased 51% in the third quarter.
October 26, 2018FMCSA Approves Vision Requirement Exemptions for 88 Drivers
Eighty-eight drivers with vision impairments in one eye will be allowed to operate commercial trucks across state lines, the Federal Motor Carrier Safety Administration announced Oct 25.
October 26, 2018Business-Spending Slowdown Casts Shadow on Solid GDP Report
Consumers drove the U.S. economy to better-than-expected growth in the third quarter, but a steep slowdown in business spending raised concerns about whether the strength in the expansion is sustainable.
October 26, 2018Hub Group Reports Strong Third-Quarter Earnings
On the strength of a strong economy and the sale of one its divisions, Oak Brook, Ill.-based transportation management company Hub Group reported record third-quarter results Oct. 25.
October 26, 2018Uptake, Geotab Partner for AI-Powered Fleet Management
Industrial solutions software company Uptake and fleet telematics provider Geotab have partnered to develop a service to help fleets predict failures.
October 26, 2018BlueGrace to Bolster Presence in Chicago
BlueGrace Logistics has announced that it will add jobs and approximately double its footprint in the Chicago Board of Trade.
October 26, 2018GDP Grows 3.5% on Consumer Spending
The U.S. economy expanded at a 3.5% pace in the third quarter as consumers opened their wallets, businesses restocked inventories and governments boosted spending, marking the strongest back-to-back quarters of growth since 2014.
October 26, 2018African Logistics Company Lori Announces Expansion
Lori Systems, a logistics startup based in Kenya, Africa, recently announced expansion into Uganda, Rwanda and South Sudan.
October 26, 2018Tight Inventory Raises September Used Truck Prices
The sale price of the average Class 8 used truck jumped 13% in September amid ongoing demand for trucks in a market where freight is plentiful and capacity is tight, ACT Research Co. reported.
October 26, 2018Universal Logistics Reports Best-Ever 3Q Results
Universal Logistics Holdings reported its best third quarter ever, following a trend of record-setting financial reports by freight carriers this year.
October 25, 2018