The head of international transport and logistics company TFI International (NYSE: TFII) said Tuesday that the company’s U.S. less-than-truckload operation, TForce Freight, has picked up about 3,000 shipments per day since it became clear that LTL rival Yellow Corp. was going out of business. Alain Bedard, chairman, president and CEO, said the U.S. LTL unit…
Uber Freight’s second-quarter earnings before interest, taxes, depreciation and amortization, the key financial metric at the digital brokerage, recorded a large decline from a year ago but improved sequentially. Even with the addition of Transplace, Uber Freight has now had three consecutive quarters of negative EBITDA after three consecutive quarters of barely positive EBITDA. EBITDA…
The August 2023 “State of the Industry Report” — presented in affiliation with Ryder — shares an in-depth overview across the trucking, maritime and intermodal markets, as well as what to expect in the coming weeks. The data contained within the report provides breakdowns of capacity, volumes and rates. In this report, you will find: …
The logistics industry is undergoing a digital transformation, shedding manual practices in favor of cutting-edge technologies like AI. This shift promises to eliminate wasted time and resources, leading the way to a new era of efficiency. In support of this mission, Ryder System Inc. (NYSE:R) said Tuesday it has launched Baton, a Ryder Technology Lab,…
To view more FreightWaves infographics, click here The post Daily Infographic: Tesla prioritizing volume over profit appeared first on FreightWaves.