Not every analyst is head over heels over FedEx Corp.’s announcement Wednesday that it will integrate its two largest operating units June 1, 2024, in an effort to kick-start its way to as much as $6 billion in savings through 2027. Ravi Shanker, of Morgan Stanley & Co., who has been mostly bearish on FedEx…
WASHINGTON — The White House is reviewing a proposed rule to establish a safety standard to require and/or standardize the performance of automatic emergency braking systems (AEB) on heavy trucks. According to a “statement of need” received by the Office of Management and Budget on Tuesday, the National Highway Safety Traffic Administration believes there is…
This week on Taking the Hire Road, Jeremy Reymer, founder and CEO of DriverReach, is joined by a great friend of the show, Brandon Wiseman, owner and president of Trucksafe Consulting. Trucksafe Consulting helps fleets develop innovative safety programs to minimize highway accidents through its online Department of Transportation-compliant Trucksafe Academy. “I just didn’t think…
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…