SCOTTSDALE, Ariz. — Accelerated retirements, an aging workforce, a decadeslong declining birthrate and low unemployment rate continue to cause challenges for the trucking industry as it seeks to overcome the 80,000-plus driver shortage.
May 18, 2022Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Worker Shortages Snarl Shipping Even as Shanghai Lockdown Eases
China appears to be gradually easing its lockdown of Shanghai, but that won’t bring immediate relief to global supply chain congestion, according to a major shipping company.
May 18, 2022Ryder Expands Last-Mile Delivery Network With Boise Hub
Ryder System Inc. opened a facility in Caldwell, Idaho, as part of a strategic expansion of its last-mile network, the company announced May 17.
May 17, 2022ºÚÁϳԹÏÍø Depot Overcomes Slow Start to Year, Rising ºÚÁϳԹÏÍø Prices
ºÚÁϳԹÏÍø Depot’s first-quarter sales improved despite a slow spring start, and the home improvement chain raised its full-year guidance.
May 17, 2022Retail Sales Show Consumers Standing Firm in Face of Inflation
U.S. retail sales grew at a solid pace in April, reflecting broad-based gains and suggesting demand for merchandise remains resilient despite rampant inflation.
May 17, 2022Icebreaker Shortage Freezes Up Supply Chain on Great Lakes
CLEVELAND — More than 1.6 million tons of cargo ship carrying capacity was delayed for 28 days due to ice conditions on Lake Superior, Lake Huron, Lake Michigan and in Green Bay. A lack of Coast Guard icebreakers hampered efforts to meet the needs of commerce.
May 16, 2022XPO Logistics Considers Sale of Freight-Forwarding Unit
XPO Logistics Inc. is considering a sale of its freight-forwarding unit as it continues to pursue divestitures, according to people with knowledge of the matter.
May 13, 2022Bill Gates Sells $940 Million of CN Rail Stock
Bill Gates sold about $940 million of Canadian National Railway Co. shares, trimming one of the largest holdings of the investment firm that controls his $117 billion personal fortune.
May 13, 2022Ryder Gets $4.4 Billion Takeover Offer From HG Vora
Ryder System Inc. on May 13 confirmed receipt of a $4.4 billion offer to be acquired by HG Vora Capital Management, a proposal that Wall Street analysts said reflects the high value the potential buyer sees in the leasing company’s business.
May 13, 2022U.S. Xpress Cuts 70 Corporate, IT Jobs
After reporting a first-quarter loss of more than $8.9 million May 5, U.S. Xpress Enterprises confirmed May 12 it laid off about 70 of its corporate and information technology staff in response to less-than-anticipated growth in the company’s trucking business.
May 13, 2022