Forward Air has filed a counterclaim against Omni Logistics in response to a lawsuit Omni filed alleging that Forward has not followed through on a planned merger between the companies.
November 13, 2023For-Hire
Forward Air Files Counterclaim Against Omni on Merger
Werner Enterprises Reports Earnings Drop on Steady Revenue
Werner Enterprises experienced a year-over-year drop in earnings on a slight decrease in revenue during the third quarter, the company reported Nov. 1.
November 2, 2023Forward Air Reports 82% Earnings Drop During Q3
Forward Air Corp. reported an 82.2% drop in earnings during the third quarter of 2023 as revenue declined amid a weak freight environment, the company reported Oct 30.
November 1, 2023Jack Cooper Making $2 Billion Bid for Bankrupt Yellow
Jack Cooper Transport is reportedly making a nearly $2 billion bid to snatch up the assets of Yellow, the trucking firm that collapsed in late July and filed for bankruptcy.
October 31, 2023Court Approves Yellow Administrators鈥 Auction Plans
A court on Oct. 27 approved plans by the administrators of聽Yellow to use auctioneers to sell the company鈥檚 rolling stock, as Jack Cooper Transport eyes a bid to rescue the motor carrier.
October 30, 2023XPO Reports Revenue Increase Despite Tough Conditions
XPO posted an increase in revenue but a dip in profit during the third quarter amid a challenging freight environment, the company said Oct 30.
October 30, 2023Universal Reports Revenue Decline Amid Q3 Headwinds
Universal Logistics Holdings experienced an overall decrease in revenue, with each segment facing year-over-year declines for the third quarter of 2023, the company reported Oct 26.
October 27, 2023Ryder Reports Slight Revenue Decline for Q3
Ryder System Inc. experienced a slight decline in year-over-year revenue amid market headwinds during the third quarter of 2023, the company reported Oct. 25.
October 26, 2023Estes Express IT System Fully Restored, COO Says
Estes Express Lines鈥 information technology systems are 鈥渃ompletely restored鈥 after a cyberattack earlier in October, according to Chief Operating Officer Webb Estes.
October 26, 2023UPS Reports Lower Earnings on Labor Deal Costs
UPS Inc. cut its annual profit target on a spike in costs from a new union labor contract and weaker package demand.
October 26, 2023Follow Us
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