News
Werner Reports Lower Q1 Earnings on Higher Revenue
Werner Enterprises’ revenue increased but earnings declined during the first quarter of 2023, the company reported May 3.
TRM Equity Buys Some of National Railway Equipment’s Assets
TRM Equity has acquired some of the assets of National Railway Equipment Co., the Southfield, Mich.-based private equity firm said May 2.
UAW Demands Support for EV Workers Before Endorsing Biden
New leaders of the United Auto Workers are withholding the union’s endorsement for President Joe Biden’s re-election until he shows support for a “just transition” to electric vehicles, according to a letter sent by newly…
XPO beats Q1 expectations, eyes $50M in labor cost reductions
Less-than-truckload carrier XPO beat first-quarter expectations Thursday and provided commentary that sent shares higher. XPO (NYSE: XPO) reported adjusted earnings per share of 56 cents, which was 10 cents higher than the…
CPKC, coal producer Teck to test hydrogen-fueled locomotives
Canadian Pacific Kansas City and Teck Resources will conduct a pilot program starting in early 2024 in which coal used in steel production will be transported from Teck’s mines in southeastern British Columbia to western…
Lessons in leadership and leaving a legacy — Taking the Hire Road
This week on Taking the Hire Road, Jeremy Reymer, founder and CEO of DriverReach, is joined by trucking industry veteran and leader Jay Sewell, president of Sewell Motor Express. The family-owned company has been servicing…
The humble yard dawg
Welcome to the WHAT THE TRUCK?!? Newsletter presented by Dunavant. In this issue, market recovery looks grim; yard dawgs; Flexport’s Shopify buy; and more. Will freight recover in the second half? SONAR Unlikely — Those of…
Werner Reports Lower Q1 Earnings on Higher Revenue
Werner Enterprises’ revenue increased but earnings declined during the first quarter of 2023, the company reported May 3.
Loaded and Rolling: Inbound container volumes cloud freight rebound, FMCSA task force on truck leasing
Inbound container volumes cloud freight rebound (Source: FreightWaves SONAR) SONAR ocean container booking data suggests that the predicted freight rebound in the second half of 2023 may be increasingly unlikely. Import and…
Trinity Industries, GATX and Wabtec see opportunities amid headwinds
Rail equipment manufacturers and rail car lessors see 2023 as a year of opportunities despite lower North American rail volumes in the first quarter. Here’s what officials said about the rail car market during recent…
