Universal Logistics Holdings beat fourth-quarter expectations despite experiencing a year-over-year decline in revenue and earnings, the company detailed Feb. 15.
February 16, 2024No rankings are available for this year.
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Universal Logistics Beats Q4 Expectations
Social Media Platforms Open Fleets to Newer Recruiting Pool
Fleets are looking more to social media platforms to increase brand awareness, reach new customers and, increasingly, find new employees.
Kenan Advantage Group Enters Dry Bulk Sector
Kenan Advantage Group bought Northern Dry Bulk for an undisclosed sum, marking its first major foray into dry bulk haulage, the top-ranked tank transporter said.
GXO Reports Profit, Revenue Increased in Fourth Quarter
GXO Logistics reported an increase in revenue and earnings year-over-year during the fourth quarter, despite the softer freight market, the company detailed Feb. 14.
Portland Port Asks Oregon for $10M to Save Container Service
Facing a $14 million shortfall, the Port of Portland is asking Oregon legislators for a $10 million injection this year to avoid ending container service at Terminal 6.
Ryder Q4 Profit Slides on Weak Used Truck Prices, Rentals
Profits at Ryder System Inc. fell 39.8% in the fourth quarter of 2023 as weak freight conditions again sapped strength from used vehicle sales prices and rental activity, it said Feb. 14.
FMC: Sanctions Against Yemen Should Be Considered
Federal Maritime Commissioner Carl Bentzel says his office wants the U.S. government to investigate whether economic sanctions are warranted against Yemen.
Senators Introduce Freight Border Bill
Legislation meant to ensure border security staff remain at commercial ports of entry was recently introduced in the U.S. Senate.
XPO Looks to Lower Leverage, May Buy Back Debt Early, CFO Says
Less-than-truckload carrier XPO Inc. is working to reduce its leverage after it purchased assets from Yellow Corp. and might consider buying back some of its debt at par, its finance chief said.
California Ports Deploying Air Pollution Capture for Ships
Long Beach, Calif.-based startup Stax Engineering has deployed pollution-capturing tech at multiple ports for the first time, servicing ships at the ports of L.A., Long Beach and Oakland.