ArcBest posted lower earnings and revenue on weaker demand for the second quarter, the Fort Smith, Ark.-based carrier announced July 28.
Category: News
Amazon to Double Number of Same-Day Delivery Facilities
Amazon.com Inc. will double the number of U.S. same-day delivery facilities in the “coming years,” the company announced July 31.
Yellow Ceases Operations
Less-than-truckload company Yellow shut down operations, ending a nearly 100-year history as one of the nation’s largest carriers and the company began posting notices at terminals.
Allison Q2 Profit Jumps on Strength of On-Highway Sales
Allison Transmission Holdings Inc. reported net income of $175 million in the second quarter of 2023, up 43% compared with $122 million in the same period a year earlier, the company said.
Yellow Puts Logistics Division Up for Sale
Yellow Corp. says it is shopping its third-party logistics broker, Yellow Logistics, to raise cash as the less-than-truckload company attempts to remain in business.
Backup Driver in Autonomous Uber Death Pleads Guilty
PHOENIX — The backup Uber driver for a self-driving vehicle that killed a pedestrian in suburban Phoenix in 2018 pleaded guilty July 28 to endangerment.
US Targets 43.5 MPG for New Vehicles by 2032
DETROIT — The U.S. government wants to raise the fuel economy of new vehicles 18% by the 2032 model year so that all new vehicles would average about 43.5 miles per gallon in real-world driving.
Walmart’s First Class of Homegrown Truck Drivers Graduates
Last year Walmart Inc. dangled $110,000 trucking jobs to its own store workers. Now, the first classes of students are graduating.
Spero, Colantuone, Hicks Take It to the Next Level
WINDSOR LOCKS, Conn. — Anthony Spero, William Colantuone and Joe Hicks claimed titles at the New England Tri-State Truck Driving Championships to punch their tickets for nationals.
Carrier Global Q2 Profits Pegged Back by Sale Charge
Carrier Global Corp. reported a narrowed second-quarter profit of $199 million, down from $573 million in the year-ago period.