On the Bubble
Landstar System Reports Revenue Decline for Q4
Landstar System Inc. experienced a year-over-year decline in revenue and earnings during the fourth quarter of 2022, the company reported Feb. 1.
February 2, 2023FedEx to Cut Management Jobs by More Than 10%
FedEx Corp. is cutting global officer and director jobs by more than 10%, the courier’s latest cost-saving measure as economic concerns and waning e-commerce weigh on demand for package delivery.
February 1, 2023FedEx Implementing Ranking System for Delivery Contractors
FedEx Corp. is rolling out a new system for evaluating its delivery contractors that rank them like Olympic medal winners.
January 31, 2023Covenant Sees Year-End Slowdown
Covenant Logistics Group Inc. saw a 35% year-over-year decline in earnings amid marginal revenue improvements during the fourth quarter of 2022, the company reported Jan. 25.
January 26, 2023Marten Transport Reports 16th Consecutive Profitable Quarter
Marten Transport reported higher fourth-quarter earnings, marking its 16th consecutive year-over-year increase.
January 25, 2023Former USA Truck CEO James Reed Joins Kodiak
Former USA Truck CEO James Reed has joined autonomous truck technology company Kodiak Robotics, the company announced Jan. 19.
January 23, 2023Wabash Inks Long-Term Agreements With Key Carrier, Supplier
Wabash announced two long-term agreements, one with a carrier to create an extended backlog and one with a supplier to enhance supply surety.
January 20, 2023Roadrunner Notches Gains in Transit Times
Roadrunner implemented another round of transit time improvements across its network as part of an ongoing, multiyear process to improve business operations, the company announced Jan. 5
January 9, 2023FedEx Profit Tops Estimates as Higher Prices Offset Decline in Shipments
FedEx Corp. on Dec. 20 reported fiscal-year, second-quarter income that beat Wall Street expectations and revenue that fell below expectations.
December 21, 2022Ryder Plans New Multiclient Distribution Center Near Chicago
Ryder System Inc. will open its 10th multiclient distribution center in the greater Chicago area, the company announced Dec. 14.
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