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Forward Air Completes Acquisition of Omni Logistics
Forward Air on Jan. 25 announced the completion of its long-pending acquisition of Omni Logistics, with both companies’ leaders touting the benefits of the merger.
ODFL Reports Slight Revenue Bump to $1.5 Billion for Q4
Old Dominion Freight Line experienced nearly flat earnings and a slight revenue bump to $1.5 billion during the fourth quarter of 2023, the company reported Jan. 31.
UPS to Cut 12,000 Jobs, Explore Sale of Coyote Amid Weak Q4
UPS Inc. is reducing its overall employee head count by 12,000 workers, which the company says will save more than $1 billion, citing higher labor costs and softening demand.
Knight-Swift Reports 11% Revenue Increase for Q4
Knight-Swift Transportation Holdings profits dropped during the fourth quarter but the carrier experienced an increase in revenue, the company reported Jan. 24.
Werner Appoints Meisgeier as Its Next President
Company veteran Nathan Meisgeier joined Omaha, Neb.-based Werner Enterprises Inc. in 2005 and was promoted to the carrier's general counsel in 2016.
Current Stock Prices for Trucking, Logistics Companies
Same-day data for publicly traded trucking and transportation stocks in the autonomous, truckload, less-than-truckload, package, logistics and leasing categories.
January 9, 2024Penske Logistics Names Jeff Jackson President
Penske Logistics has named Jeff Jackson president, succeeding Marc Althen, who is retiring. A longtime Penske leader, Jackson has more than 28 years' experience in transportation.
January 5, 2024Groendyke Transport Names Joe Morrissey President
Groendyke Transport, which has operated for more than 90 years, announced Jan. 4 that Joe Morrissey has been named president.
Walmart Chooses Georgia Site for Dairy Facility
Georgia Gov. Brian Kemp announced that Walmart Inc. will invest $350 million to open a new dairy facility along the Interstate 75 freight corridor. Operations are expected to begin in 2025.
Eaton Partners With Cruise Control Specialist Traxen
Eaton is to start selling, distributing, servicing and providing installation support for Michigan-based technology developer Traxen’s iQ-Cruise system.