Ryder System, which has been on a string of strong earnings for the last two years even as it has forecast lower profitability in 2023, has had its debt rating upgraded by S&P Global Ratings to BBB+. The company already had an investment-grade credit at BBB. The lowest investment-grade level is BBB-. BBB+ is two…
Software-as-a-service provider T3 Tech this week moved its transportation management system TrueTMS out of stealth mode to help small fleets navigate their business operations. According to George Thellman, the company’s director of business development and strategic relations, TrueTMS was built from the small fleets’ feedback of available technologies on the market today. “Oftentimes the big…
Third-party logistics providers leased more North American big-box warehouse square footage in 2022 than any other customer category, according to a report published Thursday by CBRE Group Inc. This is the first time that 3PLs have been the top player in the warehouse leasing market since CBRE (NYSE: CBRE) began compiling data in 2012. CBRE…
It’s been five years since a truck and Humboldt Broncos team bus collided just north of Tisdale, Sask., killing 16 and injuring 13 – marking one of the deadliest collisions […]
Port of Virginia to invest more than $18M at Virginia Inland Port and Richmond Marine Terminal The Port of Virginia is planning to invest more than $18 million to expand capacity at the Virginia Inland Port (VIP) near Front Royal and the Richmond Marine Terminal (RMT). At VIP, the Port of Virginia has plans to…