U.S. Xpress Reports Mixed Q4
U.S. Xpress Enterprises saw a revenue gain but drop in income for the fourth quarter of 2021, the company reported Feb. 9.
February 10, 2022PepsiCo Gains After Forecast Beats Estimates on Robust Demand
PepsiCo Inc. gave a full-year sales outlook that was ahead of estimates as the company looks to pass the burden of higher costs onto consumers.
February 10, 2022Yellow CEO Darren Hawkins: Q4 Earnings Show Carrier on Right Track
Yellow Corp. CEO Darren Hawkins told Transport Topics that the less-than-truckload carrier’s recent financial performance demonstrates its moves to rebuild its fleet, secure new business while maintaining existing customers and implement new technologies are setting the stage for long-term growth.
February 10, 2022Forward Air Reports Record Revenue, Earnings for Q4
Forward Air Corp. on Feb. 9 reported all-time quarterly records for revenue, net income and diluted shares for the fourth quarter of 2021.
February 10, 2022Maersk to Buy Pilot Freight Services
A.P. Moller-Maersk intends to acquire Pilot Freight Services, the Danish ocean shipping giant announced Feb. 9.
February 9, 2022Cummins to Acquire Jacobs Vehicle Systems
Altra Industrial Motion Corp. announced it entered into an agreement to sell its Jacobs Vehicle Systems business to Cummins Inc. for $325 million.
February 9, 2022Border Blockage Continues as Some Canadian Provinces Ease COVID Restrictions
TORONTO — A rapidly growing list of Canadian provinces moved to lift their COVID-19 restrictions as protesters decrying virus precautions kept up the pressure with truck blockades Feb. 9 in the capital and at key U.S. border crossings, including the economically vital bridge to Detroit.
February 9, 2022Maine Sets $1.8 Billion Plan for Infrastructure Upgrades
Three steel bridges in Maine that cross Interstate 95 and date to the Dwight Eisenhower administration are included in a $1.8 billion plan to overhaul some of the state’s transportation infrastructure.
February 9, 2022Driver Drug Violations Increased by 10% in 2021 Over Prior Year
The total number of truck driver drug violations increased by 10% in 2021, compared with total numbers reported in 2020, according to a new federal Drug & Alcohol Clearinghouse summary report.
February 9, 2022UPS Freight Acquisition Fuels TFI’s Q4 Growth
TFI International reported gains in fourth-quarter and annual net income and revenue, helped by its acquisition of the UPS Freight operation.
February 9, 2022