Universal Logistics Holdings experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 27.
April 28, 2023Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
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Universal Logistics Reports Weaker Q1 Amid Softening Market
ArcBest Reports Q1 Revenue, Earnings Decline
ArcBest experienced a year-over-year decline in revenue and earnings due to a softer freight environment and the sale of its fleet maintenance subsidiary during the first quarter.
California Passes First-in-Nation Locomotive Emission Rule
California’s Air Resources Board voted April 27 to approve a rule that would ban the use of locomotive engines more than 23 years old by 2030 and increase the use of zero-emission tech at ports and railyards.
Merged CPKC Releases Strong Q1 Earnings
The merged Canadian Pacific Kansas City says in its first quarter together the new Class I railroad saw its income surge by 35% to C$800 million compared with C$590 million a year ago.
Landstar Reports Revenue and Earnings Decline for Q1
Landstar System Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 26.
Schneider Reports 6% Q1 Earnings Gain Despite Revenue Drop
Schneider National achieved a 6% year-over-year earnings gain despite a revenue loss during the first quarter of 2023, the company reported April 27.
Ryder Q1 Profit Slides on Lower Used Vehicle Sale Prices
Lower used-vehicle sale prices and the U.K. market exit hurt profits at Ryder System Inc. in the three months ending March 31, it said, as results fell short of analyst expectations.
Miami, Seven Other Cities to Test Cargo Bikes
Downtown Miami is about to see a last-mile delivery experiment replacing trucks with cargo freight bicycles able to carry 500 pounds.
TFI Reports Lower Income, Revenue
TFI International profits slid year-over-year in the three months ending March 31, with its top executive saying April 26 that conditions in the quarter were tougher than expected.
Old Dominion Reports Revenue, Earnings Decline for Q1
Old Dominion Freight Line experienced a year-over-year decline in revenue and earnings during the first quarter, the company reported April 26.
April 26, 2023