Cold storage warehouse operator Lineage Inc. said it plans to share $100 million from the proceeds of its successful initial public offering with employees. The Novi, Michigan-based real estate investment trust said Thursday that many of its 16,000 U.S. workers will receive one-time stock awards or restricted stock units (RSUs) following its July 25 debut…
Schneider National officials said while they can’t predict if a freight market inflection will occur soon, the market is showing signs of improvement. The Green Bay, Wisconsin-based truckload carrier reported adjusted earnings per share of 21 cents for the second quarter before the market opened Thursday. The company’s second quarter adjusted earnings per share was…
DHL Group said Thursday that operating profit fell 20.5% in the second quarter. But it is on track to meet full-year targets as sluggish economic activity weighs on international trade and freight transportation. DHL’s (DXE: DHL) revenue bumped up 2.7% to 20.6 billion euros ($22.3 billion) while earnings before interest and taxes slumped to $1.5…
WASHINGTON – Senate Republicans have effectively killed tax legislation with truck-friendly provisions that had bipartisan support when it passed the House in January. The Tax Relief for American Families and Workers Act of 2024, a $79 billion tax package, allows accelerated depreciation for capital investments and provides more generous deductions for interest expenses — provisions…
Werner’s Q2 earnings: Too early for an inflection but promising signs ahead (Chart: Werner Enterprises) Werner Enterprises recently released its Q2 numbers which saw its Truckload Transportation Services, a combination of one way and dedicated, decrease by 8.6% in average truck count to net a 3% higher revenue per truck per week. The company’s operating…