Although some of the metrics at TriumphPay weakened in the second quarter, the trucking-focused Triumph Financial said that segment — which management sees as the key to its future — continued to move toward EBITDA profitability. The management at Triumph Financial (NASDAQ: TFIN), which operates the TriumphPay payments and audit network as well as its…
TuSimple filed the first of four late financial documents this week. It’s easy to see why the autonomous truck software developer gave up freight hauling. It cost more than twice as much as it was seeing in revenue. And the company has just 250 U.S. employees after two rounds of layoffs and a refocus on…
CSX is playing a long-term game when looking at encouraging shippers to switch from using trucks to using the railroads, and quantifying what that might look like could take some time, executives said during the eastern U.S. Class I railroad’s earnings call to discuss second-quarter 2023 results. “I think in terms of numbers we’ll probably…
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DHL Express is a large step closer to establishing an air hub on the West Coast by mid-decade after the Ontario International Airport Authority last month voted for a large cargo project previously associated with the parcel logistics company. The airport commission approved the development of the South Airport Cargo Center, as well as numerous…