FedEx 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.
December 16, 2022Last-Mile Focuses on Sustainable Shipping
The trucking industry has increased its focus on sustainability this year, mostly geared toward last-mile operations.
December 8, 2022Daseke Founder Sells Shares Amid Board Retirement
Daseke Inc. founder Don Daseke will sell his holdings in the company and step down from its board of directors, the company announced Nov. 14.
November 15, 2022J.B. Hunt Plans Carbon Emission Intensity Reduction of 32% by 2034
J.B. Hunt Transport Services Inc. set a new goal to reduce its carbon emission intensity 32% by 2034, the company announced Nov. 14.
November 14, 2022FedEx Freight Unit Furloughs Workers as Cargo Demand Slows
FedEx Corp.’s freight unit is putting workers on furlough in some U.S. markets, adding to mounting evidence of a cargo slowdown as the company joins other large employers trimming their ranks.
November 14, 2022GXO Reports Higher Revenue, Lower Earnings for Q3
GXO Logistics Inc. reported revenue growth and a decline in earnings in its third-quarter report released Nov. 8.
November 10, 2022Werner Reports Revenue Increase for Q3
Werner Enterprises saw revenue rise but income decline during the third quarter of 2022, the company reported Nov. 2.
November 3, 2022XPO Spinoff RXO Officially Launches
XPO Logistics Inc. turned its tech-enabled brokered transportation platform, RXO, into an independent, publicly traded company Nov. 1.
November 1, 2022Landstar Reports Highest Revenue for Any Q3
Landstar System Inc.’s revenue and diluted earnings per share both set third-quarter records, the company reported Oct. 19.
October 20, 2022