UPS Inc. experienced a 41.3% drop in earnings during the first quarter of 2024, the company reported April 23.
April 23, 2024For-Hire
UPS Reports 41% Earnings Drop During Q1
Five Auto Haulers to Merge as Backer Files for IPO
Five auto carriers look set to merge, with the combined entity likely to then add to its assets by buying up competitors, if an initial public offering pans out as planned.
April 17, 2024J.B. Hunt Reports $2.9 Billion Revenue for Q1
J.B. Hunt Transport Services Inc. experienced a decline in revenue and earnings during the first quarter of 2024, the company reported April 16.
April 17, 2024Truck Software Developer Platform Science Raises $125M
Platform Science raised $125 million in capital to accelerate the launch of its software platform with additional truck manufacturers, a spokesperson for the company said April 16.
April 17, 2024Amazon Becomes the Largest US Private EV Charging Operator
Amazon has installed more than 17,000 chargers at about 120 warehouses around the U.S., making the retail giant the largest operator of private EV charging infrastructure in the country.
April 15, 2024Kenan Advantage Group Owner Omers Exploring IPO
Omers Private Equity is exploring an initial public offering of Kenan Advantage Group, one of North America’s biggest tank truck transporter and logistics providers, according to sources.
April 12, 2024Roadrunner Opens Service Center in Atlanta
Roadrunner opened a new less-than-truckload service center in Atlanta, the longhaul freight carrier announced April 10.
April 10, 2024Kodiak Forms Autonomous Truck Council With Walmart, UPS
Kodiak Robotics launched an advisory council to bolster its efforts to commercialize autonomous trucks with the help of trucking industry leaders, the company announced March 27.
April 8, 2024Penske Sues Sacramento Over Environmental Plan
Penske Truck Leasing Co. has sued the city of Sacramento, Calif., alleging the city's environmental plan will harm the company's large North Sacramento facility.
April 4, 2024UPS to Become the Primary Air Cargo Provider for USPS
UPS will become the primary air cargo provider for the United States Postal Service after FedEx said it wasn’t able to reach an agreement on mutually beneficial terms to extend its contract.
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