Total second-quarter revenue jumped 19% year-over-year for PayPal (NASDAQ: PYPL), falling slightly short of analyst expectations. The company’s shares saw an 8% drop after the close. The company said net revenue was $6.24 billion and total payment volume (TPV) increased…
Old Dominion Freight Line Inc. has sent a message to truckload carriers that want the LTL operator to haul their so-called spillover freight: Don’t call us and we probably won’t call you. Like many LTL carriers, Old Dominion (NASDAQ:ODFL) isn’t…
Echo Global Logistics (NASDAQ: ECHO), the Chicago-based freight brokerage, reported financial and operating results for the second quarter of 2021 on Wednesday after markets closed. The continued recovery of freight volumes and much higher trucking rates led to a record-breaking…
President Joe Biden highlighted a production problem that Mack Trucks and other truck manufacturers have been facing this year because of a global shortage of computer chips that enable engine operations. On a tour of Mack Trucks’ assembly plant in…
Canadian bulk carrier Trimac Transportation announced Wednesday it has acquired technology-driven freight brokerage Zengistics Inc. Terms of the deal were not disclosed. “This is an exciting benchmark in our Trimac history and we are delighted to partner with such a…
Aterian Investment Partners, a private investment firm, through its portfolio company Xpress Global Systems LLC, has acquired Delta Distribution/Michigan Carpet, a specialized flooring less-than-truckload company headquartered in Grand Rapids, Michigan. The deal was announced Wednesday. No financial terms were disclosed.…
On today’s episode, Dooner and The Dude are talking about how Schneider is supporting professional driver Mitch Palmer’s daughter, Krysta, a member of the U.S. diving team at the Tokyo Olympics. Andy Berke, BlueGrace Logistics’ senior sales director, gets us…
Statistically speaking, summertime has the highest frequency of vehicle theft, which is why the National Highway Traffic Safety Administration declared July as Vehicle Theft Prevention Month. Not only do drivers need to consider shifts in behavior but also the technology…
“Culture” has become a buzzword synonymous with impassioned mission statements and quirky office perks. In reality, culture goes far beyond ping pong tables and casual Fridays. When a company defines their culture, they are defining their values. That is why…
There are many people interested in former transportation companies, whether they were trucking companies, railroads, airlines or ocean lines. They are called “fallen flags,” and the term describes those companies whose corporate names have been dissolved through merger, bankruptcy or…
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