Looking forward, Chief Financial Officer John Diez said Ryder expects earnings growth in the fourth quarter as a result of its contractual portfolio.
October 24, 2024Logistics News
For the commercial transportation business, moving things from point A to point B is job one. This coverage explores all of those movements at a global level and focuses on everything from global trade, ocean shipping, and port activity to intermodal business, rail operations and the greater supply chain.
Ryder Q3 Profit Slides Even as Acquisitions Boost Revenue
GSA Awards $33.2M for Pacific Highway Port Modernization
The U.S. General Services Administration has awarded a $33.2 million contract to modernize Washington state’s busiest commercial border crossing with Canada.
October 24, 2024Mullen Group Q3 Earnings Dip Despite Revenue Growth
The Okotoks, Alberta-based company posted net income of C$38.3 million, or 41 cents a diluted share, for the three months ending Sept. 30.
October 24, 2024PHMSA Proposes Easing Burdens for Tank Truck Drivers
PHMSA said the proposed rule, announced earlier this month, would provide nearly $100 million in annual cost savings for businesses and consumers.
October 24, 2024Union Pacific’s Profit Grows 9%
OMAHA, Neb. — Union Pacific’s third-quarter profit grew 9% as the railroad delivered 6% more freight and continued to raise prices and streamline its operations.
October 24, 2024Clark Beverage to Open Distribution Facility in Kentucky
C.C. Clark will invest $129 million to build a corporate headquarters as part of a new 300,000-square-foot distribution center along Kentucky’s Interstate 65 corridor.
October 23, 2024Old Dominion Sees First Year-Over-Year Revenue Drop in 2024
Old Dominion Freight Line experienced a slight decline in third-quarter revenue amid ongoing market softness, the company reported Oct. 23.
October 23, 2024Perspective: Trucking Comes Through in Times of Need
In the worst moments, truckers are among the first to arrive, bringing lifesaving medication, water and food, writes new American Trucking Associations Chairman Dennis Dellinger.
October 23, 2024DSV to Kick Off Bond Sale Early to Finance DB Schenker Deal
Danish transport company DSV will start a large bond sale as soon as this year to help pay for its $15.4 billion takeover of DB Schenker ahead of an expected completion in 2025.
October 23, 2024Uber Freight Ups Cross-Border Business as Nearshoring Booms
The Chicago-based logistics platform has seen significant growth, reporting a 77% year-over-year increase in cross-border business from shippers and more than 2,000 daily shipments.
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