By this point in the earnings cycle, the trends are firmly established with what most transportation companies experienced in their finances during the prior quarter. Expeditors International (NASDAQ: EXPD) is no different. The asset-light logistics company, which is a member…
The Daily Dash is a quick look at what’s happening in the freight ecosystem. In today’s edition, we highlight Navistar’s Class 8 truck recall, a congressional report into COVID relief loans, a potential merger and more. The High Five 1.…
Constable Gianni Parmigiano of the Peel Regional Police was on patrol in the Toronto suburb of Mississauga when a tractor-trailer caught his eye. Something seemed a little odd with the rear license plate. So Parmigiano, also a commercial vehicle inspector…
Logistics provider ArcBest Corp. (NASDAQ: ARCB) reported record first-quarter results Tuesday. Adjusted earnings per share were $1.01 compared to the consensus estimate of 58 cents per share and the year-ago result of 36 cents per share. Total revenue increased 18.2%…
JD Logistics, the logistics entity for Chinese e-commerce leader JD.com (NASDAQ:JD), was approved for an initial public offering (IPO) by the Hong Kong Stock Exchange. The spinoff could raise up to $4 billion, following the lead of its sibling spinoff,…
As the trucking industry considers the costs, challenges and social impacts of switching to alternative fuels to reduce its carbon footprint, the National Biodiesel Board (NBB) has released a report on the health and economic impacts of replacing ultra-low sulfur…
BREAKING VIDEO This truck driver took a direct hit from a #tornado in the #Atlanta metro area. Thankfully she is safe, but tree and building damage litters the area.#GAwx #damage #tornadodamage pic.twitter.com/UFyVNADS3C — WeatherNation (@WeatherNation) May 3, 2021 Intense thunderstorms…
TravelCenters of America (NASDAQ: TA) lost money in the first quarter of the year but still showed signs of improvement by many measures as it continues to go through restructuring. The net loss of $5.7 million was less than the…
The weekly average retail price published by the Department of Energy’s Energy Information Administration rose Monday, the first time it has posted an increase in six weeks. The latest price is $3.142/gallon, up 1.8 cents from last week. Last week’s…
The powerful surge in demand and pricing now coursing through transport modes will last through the rest of 2021, continue through all of 2022 and could extend well into 2023, Deutsche Bank analyst Amit Mehrotra said in a note published…
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