Reuters | Oct 29 2026 at 01:45 PM | Air Cargo | Logistics FedEx is paying more to hire extra truckers, a cost that weakened margins in its core US express delivery segment in the third quarter and is expected to hit even harder in the…
Oct 29 (Reuters) - FedEx Freight forecast earnings for the crucial holiday quarter above analysts' estimates on Thursday, citing improvement in volumes after reporting bigger-than-expected quarterly profit and revenue thanks to better pricing. Shares of the company rose 2.1% in extended trading. US…
FedEx Freight Holding Co. offered mixed results in its first earnings report, pointing to transitional bumps as the company, the largest carrier of its kind in North America, learns to stand on its own. Revenue was $3.3 billion in the four…
Autonomous truck developer Kodiak AI and Fresno, California-based carrier DTL Transport entered a binding agreement for DTL to deploy 75 Kodiak trucks within its fleet. Kodiak framed the agreement as a Driver-As-A-Service business model, in which DTL pays a per-mile fee…
Kodiak AI signed a binding agreement Wednesday to put its autonomous driving system in 75 trucks owned and operated by DTL Transport, a Fresno, California, carrier that runs cross-country team loads for grocers. The deal moves Kodiak's Driver-as-a-Service model from Permian…
Covenant Logistics Group reported a 19.2% year-over-year increase in third-quarter revenue Thursday, driven by strong growth in its managed freight segment. The Chattanooga, Tennessee-based carrier (NYSE: CVLG) generated $353.9 million in total revenue for the quarter ended Sept. 30, compared with $296.9 million a…
Trucking companies serving the country’s major ports had to grapple with a national shift in volumes toward the West Coast in September. Descartes Systems Group reported in its monthly global shipping report that overall container import volumes increased 10.3% from the…
Less-than-truckload carrier Saia continued to see outsized volume growth in the third quarter as it leveraged an expanded terminal network. The period delivered record revenue and tonnage for the company, with its focus now centered on improving operating results at…
Thursday October 29, 2026 Workers' leaders at Chattogram Port have vowed to resist any move to hand over the New Mooring Container Terminal to a foreign operator, declaring that they are prepared to sacrifice their lives to protect the port. Speaking at…
Kodiak Robotics and Forward Air Corp. are beginning thrice-weekly autonomous freight round-trip runs between Dallas and Atlanta using teams of safety drivers to comply with hours-of-service regulations that likely won’t apply to driverless trucks. Mountain View, California-based Kodiak expects to…
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