With Ryder System continuing to focus on growth in its Supply Chain Solutions (SCS) and Dedicated Transportation Solutions (DTS) segment as part of its long-term strategy, the company’s first-quarter earnings report touted higher revenue in those groups. But the overall profitability of the company remains heavily dependent on its traditional Fleet Management Solutions (FMS) segment,…
The logistics industry as a whole has been shaken up over the past few years. While every sector has seen its fair share of upgrades, challenging and shifting priorities, the ocean environment has proven especially rife for change. This shifting landscape can be attributed to a wide swath of factors, from the industry wide technological…
This fireside chat recap is from FreightWaves’ Small Fleet and Owner-Operator Summit on Wednesday. FIRESIDE CHAT TOPIC: Fueling business success through effective technology strategies. DETAILS: FreightWaves’ Grace Sharkey sat down with Natarajan “Raj” Subbiah, head of product at Uber Freight, to discuss how leveraging technology can improve decision-making, reduce costs and elevate customers’ experiences. Subbiah…
Cargolux, Europe’s largest all-cargo airline, achieved its best financial results ever in 2022 with after-tax profit of $1.6 billion, but suggested that geopolitics and an influx of passenger capacity will make it difficult to repeat its performance this year. Luxembourg-based Cargolux said profits increased nearly 22% on $5.1 billion in revenue, a 14.7% gain year…
Uncertainty. It’s a word logistics managers have said so many times that if they had a dollar for every time they said it or wrote it in a sentence, they would have more money in their bank accounts than the ocean carriers. Ironically, this once nemesis for shippers has become its savior and an enemy…