For-Hire

About For-Hire News...
Business, Logistics, For-Hire

Freight Recession Still Squeezing Marten鈥檚 Profits, Margins

Profits and margins at Marten Transport continued to weaken in Q2 of 2024, dented by the ongoing industrywide supply-demand imbalance, higher costs and softer freight rates.

July 22, 2024
Business, Logistics, For-Hire

J.B. Hunt Reports $2.9 Billion in Revenue for Q2

J.B. Hunt Transport Services reported that second-quarter net income declined on revenue that fell just short of $3 billion.

July 18, 2024
Business, Technology, For-Hire

Leonard鈥檚 Express Eyes Planning Boost With Optimal Dynamics

Leonard鈥檚 Express will begin deploying Optimal Dynamics鈥 load planning and dispatch software starting in August, executives said July 16.

July 16, 2024
Business, Logistics, For-Hire

Ryder Buys Mobile Maintenance Firm Pit Stop Fleet Service

Ryder System Inc. is set to buy Pit Stop Fleet Service for an undisclosed sum, it said July 15. The deal is expected to close by Aug. 1.

July 16, 2024
Equipment, Safety, For-Hire

Are Air Disc Brakes Worth It?

In choosing brake systems for a commercial fleet, there鈥檚 no wrong answer whether air disc brakes are a right fit versus drum brakes. There are plenty of advantages for both.

July 12, 2024
Government, Business, Equipment, For-Hire

Federal Maritime Commission Reopens Port Chassis Probe

The Federal Maritime Commission has opened a follow-up investigation involving the right of motor carrier choice in chassis provisioning.

July 11, 2024
Business, Logistics, For-Hire

UPS Names Brian Dykes New CFO

UPS Inc. named a company veteran to be its new chief financial officer after the parcel giant鈥檚 former finance leader left the company last month to focus on his health.

July 9, 2024
Government, Business, Safety, Logistics, For-Hire

US Chamber Files Amicus Brief in Werner Verdict

The U.S. Chamber of Commerce has filed a 鈥渇riend of the court鈥 brief with the Texas Supreme Court asking the court to reject a $100 million lower-court jury verdict against Werner Enterprises.

July 1, 2024
Business, Logistics, For-Hire

FedEx鈥檚 Strong Profit Forecast Drives Stock Surge

FedEx Corp. forecast profit above Wall Street鈥檚 expectations and said it would buy back $2.5 billion of its stock over the next year.

June 26, 2024
Business, For-Hire

TFI Inks Fifth 鈥24 Takeover With Tank Truck Carrier Purchase

TFI International acquired Entreposage Marco Inc. for an undisclosed sum, its fifth takeover in 2024 and second of a food-grade liquids hauler, the company announced in a LinkedIn post.

June 24, 2024