Top 100
FedEx Closes Hong Kong Crew Base Amid Stricter COVID Rules
FedEx Corp. is shutting its crew base in Hong Kong, the world’s busiest international cargo hub, and relocating its pilots as the city considers stricter measures on flight crews to curb the spread of COVID.
Amazon Brand Owner Heyday Raises $555 Million in Funding Round
Heyday, a platform that buys and builds consumer brands that sell on Amazon .com Inc., raised $555 million in a funding round led by Raine Group and Indian tycoon Azim Premji’s investment firm.
Walmart Boosts Outlook as Sales Rise Despite Inflation
Walmart Inc. surpassed Wall Street’s expectations and lifted its outlook again, signaling that the retail giant is weathering global supply chain snarls and rising inflation.
Tyson Foods’ Earnings Beat Estimates on Soaring Meat Prices
Tyson Foods Inc., the top U.S. meat company by sales, reported better-than-expected earnings as surging prices for beef and chicken helped to offset a decline in volumes amid a tight labor market.
Winter Preparedness for Fleets Starts Long Before the Cold Arrives
As preparedness is the best defense against the rough elements, winterizing vehicles is an essential part of maintenance and safety.
J.B. Hunt Execs Say Mandate Issues Extend Beyond Drivers
The question of how a federal vaccine mandate might affect transportation workers other than truck drivers must be considered amid broader discussion of the proposal, an industry executive said at a recent event.
Werner CEO Voices Concern Over Vaccine Mandate
Werner Enterprises CEO Derek Leathers during a recent event said that while his company is encouraging staff to get a COVID-19 vaccination, he noted the nature of the work in trucking — and of the workforce itself — suggests a vaccination mandate is not an ideal path.
Strong M&A Market Continues
Trucking is continuing to see an active mergers and acquisitions market with several deals recently announced.
TFI Reports 124% Jump in Revenue for Q3
TFI International saw adjusted net income increase 59% during the third quarter of 2021, the company reported Oct. 28.
Revenue Rises, Profit Drops for Mullen Group in Q3
Canadian carrier Mullen Group Ltd. reported record revenue but saw profits decline in the third quarter.