Pam Transportation Services reported late Wednesday a more than 60% year-over-year (y/y) reduction in operating income on revenue that was down just 13%. The Tontitown, Arkansas-based truckload carrier saw revenue in its TL unit drop 14% y/y to $146 million even though average trucks in service (up 9%), total loads (up 15%) and loaded miles…
Consumers are putting fewer items in their carts (Chart: Barchart.com Inc.) In the face of inflationary pressure the past two years, consumers have generally not cut back much on everyday purchases, and CPG companies have often said that elasticities have been muted, or at least no worse than history would suggest. But recent CPG results…
A company based in Concord, Ont., has been fined $125,000 after a contracted dump truck struck and killed a pedestrian near a Toronto Transit Commission bus stop in April 2021. […]
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Mullen Group’s Q2 revenue and net income slid as freight demand softened and pricing normalized. The company reported $494.3 million in revenue for the quarter, down 5.2%, year over year, […]