Schneider Reports 18% Earnings Decline for Q4
Schneider experienced an 18% year-over-year drop in fourth-quarter earnings, the company reported Feb. 2.
ODFL Reports Record-Setting 2022; CEO Transition Plan Announced
Old Dominion Freight Line capped a record-setting year with revenue and earnings increases in the fourth quarter of 2022, the company reported Feb. 1, one day after revealing its l
Landstar System Reports Revenue Decline for Q4
Landstar System Inc. experienced a year-over-year decline in revenue and earnings during the fourth quarter of 2022, the company reported Feb. 1.
Fleets, Tech Developers Chart Course to More Sustainable, Efficient Supply Chains
LAS VEGAS — Electric and autonomous vehicles can help build more sustainable and efficient supply chains, but the freight transportation sector will need to overcome various chal
Jobless Aid Filings Lowest Since April 2021
U.S. applications for jobless aid fell again last week to their lowest level since April, further evidence that the job market has withstood aggressive rate hikes by the Federal Re
ATA President Chris Spear Presses House Panel on IIJA Oversight, Freight Workforce
WASHINGTON — Advancing supply chain connectivity programs and promoting the freight workforce are priorities American Trucking Associations President Chris Spear called on Congre
Daimler Automation Head Says Collaboration Key to Tech’s Success
LAS VEGAS — The leader of Daimler Truck North America’s autonomous technology division said the path to self-driving trucking will advance through partnerships like those her c
Fed Lifts Rate by Quarter-Point, Signals More Hikes Ahead
WASHINGTON — The Federal Reserve extended its fight against high inflation on Feb. 1 by raising its key interest rate by a quarter-point, its eighth hike since March.
FedEx to Cut Management Jobs by More Than 10%
FedEx Corp. is cutting global officer and director jobs by more than 10%, the courier’s latest cost-saving measure as economic concerns and waning e-commerce weigh on demand for
Rivian Cuts 6% of Workforce, Spares Blue Collar Workers
Rivian Automotive Inc. is reducing its headcount by 6%, but sparing assembly line workers at its sole operational plant in Normal, Ill., from the cutbacks.