Landstar System Inc. posted declines in net income and revenue during the fourth quarter of 2023, the company reported Jan. 31.
February 1, 2024Search
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Seth Clevenger and Mike Senatore dive into the Transport Topics Top 100 list of the largest logistics companies. They address trade challenges, mergers, sector trends and more.
Ryder to Acquire Cardinal Logistics
Ryder System Inc. is acquiring Cardinal Logistics in a deal that will add 2,900 power units, 3,400 drivers and 200 operating locations to its existing network.
February 1, 2024Forward Air Completes Acquisition of Omni Logistics
Forward Air on Jan. 25 announced the completion of its long-pending acquisition of Omni Logistics, with both companies’ leaders touting the benefits of the merger.
January 31, 2024UPS to Cut 12,000 Jobs, Explore Sale of Coyote Amid Weak Q4
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.
January 30, 2024VMRS Portal Is Nearly Here
The Vehicle Maintenance Reporting Standards system is undergoing major updates, including an online portal and codes for electric vehicles.
February 2, 2024Kodiak Opens Truck Port at Ryder Facility in Houston
Kodiak Robotics opened a second truck port for its autonomous semis at a Ryder System Inc. fleet maintenance facility in Houston, the companies said Jan. 23.
January 25, 2024Knight-Swift Reports 11% Revenue Increase for Q4
Knight-Swift Transportation Holdings profits dropped during the fourth quarter but the carrier experienced an increase in revenue, the company reported Jan. 24.
January 25, 2024Forward Air Reaches Deal With Omni Logistics on Acquisition
Forward Air Corp. and Omni Logistics have settled litigation surrounding a planned merger that allows a deal to proceed under amended terms, the companies announced Jan. 22.
January 22, 2024J.B. Hunt Reports Revenue Declined to $3.3 Billion for Q4
J.B. Hunt Transport Services Inc. reported a decline in fourth-quarter earnings as a result of weaker performance across its segments and rising insurance costs, the company reported Jan. 18.Â
January 19, 2024Industry Takes Fresh Look at Reverse Logistics
Reverse logistics — the management and movement of returned goods — is one of the most significant systems in the economy, and one of the most complicated.Â
January 10, 2024