Old Dominion Freight Line beat the Wall Street consensus estimate on its earnings per share when the Thomasville, N.C., less-than-truckload carrier reported first-quarter results April 25.
April 25, 2019Search
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UPS Sees Payoff From $20 Billion Tech Bet, but Investors Remain Wary
UPS Inc. is counting on algorithms you can’t see to prove that investors were wrong to doubt its three-year, $20 billion technological makeover. It’s all part of CEO David Abney’s bet on squeezing out costs and becoming more nimble as UPS adjusts to surging e-commerce deliveries.
April 23, 2019Cameron Ramsdell to Lead Newly Formed U.S. Xpress Ventures
U.S. Xpress Enterprises Inc. announced it established U.S. Xpress Ventures, a business unit focused on developing and implementing new asset-based business models and technology strategies within the company. It named Cameron Ramsdell president of the new unit.
April 23, 2019Celadon Sells Logistics Group, Hopes for Financial Reporting in Fall
Celadon Group Inc. is selling its Celadon Logistics brokerage and third-party logistics subsidiary in a $60 million deal that helps advance the Indianapolis-based company’s plan to shore up its business in the wake of accounting troubles that date back several years.
April 22, 2019Heartland Express Continues to Post Profit Improvement
Heartland Express Inc. reported another quarter of profit improvement despite a weakening freight environment and bad weather in the first quarter of 2019.
April 22, 2019Roadrunner Board Nominates Donald Brown, Christopher Jamroz
Roadrunner Transportation Systems Inc.’s board of directors has nominated Donald Brown and Christopher Jamroz for election to the board at its annual meeting to be held May 22.
April 22, 2019Prognostics Takes Shape as the Future of Truck Repair
Condition-based maintenance is coming to commercial vehicles, and bringing with it transformative possibilities to expand real-time operational insights, foster an improved warranty process and, perhaps, accelerate sales of replacement parts, experts said.
April 11, 2019Ryder to Shutter California Distribution Center, Lay Off 145 Workers
Trucking and logistics company Ryder System will cease operations at its Moreno Valley, Calif., distribution center, leading to layoffs for 145 employees there.
April 8, 2019Old Dominion Freight Line Unveils Interactive Signage at Mets’ Citi Field
Old Dominion Freight Line is upping its advertising game this season with the New York Mets. The company partnered with Chicago-based Czarnowski to create a three-dimensional replica of an ODFL tractor-trailer at Citi Field.
April 4, 2019XPO Logistics to Launch Enhanced Last-Mile Capabilities Online
XPO Logistics Inc. will launch expanded last-mile capabilities on its XPO Connect digital freight marketplace, company officials said.
April 4, 2019