This summer is shaping up to deliver a very strong season for produce. With capacity as tight as it is now, many industry leaders are speculating that any difficulty in sourcing refrigerated trailers may impact the dry van segment as…
This is a developing story. More details to come. Uber Freight announced it will acquire Transplace for $2.25 billion — an acquisition that “will create one of the leading logistics technology platforms, with one of the largest and most comprehensive…
On July 7, Energy Fuels Inc. made its first regular shipment of a rare earth carbonate called monazite from the United States to Europe. The metal started in a mine in southern Georgia, then was shipped to a Utah processing…
Covenant Logistics Group (NASDAQ: CVLG) reported adjusted second-quarter earnings of 96 cents per share after the close Wednesday, ahead of the consensus estimate of 67 cents per share. Adjusted net income was $16.3 million compared to just north of $400,000…
Canadian trucking and logistics company Mullen Group (TSX:MTL) reported a double-digit jump in revenue in the second quarter Wednesday as it reaped the benefits of a strong freight market and acquisitions. The Alberta-based firm reported net income of CA$21.7 million…
Two environmental groups have thrown down the gauntlet to 15 of the world’s most prominent companies, demanding they achieve emissions-free ocean shipping by 2030, contractually agree to ship their goods on zero-emission vessels, and reject “false solutions” like liquefied natural…
Freight broker Landstar System (NASDAQ: LSTR) reported record quarterly revenue and net income for the 2021 second quarter Wednesday after the market close. The Jacksonville, Florida-based company posted $2.40 per share, exceeding its recently raised guidance, which called for earnings…
The sale of property rights of CSX-owned line segments in Virginia more than doubled CSX’s net profits for the second quarter of 2021 compared with a year ago. The eastern U.S. railroad posted net earnings of $1.17 billion, or 52…
As prices for newer used trucks keep accelerating, older used trucks in rougher shape began appearing in June auctions, commanding less money but filling a yawning gap in capacity. Pricing for lower-mileage trucks remains sky-high, according to J.D. Power Valuation…
Triumph Bancorp’s second-quarter earnings report reflected that the bank — a leading supplier of funds to the trucking industry through factoring — is having no trouble collecting on its loans.It is having strong performance on its loans even as it…
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