Top 100
Penske Truck Leasing Expands in Tampa
Penske Truck Leasing announced it opened a new facility in Tampa, Fla., to upgrade the service it provides to existing customers in the area, as well as the ability to add new customers.
March 30, 2022Yellow Welcomes Labor Secretary Walsh at Driver Training Academy Opening
CARLISLE, Pa. — Executives from Yellow Corp. were joined by Labor Secretary Marty Walsh and Pennsylvania Gov. Tom Wolf at a March 29 ribbon-cutting for the motor carrier’s 17th driving academy, a date that also marked the end of the Biden administration’s 90-day challenge to trucking companies to ramp up training and apprenticeship programs to bring drivers to the industry.
Fred Smith Steps Down as FedEx CEO, Remains Executive Chairman
FedEx Corp. founder Fred Smith is stepping down as CEO of the company and transferring the leadership post to Raj Subramaniam, who currently serves as president and COO, the company announced March 28. Smith will remain as executive chairman.
Amazon Stock Rally Erases Losses for the Year
Amazon .com Inc. shares rallied March 28, with the e-commerce giant becoming the first of megacap tech stocks to erase losses for the year.
XPO Sells Intermodal Unit to STG Logistics for $710 Million
XPO Logistics Inc. announced March 25 it has sold its North American intermodal business to STG Logistics, a Chicago-based provider of import-export and value-added warehouse logistics services, for a cash price of $710 million.
James Hoffa Steps Down as Teamsters President
The International Brotherhood of Teamsters announced general president James Hoffa stepped down after 23 years in the post.
A. Duie Pyle to Open Three Locations in Virginia
A. Duie Pyle is opening three new facilities as part of an effort to expand its services into Virginia, the company announced March 15.
Stevens Transport Announces Its Largest Driver Pay Increase
Stevens Transport has implemented its largest driver pay increase in its 42-year history, the company announced March 18.
March 21, 2022FedEx Reports Record Q3 Revenue on Holiday Surge
Fueled by a strong holiday shopping season by both its business and consumer customers, FedEx Corp. reported higher fiscal third-quarter earnings.
Carriers Suspend Operations in Russia, Ukraine
Transportation companies have been suspending operations in Russia and Ukraine amid the ongoing war between the countries.