SAIA’s record-breaking quarter, the latest in a string of blowout financial reports by LTL companies, drew rapid applause from Wall Street. At approximately 12:45 p.m Thursday, the stock of Saia (NASDAQ: SAIA) was up 8.36% to $221.82. That was the…
What started as 140 characters and morphed into a destination platform for news and information as well as engagement with friends and like-minded individuals — is now embracing shopping. Twitter on Thursday announced Shop Module, a dedicated space atop a…
Ongoing strong demand for freight helped Schneider National report second-quarter adjusted earnings per share of 60 cents, 16 cents ahead of analysts’ expectations and 34 cents better than the prior-year result. Expecting “excess demand” for freight to continue the rest…
Canadian Pacific has a number of options it can pursue should the regulatory and market environments not be conducive to mergers and acquisitions, executives said during the railway’s second-quarter 2021 earnings call on Wednesday. Besides CP’s “unique origin strengths” and…
Despite the early-morning hour, 5:15 a.m. Thursday in the Netherlands, the Ever Given “arrived amid great interest,” according to a Port of Rotterdam statement. Normally a container ship’s arrival in port does not warrant a press release. But the case…
Autonomous trucking software developer TuSimple will use some of Ryder System Inc.’s more than 500 maintenance terminals to stretch its supervised driverless freight network from Arizona to Florida by the end of the year. The addition of selected Ryder facilities…
Wabash National Corp. is ramping down traditional refrigerated capacity and converting the floor space to add 20% more dry vans by 2023, counting on freight demand lasting well beyond the current peak. “As we think about the past, present and…
Chinese ride-hailing giant Didi (NYSE: DIDI) has denied a Wall Street Journal report Thursday morning that said the recently public company was considering a privatization plan to satisfy Chinese regulators. Citing “people familiar with the matter,” the WSJ said the…
Ryder System (NYSE: R) was set to have a significantly better second quarter in 2021 than 2020, when it posted a big loss on the back of a drop in revenue because of COVID-19 and writedowns connected to the value…
Trevor Milton, the founder of electric truck startup Nikola, has been charged with three counts of fraud by the U.S. Attorney’s Office in connection with the investigation into the electric vehicle start-up. Federal prosecutors in Manhattan accused Milton, who resigned…
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