News
Rush Enterprises keeps momentum in softening Class 8 aftermarket
High interest rates and low freight rates slowed the growth of Class 8 aftermarket sales at Rush Enterprises in the third quarter. But the nation’s largest network of truck dealerships found plenty of offsets to support…
Canadian Pacific Kansas City sees Q3 net income fall 12%
A 44% increase in revenue in the third quarter was not enough to offset higher expenses at Canadian Pacific Kansas City. The railway reported net profit of CA$780 million (US$565 million) in the third quarter of 2023, down…
House Transportation Lawmakers Spotlight Highway Trust Fund
Transportation leaders in the U.S. House of Representatives recently raised awareness about the funding needs of an account central to highway projects.
North American peak inventory levels balanced, DHL unit CEO says
North American manufacturers and retailers hold sufficient in-stock inventory heading into the peak-season cycle, the CEO of North America for contract logistics giant DHL Supply Chain said Wednesday. In a phone interview,…
The Top Food Trends of 2024
It’s that time of the year again — time to take a look at the trends shaping the food industry in the year ahead. To give you a picture of what consumers will be craving, we’ve rounded up some of the latest predictions for…
Old Dominion says Yellow freight redistribution not settled
Carrying excess capacity through the downcycle allowed Old Dominion Freight Line to minimize impacts to service as it onboarded Yellow’s abandoned shipments. The less-than-truckload carrier beat third-quarter expectations…
CargoX consortium leads development of Uganda’s trade facilitation platform
Document transfer solutions provider CargoX announced it has been chosen to support Uganda’s Presidential Advisory Committee on Exports and Industrial Development (PACEID) as it looks to build out a platform to service the…
Convoy sold; theft of 2 million dimes; escalating truck insurance – WTT
On today’s episode of WHAT THE TRUCK?!? Dooner is talking to the newly married Rachel Premack. She’s talking about the final days of Convoy, how it was able to raise money so fast, if it found a buyer and if it’s the first…
Ryder CEO sees freight market nearing ‘bottom’
Ryder System Inc.’s third-quarter net income declined 35% year over year (y/y) compared to the same period in 2022, as demand for rental trucks and fleet management softened. The Miami-based company announced its…
Carter signed polarizing anti-rebating bill into law in 1979
FreightWaves Classics is sponsored by Old Dominion Freight Line — Helping the World Keep Promises. Learn more here. FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and…
