Ryder System Inc. posted an $18 million loss in the second quarter of 2023, compared with a profit of $239 million in the year-ago period.
Category: News
Jet Engine Wind Powers EVs in Dallas Airport Test
The thrust of airplane jet engines is now powering Teslas and other electric vehicles at Dallas Love Field.
Landstar Records Q2 Earnings Drop but Beats Expectations
Landstar System Inc. posted a year-over-year decline in revenue and earnings during the second quarter of 2023, the company reported July 26.
Wabash Quarterly Profit Jumps as Margin Rises
Trailer manufacturer Wabash National posts a 6.8% increase in net sales in the second quarter compared with the same period a year earlier.
Strategic Tactics Drive Cargo Theft Rise
The trucking industry has faced an increase in cargo thefts this year, with thieves developing more sophisticated and strategic tactics.
Large US-Mexico Truck Crossing to Reopen in Texas
A Mexico border crossing in Texas for commercial truck traffic will reopen after five years starting Aug. 7 to provide an alternative to the Juarez-El Paso land ports of entry.
AI Startup Helps Diesel Trains Clean Up Their Emissions
RailVision Analytics has developed artificial intelligence-enabled software to help locomotive engineers make adjustments in train driving that could lead to savings in diesel fuel.
Norfolk Southern Says Derailment Cost Soars to $803 Million
OMAHA, Neb. — The costs associated with Norfolk Southern’s fiery February derailment in Ohio have more than doubled to $803 million as the railroad works to clean up the mess.
Covenant Reports Revenue, Earnings Decline for Q2
Covenant Logistics Group Inc. reported a year-over-year decrease in revenue and earnings during the second quarter of 2023, the company reported July 26.
Shell Earnings Top $5 Billion in Q2
LONDON — Shell reported July 27 that it earned nearly $5.1 billion in the second quarter, nearly half what the oil and natural gas giant pulled in during the first three months of the year.