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Business, Technology, Logistics, Autonomous, Top 100

UPS Sees Payoff From $20 Billion Tech Bet, but Investors Remain Wary

UPS Inc. is counting on algorithms you can’t see to prove that investors were wrong to doubt its three-year, $20 billion technological makeover. It’s all part of CEO David Abney’s bet on squeezing out costs and becoming more nimble as UPS adjusts to surging e-commerce deliveries.

Thomas Black | Bloomberg News
April 23, 2019
Business, Technology, Logistics, Top 100

Cameron Ramsdell to Lead Newly Formed U.S. Xpress Ventures

U.S. Xpress Enterprises Inc. announced it established U.S. Xpress Ventures, a business unit focused on developing and implementing new asset-based business models and technology strategies within the company. It named Cameron Ramsdell president of the new unit.

April 23, 2019
Business, Logistics, Top 100

Celadon Sells Logistics Group, Hopes for Financial Reporting in Fall

Celadon Group Inc. is selling its Celadon Logistics brokerage and third-party logistics subsidiary in a $60 million deal that helps advance the Indianapolis-based company’s plan to shore up its business in the wake of accounting troubles that date back several years.

Jim Stinson | Staff Reporter
April 22, 2019
Business, Logistics, Top 100

Heartland Express Continues to Post Profit Improvement

Heartland Express Inc. reported another quarter of profit improvement despite a weakening freight environment and bad weather in the first quarter of 2019.

Daniel P. Bearth | Staff Writer
April 22, 2019
Business, Logistics, Top 100

Roadrunner Board Nominates Donald Brown, Christopher Jamroz

Roadrunner Transportation Systems Inc.’s board of directors has nominated Donald Brown and Christopher Jamroz for election to the board at its annual meeting to be held May 22.

April 22, 2019
Business, Top 100

P.A.M. Transportation Reports Record 1Q Earnings

Continuing a trend that started in 2017, higher rates from customers in a strong freight market produced record profits for P.A.M. Transportation Services in the first quarter of 2019.

Dan Ronan | Senior Reporter
April 19, 2019
Business, Top 100, TCA

UPS CEO David Abney Earns Horatio Alger Award

For more than 70 years, the Horatio Alger award has been bestowed upon individuals who have overcome adversity to achieve success and remained committed to both higher education and helping others. So UPS CEO David Abney is in good company. But his 3-year-old grandson's reaction to the news has kept him humble.

Gracie Bonds Staples | Atlanta Journal-Constitution
April 16, 2019
Business, Top 100

J.B. Hunt Earnings, Revenue Higher in 1Q, but Miss Wall Street Projections

J.B. Hunt Transport Services reported on April 15 a year-over-year bump of 7% in first-quarter revenue to $2.09 billion compared with $1.95 billion for the same period in 2018.

Dan Ronan | Senior Reporter
April 15, 2019
Business, Technology, Equipment, Safety, Logistics, Top 100

Prognostics Takes Shape as the Future of Truck Repair

Condition-based maintenance is coming to commercial vehicles, and bringing with it transformative possibilities to expand real-time operational insights, foster an improved warranty process and, perhaps, accelerate sales of replacement parts, experts said.

Roger Gilroy | Senior Reporter
April 11, 2019
Business, Logistics, Top 100

Ryder to Shutter California Distribution Center, Lay Off 145 Workers

Trucking and logistics company Ryder System will cease operations at its Moreno Valley, Calif., distribution center, leading to layoffs for 145 employees there.

Jack Katzanek | The Press Enterprise (Riverside, Calif.)
April 8, 2019