Shipping has long suffered an image problem on Wall Street, fueled by perceptions that some shareholders have been ripped off by self-dealing management. No analyst has focused on the fair treatment of shipping’s common stockholders more than Michael Webber. He has published an annual corporate governance scorecard for shipping since 2016, until 2019 at Wells…
UPS Inc. shippers should brace themselves for double-digit general rate increases (GRI) in 2024 as the transport and logistics behemoth looks to recoup the “astronomical” cost increases from its tentative five-year contract with the Teamsters union, a transport executive said. Tom Nightingale, CEO of AFS Logistics Inc., a non-asset-based provider that negotiates, audits and pays…
Canada Border Services Agency (CBSA) officers seized more than 63 kg of suspected cocaine with a street value of $6 million at a border crossing in Manitoba. This is the […]
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…
Rush Enterprises, the nation’s largest network of new truck dealerships, will execute a 3:2 split on Class A and B shares after a strong second quarter led by its parts and service business. The split means shareholders will receive an additional one-half share for each common share held as of Aug. 7. Rush reported $2…