With Yellow possibly in its final days if not hours, the timing of earnings calls is perfect for Wall Street analysts to ask trucking executives how their companies could benefit. On Covenant Logistics’ (NASDAQ: CVLG) second-quarter earnings call Thursday, President and COO Paul Bunn acknowledged the opportunity but said the company would not wildly chase…
The world’s largest logistics provider threw cold water on prospects for a measurable rebound in cross-border freight transportation during the normally busy months leading up to holiday shopping events. Kuehne+Nagel and rival powerhouse DSV this week reported sharply lower earnings for the second quarter that aligned with the broader industry’s prolonged downturn, singling out airfreight…
WASHINGTON — The U.S. Department of Transportation has yet to stand up a government office crucial to freight transportation, a worrying sign that new infrastructure projects worth billions in federal dollars may not be receiving the attention and oversight they need. DOT’s Office of Multimodal Freight Infrastructure and Policy (Freight Office), authorized by the Bipartisan…
How much new sick leave and scheduling agreements might cost Union Pacific was one of the main themes of UP’s earnings call Wednesday to discuss second-quarter 2023 results. UP has ratified sick leave agreements with all 13 of its labor unions, according to Eric Gehringer, executive vice president of operations, who said providing sick leave…
Alphabet Inc. is indefinitely delaying its Waymo Via autonomous trucking unit to focus efforts on robot-driven passenger cars for ride hailing. Waymo Via is the latest to head to the sidelines in a shrinking field of autonomous trucking developers. Waymo’s future in autonomous trucking had been whispered about by competitors since massive layoffs at Alphabet…