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J.B. Hunt Reports $2.9 Billion in Revenue for Q2

J.B. Hunt Transport Services reported that second-quarter net income declined on revenue that fell just short of $3 billion.

July 18, 2024

UPS Names Brian Dykes New CFO

UPS Inc. named a company veteran to be its new chief financial officer after the parcel giant’s former finance leader left the company last month to focus on his health.

July 9, 2024

US Chamber Files Amicus Brief in Werner Verdict

The U.S. Chamber of Commerce has filed a “friend of the court” brief with the Texas Supreme Court asking the court to reject a $100 million lower-court jury verdict against Werner Enterprises.

July 1, 2024

FedEx’s Strong Profit Forecast Drives Stock Surge

FedEx Corp. forecast profit above Wall Street’s expectations and said it would buy back $2.5 billion of its stock over the next year.

June 26, 2024

UPS to Sell Coyote Logistics to RXO

UPS Inc. has entered into a definitive agreement to sell its asset-light freight brokerage business, Coyote Logistics, to RXO Inc., the company announced June 23.

June 24, 2024

Artur Express to Run 100 Kodiak Self-Driving Sleeper Trucks

Artur Express plans to operate 100 sleeper trucks with Kodiak Robotics’ self-driving truck technology installed in a partnership between the companies, they said.

June 18, 2024

Efficient Use of Space Is Key in Weak Freight Market: Study

Over-the-road carriers waiting for an upturn in the freight cycle must make the most efficient use of their trucks’ space to best ride out ongoing market weakness, according to CSCMP.

June 18, 2024

Werner CEO Says Freight Market Is Returning to Normal

Werner Enterprises CEO Derek Leathers said patterns emerging in the cargo marketplace point to a long-awaited adjustment that could help lift trucking out of its persistent freight recession.

June 17, 2024

FedEx to Cut Up to 2,000 Europe Jobs

FedEx Corp. plans to cut as many as 2,000 jobs in Europe, the latest move by the package delivery giant to streamline its global workforce and rein in costs.

June 12, 2024