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Business, Logistics, Global Freight, Top 100

DSV Secures $5.4 Billion in Bonds for DB Schenker Deal

The Danish transport company sold a six-part bond deal with maturities ranging from two to 10 years, according to a person familiar with the matter.

October 30, 2024
Business, Logistics, For-Hire, Top 100

Covenant's Q3 Net Income and Revenue Take Slight Dips

The company reported third-quarter net income of $13 million, or 94 cents per share, compared with $13.5 million, 99 cents, in the year-ago period.

October 29, 2024
Business, Private, Top 100

PepsiCo to Close Chicago Plant, Offer 60 Days鈥 Pay

PepsiCo said the decision was difficult, but it described the 60-year-old building as a facility with 鈥減hysical limitations.鈥 The company said it would pay workers for the next 60 days

October 28, 2024
Business, Logistics, For-Hire, Top 100

Ryder Q3 Profit Slides Even as Acquisitions Boost Revenue

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, 2024
Business, Logistics, For-Hire, Top 100

Mullen 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, 2024
Business, Logistics, Top 100

GXO Considering Sale Amid Interest From Potential Buyers

The Greenwich, Conn.-based company is working with financial advisers, said sources who asked not to be identified because the details aren鈥檛 public.

October 11, 2024
Business, Logistics, Global Freight, Top 100, Top 50

DHL Lays Out Plan to Boost Revenue 50% by 2030

DHL Group, the trading name of Deutsche Post AG, unveiled a new strategy aimed at increasing revenue by 50% by 2030 through various growth initiatives.

September 23, 2024
Business, Safety, For-Hire, Private, Top 100

ATA Honors Professional Drivers During Weeklong Celebration

Top commercial drivers highlighted the trucking workforce鈥檚 role in promoting transportation safety and economic prosperity nationwide at an event near the U.S. Capitol.

September 20, 2024
Business, Logistics, For-Hire, Global Freight, Top 100, Top 50

FedEx Cuts Forecast After Tough Quarter for Deliveries

FedEx Corp. cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.

September 19, 2024
Government, Business, Safety, Logistics, For-Hire, Top 100

USDOT Praises Trucking鈥檚 Efforts in New Trafficking Report

The report, three years in the making and made public on Sept. 6, lauds the trucking industry for its efforts to join the fight at high-level federal and state government agencies.

September 19, 2024