ArcBest saw continued volume pressure in the fourth quarter as it transitions its less-than-truckload business away from transactional shipments to loads from its core customers following Yellow’s shutdown. The mix change has been a headwind to revenue but supportive of margins. ArcBest (NASDAQ: ARCB) reported adjusted earnings per share of $2.47 on Tuesday ahead of…
Stoneridge, maker of the MirrorEye Camera Monitor System, has received a five-year extension to its exemption allowing it to replace truck mirrors with cameras and digital displays. “This exemption renewal […]
Transportation prices flipped to expansion for the first time in 19 months as retailers increase inventories, a Tuesday supply chain report said. The Logistics Managers’ Index (LMI) was up 5 percentage points to 55.6 in January with all eight components of the index signaling growth. The LMI is a diffusion index in which a reading…
More than 1,300 workers and former employees at a Goodyear Tire & Rubber factory in Mexico will receive $4.2 million in back pay as part of a labor rights mediation plan, U.S. authorities said. The mediation announced by the Department of Labor on Monday was the result of an investigation under the U.S.-Mexico-Canada-Agreement’s (USMCA) rapid…
ZF has announced plans to invest US$500 million into its Gray Court, S.C., facility, where it will develop traditional internal combustion engine and e-mobility technologies for commercial vehicles and passenger […]