ºÚÁϳԹÏÍø

UPS Inc. is reducing its overall employee head count by 12,000 workers, which the company says will save more than $1 billion, citing higher labor costs and softening demand.

Most of North America’s largest for-hire carriers operating in many diverse segments of the trucking industry reported higher revenues last year.

With more drivers and equipment to manage, some fleet operators have implemented technology to help navigate the complexity of the industry’s regulations and better manage safety audits.

According to reports from the American Transportation Research Institute, truck parking has been one of the industry’s top concerns for several years.

In the years ahead, the essential task of hauling the nation’s freight and keeping the economy rolling will increas­ingly shift to a new generation of professional truck drivers.

Despite a softer freight environment, most of the largest trucking companies in North America continued to grow their businesses last year even as spot market rates dropped.

XPO Logistics Inc. on Aug. 4 reported record revenue and net income for the second quarter, part of a busy week for the Greenwich, Conn.-based company.

Daseke Inc. saw a decline in earnings despite revenue gains during the second quarter of 2022, the company reported Aug. 2.

ArcBest Corp. posted records for quarterly revenue, operating income and net income for the second quarter of 2022.