The trucking industry stumbled through the first quarter amid a slowing economy and high inventories, according to experts.
May 18, 2023No rankings are available for this year.
Extras
Trucking Q1 Results Show Substantial Slowdown
Transportation Labor Gets Biden Administration Attention
Transportation leaders from government and industry are closely watching labor negotiations, including pending contracts with workers from both UPS Inc. and Yellow Corp.
C.H. Robinson Is Laying Off 300 More Employees
Logistics company C.H. Robinson is cutting another 300 employees, the second round of layoffs in seven months.
White House Envoy Optimistic Port Talks to Produce Deal Soon
A tentative agreement covering longshore workers at the largest U.S. ports is within reach after a year of negotiations between the union and employers, according to Stephen Lyons.
Torc Robotics, C.R. England Team on Autonomous Pilot
Self-driving-trucks technology firm Torc Robotics and refrigerated carrier C.R. England are teaming up on a pilot program.
U.S. Xpress Cuts Corporate Staff Ahead of Knight-Swift Deal
After losses widened in Q1, U.S. Xpress has cut its corporate staff for the third time in the past year as the trucking giant prepares to merge with the larger Knight-Swift Transportation.
Chicago Suburbs Appeal Federal Approval of CPKC Rail Merger
A group of suburban Chicago communities is appealing the federal approval of the Canadian Pacific-Kansas City Southern merger that is expected to bring more freight trains to the area.
Transflo Partners With Comdata to Streamline Fuel Advances
Transflo has partnered with Comdata to introduce Transflo Wallet, a cardless fuel payment system that lets freight brokers send fuel advances to carriers and their drivers via a mobile app.
GXO Reports Record Revenue of $2.3 Billion for Q1
GXO Logistics reported its highest-ever first-quarter revenue when its earnings report was released May 9.
XPO Confirms Job Cuts to Reduce Labor Costs
GREENWICH, Conn. — XPO, one of the world’s largest freight transporters, is reducing its workforce as part of a cost-cutting plan.