ArcBest posted lower earnings and revenue on weaker demand for the second quarter, the Fort Smith, Ark.-based carrier announced July 28.
July 31, 2023![Image](/sites/default/files/images/logos/top_50_logistics.png)
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On the Bubble
ArcBest Q2 Profit More Than Halves on Weak Demand
Amazon to Double Number of Same-Day Delivery Facilities
Amazon.com Inc. will double the number of U.S. same-day delivery facilities in the “coming years,” the company announced July 31.
Yellow Ceases Operations
Less-than-truckload company Yellow shut down operations, ending a nearly 100-year history as one of the nation’s largest carriers, and the company began posting notices at terminals.
Yellow Puts Logistics Division Up for Sale
Yellow Corp. says it is shopping its third-party logistics broker, Yellow Logistics, to raise cash as the less-than-truckload company attempts to remain in business.
New Iowa Truck Road Unveiled at Missouri River Barge
A road partially funded by a $1 million U.S. government grant is enabling farmers to move freight from Interstate 29 directly to Iowa’s Port of Blencoe barge terminal on the Missouri River.
Senators Introduce Trucking Safety Bill
Legislation meant to promote highway safety by setting federal standards that further determine a carrier’s competence was recently introduced in the U.S. Senate.
Ryder Posts Q2 Loss on Market Weakness, UK Exit Charge
Ryder System Inc. posted an $18 million loss in the second quarter of 2023, compared with a profit of $239 million in the year-ago period.
Landstar Records Q2 Earnings Drop but Beats Expectations
Landstar System Inc. posted a year-over-year decline in revenue and earnings during the second quarter of 2023, the company reported July 26.
Strategic Tactics Drive Cargo Theft Rise
The trucking industry has faced an increase in cargo thefts this year, with thieves developing more sophisticated and strategic tactics.
Large US-Mexico Truck Crossing to Reopen in Texas
A Mexico border crossing in Texas for commercial truck traffic will reopen after six years starting Aug. 7 to provide an alternative to the Juarez-El Paso land ports of entry.