Proficient — the No. 4-ranked auto transporter — expects industry dynamics to improve in 2025, including through a reduction in carrier capacity due to the travails of Jack Cooper Holdings.
February 14, 2025Search
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Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Â
Auto Hauler Jack Cooper Shuts Down After Losing Ford, GM
The dominoes started to topple when automaker Ford decided in January to end its relationship with Jack Cooper, bringing the curtain down on an approximately 40-year relationship.
February 14, 2025Knight-Swift, A. Duie Pyle, TFI Buy Ex-Yellow Terminals
The three carriers bought a total of seven former Yellow terminals in private deals from the bankrupt LTL carrier’s administrators as each sought to bolster its LTL operations.
February 13, 2025Ryder Reports Growth From Strong Operations During Q4
“We are pleased to report that this quarter is the first quarter in the last eight with year-over-year comparable earnings growth," CEO Robert Sanchez said during a call with investors.
February 12, 2025Cemex CEO Fernando González to Step Down After 30 Years
González will be replaced April 1 by Jaime Muguiro, who is the current head of Cemex’s U.S. operations, the company said in a statement.
February 10, 2025Heartland Express Targets Major Operating Ratio Improvement
The Iowa-based company posted a loss in the fourth quarter of 2024 as the ongoing integration of two acquisitions alongside the industrywide freight recession weighed heavily on its OR.
February 10, 2025Hub Group Q4 Profit Falls Despite Intermodal Volume Growth
Fourth-quarter and full-year profit and revenue at Hub Group fell as lower revenue per load outweighed increased intermodal volume amid an ongoing weak freight market, the company said.
February 7, 2025Universal Logistics Reports 19% Gain in Q4 Revenue
Universal Logistics Holdings experienced a 19% year-over-year increase in revenue but a slight dip in net income for the fourth quarter of 2024, the company reported Feb. 6.
February 7, 2025Amazon Posts Strong Q4 Earnings, but Stock Dips on Q1 Outlook
Amazon on Feb. 6 reported better-than-expected revenue and profit for the holiday shopping period, but its share price dipped in after-hours trading due to disappointing guidance for Q1.
February 7, 2025Purolator Buys Livingston to Boost International Operations
Purolator, which specializes in package delivery and is majority owned by Canada Post, sees the deal as an international growth play, particularly as the threat of trade wars grows.
February 6, 2025