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Celadon will record a goodwill impairment charge up to $62.4 million before taxes as part of a review into the company’s value after questions arose about how it valued used trucks transferred to a joint venture last year.

Car hauler Jack Cooper Enterprises Inc. and Jack Cooper Holdings Corp. have averted a Chapter 11 bankruptcy on June 29 after nearly 99% of those holding debt approved a plan to send back notes and receive fractions on the dollar.

XPO Logistics is designing a testing center for the next generation of supply chain management, which would automate warehousing, CEO Brad Jacobs told Transport Topics in a one-on-one interview.

FedEx Corp. reported a sharp increase in annual profits, rocketing 65% year-over-year and easily beating forecasts by a consensus of industry analysts.

Truck tonnage rose 4.8% in May compared with one year ago, the largest year-over-year gain since November 2016, according to the monthly American Trucking Associations index, suggesting that the freight market has tightened in recent weeks.

XPO Logistics celebrated drivers with at least 1 million accident-free miles at a two-day celebration in Ann Arbor, Mich., in mid-June, including a question-and-answer session hosted by company CEO Brad Jacobs.

FedEx Corp. reported profits grew year-over-year, increasing 65% over the last 12 months and easily beating the Bloomberg News consensus forecast on both an annual and quarterly basis.

The amount of time it took the average truck driver to do business at the two largest North America ports rose six minutes year-over-year in May due to backups at Total Terminals International, according to data from the Harbor Trucking Association.

The amount of time it took the average truck driver to do business at the two largest North America ports rose six minutes year-over-year in May due to backups at Total Terminals International, according to data from the Harbor Trucking Association.