After losses widened in Q1, U.S. Xpress has cut its corporate staff for the third time in the past year as the trucking giant prepares to merge with the larger Knight-Swift Transportation.
May 12, 2023Search
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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.
XPO Confirms Job Cuts to Reduce Labor Costs
GREENWICH, Conn. — XPO, one of the world’s largest freight transporters, is reducing its workforce as part of a cost-cutting plan.
May 9, 2023ATA Leadership Touts Wins on Federal, State Levels
HOLLYWOOD, Fla. — The trucking industry is scoring wins on the national and state levels, said American Trucking Associations President Chris Spear at the Mid-Year Management Session.
May 9, 2023Diesel Tumbles 9.6¢ to $3.922 a Gallon
The national average price for a gallon of diesel tumbled 9.6 cents — its largest drop of the year — to reach $3.922, according to Energy Information Administration data released May 8.
May 8, 2023Yellow Reports Q1 Loss
Less-than-truckload carrier Yellow Corp. announced first-quarter earnings May 3 that missed Wall Street revenue and income expectations.
May 4, 2023Ryder Introduces Electric Vehicle Service
ANAHEIM, Calif. — Ryder System Inc. has introduced an electric vehicle program that includes advisers, electric vehicle leasing, vehicle charging, telematics and maintenance services.
May 2, 2023Forward Air Reports Revenue and Earnings Decline for Q1
Forward Air Corp. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported May 1.
May 1, 2023FedEx Freight Plans Closure of 29 Locations
FedEx Freight informed team members internally May 1 that it will be closing 29 freight locations and furloughing certain job classes.
May 1, 2023Penske to Acquire Michigan-Based Star Truck Rentals
Reading, Pa.-based Penske Truck Leasing plans to acquire Star Truck Rentals, a transportation services company that operates facilities in Indiana and Michigan.
May 1, 2023Hub Group Reports Revenue and Earnings Decline for Q1
Hub Group Inc. experienced a year-over-year decline in revenue and earnings during the first quarter of 2023, the company reported April 27.
April 28, 2023