Profit and revenue at Landstar System Inc. fell in the second quarter of 2024, largely on the back of truckload market weakness.
August 1, 2024Search
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TT's Seth Clevenger, Michael Freeze and Keiron Greenhalgh break down what ACT Expo revealed about trucking's road to sustainability.
Sluggish Global Economy Weighs on Germany’s DHL in Q2
FRANKFURT — German logistics and delivery giant DHL reported second-quarter net profit of $802 million, a decline of 23.9% from a year ago, as a sluggish global economy dampened demand.
August 1, 2024Maersk Boosts Full-Year Guidance
A.P. Moller-Maersk, a bellwether for global trade, increased its full-year guidance due to higher freight rates caused by supply chain disruptions following attacks in the Red Sea.
August 1, 2024Daimler Truck Cuts Outlook on Weaker Demand in Europe, Asia
Daimler Truck Holding AG lowered its outlook for 2024, following other truck makers that have trimmed forecasts on softening sales as demand in Europe and Asia weakens.
August 1, 2024Senate Panel Approves TSA Clearance Bill for Truckers
A committee in the U.S. Senate recently approved a bill that would facilitate commercial drivers’ applications for security credentials.
July 31, 2024Text Message Scammers Seek Fake Toll Fees in Multiple States
The FBI and tolling operators across the nation are issuing warnings about “smishing” text message scams asking people to pay fake toll charges on fraudulent websites.
July 31, 2024Werner Spots Signs of Hope Despite Disappointing Q2
Profit dropped at Werner Enterprises Inc. in the second quarter of 2024 as revenue slid more than analysts expected on the back of continued freight weakness, although executives are seeing more room for optimism from the last few weeks.
July 31, 2024Fed Weighs Potential Rate Cut, First in Four Years
With the end of their two-year fight against inflation in sight, Federal Reserve officials are likely July 31 to set the stage for the first cut to their key interest rate in four years, a major shift in policy that could eventually lower borrowing costs for U.S. consumers and businesses.
July 31, 2024Tyson, JBS Set for Earnings Spike From Poultry Rebound
Companies including Tyson Foods and JBS SA, which control a sizable chunk of global meat supplies, are set to report a spike in earnings for the quarter ended in June as a rebound in poultry profits counterbalances a downturn in their U.S. beef operations.
July 31, 2024Transportation Jobs Up in July ADP Data; Overall Hiring Slows
US companies added the fewest number of workers since the start of the year and wage growth slowed, consistent with signs of a softer labor demand. But the transportation sector showed resilience.
July 31, 2024