Ryder System is opening a second multiclient logistics facility at a U.S.-Mexico port to take advantage of the recent nearshoring trend, the company announced April 29.

During the past four years, supply chain and logistics companies have ridden the highs and lows of a market that included a pandemic and fractured economy to keep goods moving.

Profits at TFI International fell 17.1% year-over-year in the first quarter of 2024 on the back of what CEO Alain Bédard said was a particularly weak freight environment.

Intermodal chassis manufacturers are scaling back production as a result of weak demand as well as a supply overhang, company executives said.

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Knight-Swift Transportation Holdings saw its first-quarter bottom-line results swing from a profit to a loss.

Mullen Group experienced a decrease in revenue and earnings during the first quarter of 2024, the company reported April 25.

Shawn Stewart is set to join Forward Air as CEO, effective April 28, the carrier said April 23. He also will join the asset-light transportation services group’s board of directors.

Old Dominion Freight Line experienced growth in revenue and earnings for the first quarter of 2024, the company reported April 24.

UPS Inc. experienced a 41.3% drop in earnings during the first quarter of 2024, the company reported April 23.