Share prices of less-than-truckload carriers fell on Wednesday following Old Dominion Freight Line’s lackluster first-quarter result. The company said freight volumes have stabilized but that there hasn’t been an uptick in demand this spring as originally expected earlier in the year. Old Dominion (NASDAQ: ODFL) reported first-quarter earnings per share of $2.58 before the market…
Canada’s Reefer Sales & Service has been named Carrier Transicold’s North American Dealer of the Year. The company operates six locations across Southern Ontario and the Maritimes, but its flagship […]
Fleets from California will comprise most of the roster of companies taking part in the North American Council for Freight Efficiency’s (NACFE) Run on Less – Electric Depot demonstration. The […]
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…